As we all know, Genius Sports is a sports data and technology company. The firm offers sports leagues, bookies, and media organizations data management, video streaming, and integrity services. They were in news last year for their re-branding. Genius sports logo underwent a change accordingly.
Genius Sports Group announced that the company’s whole range of solutions will be housed under a single brand, Genius Sports, ahead of its NYSE debut.
So recently the company has unveiled its new corporate brand and Genius Sports logo. This new branding will bring the company’s complete sports tech arsenal and data assets under the ‘Genius Sports’ umbrella. And this became one of the hottest news of 2021.
Come let us get deep into the rebranding of Genius Sports…
Before that how does rebranding helps? This is answered by the CEO himself:
“This unified approach will help strengthen our value proposition, serve our partners’ needs and articulate our vision of creating personalized fan experiences via the convergence of sports, betting, advertising, and streaming”.
“For more than 20 years, we have never been afraid to walk our own path and our new branding will create a distinct position for us in the market”, added Mark Locke, CEO of Genius Sports.
The NYSE Listing And The Next Stage Of Growth
Genius Sports declared its intention to float on the New York Stock Exchange in Q4 2020, associated with significant year-on-year growth. Prior to listing, the company highlighted the necessity of resolving important brand concerns. This included framing its strategy, rebuilding its brand architecture, and bringing this to life through a revamped and revitalized identity.
Creating A New Brand Identity
The new brand mission, ‘Determined by difference,’ is focused on advocating a disruptive mindset. This is a visionary that enriches the whole industry. Additionally, it is committed to providing the difference for partners and consumers.
As Genius Sports, the decision was made to move to a monolithic brand architecture. This has allowed it to retain existing brand equity and build a deeper understanding of its services. This helps them establish a tightly unified brand that can obtain, orchestrate, standardize, and enrich experiences for sports, betting, and media groups.
Genius Sports collaborated with Dragon Rouge to create a lively new brand identity. The rebranding emphasizes the company’s goal of becoming a leader and pioneer in sports technology and analytics. Genius Sports will no longer be known as Betgenius or Genius Sports Media, and will instead focus on four product areas:
- Media and engagement
The color palette has been modified to match the new Genius Sports logo. The logo’s black typography and white background make room for a new shade of electric blue. The new logo is meant to convey connectedness and innovation. Its straightforward design allows a broader audience to grasp the entire scope of the brand’s potential.
Keep in mind that your logo should be straightforward, appealing, and adaptable in order to get the most out of it. These are the most important characteristics of a good logo. Jootoor Designs can help you with Sports logo designing!
Expanding on this strategy, the vivid new Genius Sports logo and brand identity underscores the company’s position as a pioneer and innovator in sports technology and data, setting it apart from competitors.
Strategic Identity That Is Flexible And Agile
The new Genius Sports logo and brand identity blends the concepts of accuracy, unification, and energy. It investigates the intersection of comprehensive, data-driven organization and optimization with the action and fearlessness of athletic experiences.
The logotype and monogram may be utilized together or as separate assets in their own right, demonstrating the brand’s speed and adaptability.
The versatile graphic device, which is employed throughout the design approach, symbolizes the entire range from accuracy to bold vigor. It is used in animation, multimedia content, and digital applications as an essential part as well as a standalone, dynamic feature.
Vibrant colors and a distinct new hero typeface have been incorporated to create an overall happy and aggressive appearance and feel. All materials are created with motion principles and a focus on digital channels in consideration.
And that is why Branding is a vital part of Digital Marketing…
Why is rebranding important?
Branding is essential in business. It is your firm’s individuality, it distinguishes you from the competitors, and it leaves a lasting impact. This acknowledgment raises the value of the firm, gives knowledge, establishes objectives, and makes attracting new consumers simpler.
We just proved this above by giving a brief on how Genius Sports logo and branding underwent a change.
A brand might become out of date with time. That is when rebranding becomes necessary. Coca-Cola, Target, Dunkin’ Donuts, and Disney are all aware of this. Apple has had three rebrandings. And it was lately Genius Sports logo and rebranding.
Why should you think about rebranding?
Rebranding may revitalize your company and avoid it from being dominated by the competition. Here are a few considerations to think about rebranding:
Basic aspects come and go in fashion. Typefaces, colors, graphics, and logos can all become out of date. Catch pace with the market and current fashions.
Do you also want your firm to have a new look? Consider getting a makeover.
Today’s economic world moves at breakneck speed. Consumer behavior evolves and changes. To stay customer-focused and relevant, your brand must evolve. Customer loyalty will become more difficult as technology progresses. A fresh brand catches the attention of the public and makes you stand out.
Brands are frequently associated with corporate executives. When the founder leaves, a new CEO takes over, or a firm is passed down from one generation to the next, the organization begins to shift generally. This is a wonderful moment to think about a different beginning to reflect this change.
Acquisitions and mergers
When these shifts occur, themes and brand focus should be reviewed. Rebranding aids in the creation of a new visual identity, especially where there are similarities in audiences, geography, or goods.
As a firm develops, it expands in the market, changes through time, and may become something very different from what it was when it initially started. It is possible that the initial identity could prove problematic to the company’s growth. The brand is cast in a better perspective as the emphasis shifts.
There are rebrand flops for every successful rebranding endeavor. Examine your organization, brand, and unique requirements. Rebranding may be a difficult undertaking, but the benefits are numerous.
Starting a rebranding project???
Jootoor Designs is experienced in branding, and we understand how vital it is to your identity. Our experts can take the uncertainty out of it for your company, design a suitable plan, and assist you in refreshing your brand.
Do contact us to explore how a branding or rebranding strategy might benefit you – 91888 16888