GroupM Doubles Investment in Women's Sports, Launches Dedicated Marketplace
The advertising giant's initiative, backed by major brands, aims to tap into the growing market potential of women's sports.
- GroupM, a leading advertising firm, is set to double its investment in women's sports, aiming to create a dedicated marketplace for this segment.
- The initiative is supported by major brands like Adidas, Unilever, Google, and others, signaling growing confidence in the market's potential.
- Women's sports are projected to generate over $1 billion in revenue in 2024, with increased viewership and attendance highlighting its rising popularity.
- The dedicated marketplace aims to address systemic challenges in buying women's sports media, making it easier for brands to invest.
- GroupM's move reflects a broader industry trend of recognizing and investing in the untapped potential of women's sports.