'Friends Reunion': The one with all the lessons for brand marketers
The iconic American TV show's reunion episode was a global event. Here are four marketing lessons to take away from the episode
On May 27, HBO Max released the long-awaited Friends Reunion episode (or shall we call it ‘The 237th episode’) globally. Here are four key learnings for every brand marketer to take away from the Reunion and ‘Friends’, a well-loved, successful and revenue generating brand.
'Friends Reunion' makes for a compelling watch for the audience that grew up watching the show from 1994 to 2004 (think, younger Gen X men and women under 35 years, no kids and preoccupied with work and leisure activities). The Reunion episode has once again captured the hearts and minds of this audience, and has packaged all the emotion, laughter, competitiveness, romance, friendly characters, famous scenes, and more, into one very watchable over the 100-minute episode.
Result: The producers have landed a brand relaunch that delivers strong emotional bonding with the Friends brand almost from the first minute.
Central Perk, the Smelly Cat song by Phoebe (a duet with Lady Gaga), Monica's apartment, the music, Gunther ‘the coffee shop’ guy, and Janice’s iconic "OMG" strike the nostalgic cord.
The episode itself is hosted by James Corden and has multiple celebrities who show up in the 100 minutes to add star value. Many global media outlets covered the launch with interesting tidbits about the episode and the cast. Stories about how much each star made for the episode (anywhere from $1-5 million per star) helped pique viewers' interest. Social media posts from the cast added to the frenzy.
The learning for brands is simple. While it is important to build on your history, brands need to constantly acquire new streams of business by targeting younger consumers who will eventually become the core of the brand. Brands that fail to do so die slowly by steady declines in revenues and equity.
The writer is a Managing Director of a leading MNC in India. He is also the author of the brand management comic ‘Building the Perfect Beast – What Really Happens in Brand Management', published by Harper Collins