McDonald's To Sign Celebrity Sponsorship Deal With Travis Scott

McDonald's is signing a new celebrity sponsorship deal with rap artist Travis Scott. The Chicago headquartered burger giant announced on Thursday, a multi-level sponsorship deal that will involve a roundabout package of menu items as well as fashion merchandise and support for several charitable organisations.

McDonald's patrons can get their hands on a Travis Scott meal that includes a Quarter Pounder with Cheese topped with bacon and lettuce, a side of medium fries with BBQ sauce and a Sprite. The meal is priced at £4.53 and will be available in branches from Sept.8 through October 4, 2020.

It has been 28 years since the company had a celebrity's name up on its menu. Former NBA superstar Michael Jordan signed up for a similar sponsorship deal with the company in 1992.

As part of the deal, McDonald's said their agreement with Scott not only promises opportunities to support charitable organisations but it also comes with custom apparel for McDonald's crew members exclusively designed by Scott.

While the deal seems quite juicy, it has received some unfavourable responses from franchisees who expressed their concerns with Scott's music, mainly his lyrics. This comes after the company's former CEO Steve Easterbrook made the news regarding his relationships with employees. About two-thirds of McDonald's operators are said to have opposed the partnership, according to an article on Restaurant Business.

Citing it's goals to reach younger consumers, the company sees Scott as the perfect fit for the deal, being that the rap artist is one of the biggest music personalities popular with the younger market niche today. Scott has sold more than 45 million albums in the U.S.

In a statement from McDonald's chief marketing officer Morgan Flately, he said, "Travis is a true McDonald's fan having grown up visiting our restaurants in Houston, not to mention one of the biggest musical acts and cultural icons in the world."

As part of its goal to elevate its competitiveness in quick-service sales, the company is pursuing a fresh and bolder marketing vision as it invests a mouth-dropping £76 million for its marketing budget this year. The partnership with Scott is written down on that investment.

RECENT NEWS

BlackRock Looks To Human Fund Managers

BlackRock is overhauling its flagship quantitative hedge fund as it prepares to challenge some of the industry’s most ... Read more

Nvidia Chip Demand Defies Talk Of A Slowdown

Nvidia has delivered another set of powerful quarterly results that eased investor nerves and strengthened confidence in... Read more

META Wins Antitrust Case

Meta has secured a decisive victory in one of the most significant US antitrust cases in years, after a federal judge re... Read more

Amazons AI Boom UPs Profits, But 14,000 Are Axed

Amazon has reported its strongest cloud growth in nearly three years, powered by surging demand for artificial intellige... Read more

Trump Pardons Binance Founder

ChatGPT said:Donald Trump has granted a presidential pardon to Changpeng Zhao, the billionaire founder of Binance, closi... Read more

Powell: AI Investment Is No Bubble

Federal Reserve Chair Jerome Powell has drawn a clear line between the current boom in artificial intelligence and the e... Read more