There is only one massive event where entertainment and advertising collide.  It is the Super Bowl.  The 2024 game will be played on February 9th and will be broadcasted on Fox.

The Super Bowl is the biggest advertising event of the year.  Do you want to know why it's so expensive?  Because it reaches 100 million viewers.  That's more than any other entertainment event in the year.

It's a big deal for brands.  They want to be in the spotlight.  That's why they are willing to pay top dollar for a 30-second ad.  Fox has raised the price for these ads to a record $8 million.

Why pay so much?  Because they want to make their brand stand out.  A metric ton of star power helps.  The Super Bowl has more celebrities per hour than anything else on TV.  Tim Curtis, senior partner at WME, estimates that this year’s Super Bowl ads will feature between 80 and 100 celebrities, from megawatt stars to comedians to digital creators.

So, let's talk about the stars.  They are the main attraction.  Uber Eats has Matthew McConaughey leading, joined by Kevin Bacon, Greta Gerwig, Charli XCX and Martha Stewart in cameo roles; Stella Artois has Matt Damon and David Beckham playing estranged twins; Michelob Ultra has Willem Dafoe and Catherine O'Hara playing pickleball villains; Hellmann's mayonnaise reunited Billy Crystal and Meg Ryan (joined by Sydney Sweeney in a cameo role) to re-create the famous deli scene in When Harry Met Sally.  The list goes on and on

But it's not just about the stars.  They also help the brand stand out and reach different audiences.  Each person in the cast has to amplify the creative idea.  The ensemble allows them to tap into lots of different fan bases.  That's why the extension of having someone like Greta Gerwig in there and Charli XCX and Martha Stewart all became really important.

But Super Bowl commercials also give talent a chance to bolster their own brands, or direct attention to causes important to them.  Damon, for example, is highlighting Water. org, which he co-founded, in the Stella spot, which he hopes will stand out.

So, how much does it cost to get a big name?  $3 million to $5 million.  It's a lot of money.  But the cost of a Super Bowl ad doesn't stop there.  The total cost can be anywhere from $10 million to $20 million.  That includes the fee for Fox, the fees for talent, and production costs.  Some ads have used hit music and have featured A-list directors, or required the rights to specific IP.  But that's not all.  Most brands now build social and digital campaigns to keep the momentum going.  And those efforts can stretch well into the seven figures themselves.

And while Super Bowl LIX is still days away, the high stakes and high costs mean that many brands are already thinking about 2026, when Super Bowl LX will be played on NBC.  So, the planning starts early.  The extra time allows them to lock in better rates and hone the creative that will (hopefully) stand out.

The Super Bowl isn't just a big deal for big brands.  It's a significant investment for some companies.  Danny Winer, the CEO of direct-to-consumer cookware brand HexClad, says that his company — which is making its Super Bowl debut this year with a spot starring chef Gordon Ramsay and comedian Pete Davidson — originally joked around internally about buying a spot, before deciding to actually pull the trigger.

The Super Bowl's Mega Ad Battle

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