SpongeBob SquarePants Faces Rounding Error in Puzzling New Product License Deal
The Real SpongeBob SquarePants
According to Access Hollywood, SpongeBob SquarePants is a āCash Cowā and generated ā$8 Billion in merchandising revenue for Nickelodeon.ā The 2009 report, covering SpongeBobās 10th anniversary reported that President Obama and Prime Minister Gordon Brown were both fans who watched the show with their children.
The Brief: SpongeBob is an anchor brand for Nickelodeon and as a result requires great attention to detail when it comes to approving deals to license the character to manufacturers for specialty and retail products. Agreeing to poorly made products or products that misrepresent the character brand can cause great harm to the company who owns the likeness and itās associated copyrights and trademarks.
For instance, you would not have SpongeBob in an advertisement promoting Shark Fin Soup. You wouldnāt have him shown behind a harpoon on a whaling vessel. While those concepts seem blatant and obvious blunders, what Iām referring to is a more nuanced, but equally important considerationāthe unequivocal brand attributes of a product. To a brander, a productās indisputable brand attributesĀ make the brand what it is and directly affect how it is perceived in the public. Itās what makes it unique, sellable and defensible in the marketplace.
Thatās why this licensed product, sold at Target, was so disturbing to me. Target, a well respected retailer, during this past weekās back to school sale had this SpongeBob Puzzle in a prominent place on its shelf and the shocking thing to me was that SpongeBob SquarePants was ROUND.
While I appreciate the clever product, which seemed well made, there are any number of characters the manufacturer could have chosen. I think that whomever is in charge of SpongeBob SquarePants licensing completely lost the plot on this deal. Itās not ok to have a product which is known (and loved) for being square and having a licensed application of it where itās as round as round can be.
Is it a blunder? Yes, but not an end of the world sort. SpongeBob SquarePants, is about more than being a shape, SpongeBobās brand attributes also incorporate his personality, which is āsquareā in the social sense. Squareness as it applies to SpongeBob relates to his ideology of looking at the bright side of life, naive, doing the right thing, being positive, upbeat and always helping friends in need. SpongeBob is not hip, heās Square, and fans around the world love him for it.
Allowing someone to make a product whose main value proposition is that itās a āround puzzleā should be an obvious no deal for SpongeBob. While the amount of income generated by this single product may equate to a financial rounding error, the real blunder is presenting a confusing message to young kids who are not completely familiar with the brand.
How to avoid this blunder: If you plan on making a licensing deal, think carefully if the licensee is introducing something which could present your brand attributes in an inconsistent manner. The Hulk is Green (not Gold), Steve Jobs wears Black turtlenecks (not Red) and most everyone knows that SpongeBob is Square (not Round). While some may think itās a cute and ironic idea, I say agreeing to branding attribute confusion is never acceptable for such an important brand asset. Protect it with all you can muster, because allowing one deviation from the norm can create a very slippery slope. SpongeBob gets into enough trouble on TV and in the movies, letās hope his handlers donāt make a mess of him in real life.
Ā Access Hollywood Report