August 20, 2024
Ascential, the media and events company behind Cannes Lions, has entered into an agreement to acquire the commercial assets of Effie, the global benchmark in marketing effectiveness.
Pending regulatory approval, Effie will join Ascential’s LIONS Division, bringing with it more than 55 global, regional, and national Effie Awards programs, covering over 125 markets.
In acquiring Effie, Ascential also plans to undertake a long-term partnership with its not-for-profit arm, Effie Worldwide, which provides research and resources on effective marketing strategy. Moving forward, the organization will become The Effie LIONS Foundation and will focus on educating the next generation of talent, offering training for all marketing students, particularly those underrepresented in the marketing community. The Foundation will also provide a home for LIONS’ existing not-for-profit initiatives and access to some of the LIONS Division’s digital products.
Philip Thomas, CEO of Ascential, commented: “The coming together of LIONS and Effie is a powerful testament to the fact that effectiveness and creativity in marketing are inextricably linked. All enlightened businesses know that creative, effective marketing drives growth. This historic partnership will complement the insights and intelligence on marketing and creative effectiveness that LIONS already offers via WARC, The Work, and Contagious, providing marketing leaders worldwide with the data and evidence they need to make the case for creative marketing that matters. Meanwhile, the creation of The Effie LIONS Foundation, Inc. will educate and inspire our industry and broaden the opportunities available to everyone to build a career in creativity and marketing.”
Traci Alford, President and CEO of Effie Worldwide, commented: “We are excited to join LIONS with such a complementary, yet distinct, portfolio of brands. Closer collaboration between Effie, as the definitive marketing effectiveness benchmark globally, and the LIONS brands is an exciting prospect for the industry. Our ability to share insights and find synergies in our data will help to dissect the role creativity plays in driving marketing effectiveness overall. Together we will be able to better understand the key drivers of growth and ultimately help all businesses succeed.”
Headquartered in New York, with offices in Beijing and the UK, Effie has a network of 59 partners covering over 125 markets. Effie will continue to be led by Traci Alford, President and CEO of EffieWorldwide.
As the official representative of Cannes Lions in the UAE, Motivate Val Morgan warmly welcomes this exciting new partnership.
Source: Cannes Lions Press Release
Related Articles:
Cannes Lions Launches the LIONS Scholarship
UAE Secures 23 Lions at the 2024 Cannes Lions International Festival of Creativity
