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Elba, Idris

Prepare Yourself for This Weekend’s ‘Crypto Bowl’

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The crypto industry, which struggles with a reputation for being volatile, bad for the environment and overrun by wealthy tech guys, has tried to demystify itself for the general public in part by pouring money into marketing. Several ad experts said they had déjà vu, noting similarities to the gush of money dedicated to marketing the dot-com boom more than 20 years ago.

The number of crypto companies advertising more than tripled last year, and their spending more than quintupled, according to a sample of 200 companies reviewed by the research firm MediaRadar. The National Football League star Tom Brady signed on as a brand ambassador for FTX. Crypto.com paid $700 million to rename the Staples Center arena in Los Angeles. Celebrities including Spike Lee, Matt Damon and Neil Patrick Harris appeared in crypto commercials.

Meta, the parent company of Facebook, loosened a ban on crypto ads that had been in place at the social network since 2018, explaining in December that “the cryptocurrency landscape has continued to mature and stabilize in recent years.” Google also relaxed its crypto advertising guidelines over the summer.

Not everyone is sold. The Monetary Authority of Singapore, a financial regulator, said this year that crypto companies should stop advertising to retail investors because trading digital currencies is “highly risky and not suitable for the general public.” The Athletic, the sports news site recently bought by The New York Times, reported last year that the N.F.L. does not allow teams to sell sponsorships to cryptocurrency trading firms.

“The Super Bowl is low-effort — it’s fun, you’re in a relaxed mode, and then a crypto commercial comes on and it seems friendly and accessible and people might be more likely to give it a shot,” said Demetra Andrews, a clinical associate professor of marketing at Indiana University. “But it does present real risk, certainly more than trying out a new flavor of beverage or Uber Eats.”

Other technology ads will feature heavily in the Super Bowl, including sports betting ads (Caesars Sportsbook and DraftKings) and ads about the metaverse (Meta and Salesforce). Google has an ad centered on its Pixel 6 camera and diversity in photography. A commercial from the financial app and Super Bowl first-timer Greenlight shows the “Modern Family” actor Ty Burrell impulse-buying a Fabergé egg, a jetpack and a Pegasus.

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Filed Under: BUSINESS Tagged With: Advertising, Advertising and Marketing, Blockchain, Celebrities, Coronavirus (2019-nCoV), Crypto.com (Foris DAX Inc), Currencies, Elba, Idris, Facebook, Football, Google, Indiana, Industry, Los Angeles, Los Angeles (Calif), Media, Money, National, National Football League, NBCUniversal, New York, New York Times, PAID, Photography, Research, Singapore, Super Bowl, tech, technology, Television, Uber, Virtual Currency, York, YouTube

In Australia, Hollywood Stars Have Found an Escape From the Virus. Who’s Jealous?

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“It definitely feels like a time machine,” Ms. Portman, calling in from Sydney, told the late-night host Jimmy Kimmel in December. “It’s so different, all the animals are different, all the trees are different, I mean even the birds, like, there’s like multicolored parrots flying around like pigeons,” she added. “It’s wild.”

A spokeswoman said the government had helped 22 international productions inject hundreds of millions into the local economy. Paul Fletcher, the federal minister for communications, said, “There’s no doubt it’s a very significant spike on previous levels of activity.”

But even as celebrities preen and pose on social media, some Australians grumble that the country’s strategy for stamping out the virus has left tens of thousands of citizens stranded overseas. Several tennis players and 2021 Australian Open staff were allowed into the country for the tournament. And now, they say, Hollywood’s rich and famous are turning up during the pandemic, angering critics who see a clear bending of the rules for those with money and power.

“Everyone knows there’s a separate set of rules, it seems, for everyone that’s a celebrity or has money,” said Daniel Tusia, an Australian who was stuck overseas with his family for several months last year. “There are still plenty of people who haven’t been able to get home, who don’t fall into that category, who are still stranded,” he added.

In an emailed statement, the Australian Border Force said that travel exemptions for film and television productions were “considered where there is evidence of the economic benefit the production will bring to Australia and support from the relevant state authority.”

A year ago, Tom Hanks, Hollywood’s everyman, made all-too-real the threat of the pandemic when he and his wife, Rita Wilson, tested positive for the coronavirus in Queensland, Australia, while he was filming an unnamed Elvis biopic. Their illness made personal a threat whose seriousness was only beginning to become crystallized at the time.

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Filed Under: WORLD Tagged With: Animals, Australia, Bale, Christian, Birds, California, Celebrities, Clooney, George, Coronavirus, Coronavirus (2019-nCoV), Damon, Matt, Economy, Efron, Zac, Elba, Idris, Family, Government, Hanks, Tom, Marvel Entertainment, Media, Money, Movies, New Zealand, Politics and Government, Quarantine (Life and Culture), Social Media, State, Television, Theater, travel

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