TV offers better ROI than digital, says Coke marketing chief

Coca-Cola's chief marketing officer, Marcos de Quinto, says TV spend remains "critical" to the brand, resulting in greater sales than any digital channel.

Coca-Cola: the brand's 'Taste the Feeling' global campaign
Coca-Cola: the brand's 'Taste the Feeling' global campaign

Speaking at a Beverage Digest event, de Quinto added that the brand was trying to streamline its efforts in digital.

According to Ad Age, de Quinto showed a slide with data showing TV investment in 2014 returned $2.13 (£1.69) for every dollar spent, versus $1.26 for digital.

De Quinto said: "We are very seriously trying to transform our company to make it a digital company, but it's not just to put ads in social media."

He reportedly displayed a slide that said: "Social media is the strategy for those who don't have a true digital strategy."

De Quinto's comments come amid a raft of senior leadership changes.

Coke's chief executive Muhtar Kent will step down next year, and will be replaced by chief operating officer James Quincey.

The brand has appointed its first chief digital officer, David Godsman, who formerly headed up mobile payments at Bank of America. De Quinto noted that Coke's digital spend had historically been hefty, but not always particularly clever. The brand has more than 300 apps, the majority of which have "less than 50,000 or 100,000 users", he said.

Subscribe to Campaign from just £57 per quarter

Includes the weekly magazine and quarterly Campaign IQ, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Share

1 Vodafone, Sky and HSBC join retreat from Google

Several more major brands, including Vodafone, Sky, and a trio of the UK's leading banks, have added their names to the list of those considering suspending their advertising on Google.

Why Cosabella replaced its agency with AI and will never go back to humans
Shares0
Share

1 Why Cosabella replaced its agency with AI and will never go back to humans

In October, lingerie retailer Cosabella replaced its digital agency with an AI platform named "Albert". Since then it has more than tripled its ROI and increased its customer base by 30%.

Just published

More