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	<title>AllThingsD &#187; Mary J. Blige</title>
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		<title>Citi Still Spending Money on Marketing; Facebook Will Get a Few Pennies</title>
		<link>http://allthingsd.com/20081124/citi-still-spending-money-on-marketing-and-facebook-will-get-a-few-pennies/</link>
		<comments>http://allthingsd.com/20081124/citi-still-spending-money-on-marketing-and-facebook-will-get-a-few-pennies/#comments</comments>
		<pubDate>Mon, 24 Nov 2008 15:47:00 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[Media]]></category>
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		<category><![CDATA[advertising]]></category>
		<category><![CDATA[Atmosphere BBDO]]></category>
		<category><![CDATA[Buddy Media]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Mary J. Blige]]></category>
		<category><![CDATA[MediaMemo]]></category>
		<category><![CDATA[Nickelback]]></category>
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		<category><![CDATA[Peter Kafka]]></category>

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		<description><![CDATA[File under "odd timing": On the same day that Citigroup makes headlines as the beneficiary of a $300 billion bailout/prop-up, the bank begins a new marketing campaign. But don't worry, U.S. taxpayers--the bank you're buying a piece of isn't blowing much dough on this one--it's on Facebook.]]></description>
			<content:encoded><![CDATA[<p><a href="http://mediamemo.allthingsd.com/files/2008/11/citifb-campaign.jpg"><img class="alignright size-full wp-image-1364" title="citifb-campaign" src="http://mediamemo.allthingsd.com/files/2008/11/citifb-campaign.jpg" alt="" width="250" height="189" /></a><br />
File under &#8220;odd timing&#8221;: On the same day that Citigroup makes headlines as the beneficiary of a $300 billion bailout/prop-up, the bank begins a new marketing campaign. But don&#8217;t worry, U.S. taxpayers&#8211;the bank you&#8217;re buying a piece of isn&#8217;t blowing much dough on this one.</p>
<p>That&#8217;s because it&#8217;s a Facebook app campaign, which makes it very difficult for its sponsor to blow much dough, no matter how hard it tries. In this case, Citi is sponsoring a <a href="http://www.facebook.com/apps/application.php?id=43377414232">&#8220;Magnetic Lyrics&#8221;</a> app, a takeoff on  the refrigerator magnet word games favored by vaguely literate folks. In this case you assemble lyric snippets to your favorite songs by either Nickelback or Mary J. Blige.</p>
<p>Don&#8217;t like either act? Me either. But presumably lots of people do, and Citi is doing a broad deal with both of them. In any case, what&#8217;s relevant here are the economics, which are small scale.</p>
<p>I don&#8217;t have specifics, but I assume that Citi and its vendors&#8211;Atmosphere BBDO, a digital agency owned by ad behemoth Omnicom (OMC), and Buddy Media, a start-up that specializes in social media campaigns&#8211;are spending a modest amount to actually develop the app. I&#8217;m guessing it&#8217;s under six figures. And Citi will likely pay a small bounty for each user who plays with it&#8211;perhaps $1 per user. So far, that&#8217;s about $5,400.</p>
<p>And what does Facebook get out of this? Well, Citi (C) will need to buy some ad space to promote the app, so you can tack on a few bucks more to the campaign. But not much&#8211;Facebook has had a notoriously hard time convincing advertisers to pay up for its inventory. And it has a lot of inventory.</p>
<p>The takeaway: Assume Citi continues to exist in some form, it&#8217;s going to have to continue to spend money on marketing, and most of that will still be on big-blast campaigns like the ones you&#8217;re used to seeing on TV. But small, targeted plays like this could be an effective complement. And if you get a lot of marketers investing a lot of money in these kinds of gimmicks, then Facebook has a real income stream, which it could use.</p>
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