StockNews.AI
STGW
StockNews.AI
62 days

STAGWELL'S (STGW) CONSULUM AND PARTNERS LAUNCH MAYDAN SPORTS: A GLOBAL SPORTS ENGAGEMENT COLLECTIVE DEDICATED TO THE MENA REGION

1. Stagwell launches Maydan Sports for MENA region sports engagement. 2. Maydan Sports aims to enhance global reputations via local impact. 3. MENA is the fastest-growing sports market globally. 4. Partnerships with agencies enhance client engagement strategies. 5. Potential for significant stakeholder benefits across the region.

11m saved
Insight
Article

FAQ

Why Bullish?

The launch indicates Stagwell's proactive engagement in growing markets. Historically, firm expansions into emerging sectors often precede stock price escalations.

How important is it?

The initiative directly involves Stagwell and targets a high-growth area, increasing STGW's potential market reach.

Why Long Term?

As the MENA sports market matures, sustained client growth may enhance long-term revenue. Similar expansions in tech sectors typically yield prolonged positive impacts.

Related Companies

NFLQatarFIFA
Maydan Sports combines world-class sports marketing, immersive technology, and regional expertise to elevate the MENA region's global sports presenceA joint initiative between Consulum and Stagwell network companies including Allison Worldwide, ARound, Assembly, Code and Theory and Gold Rabbit SportsThe collective will support federations, clubs, public bodies, and brands to maximize the impact of sports across the region, /PRNewswire/ -- Consulum, the MENA region's leading strategy and communications advisory firm, which joined the Stagwell (NASDAQ: STGW) global network in 2024, today announced the launch of Maydan Sports – a global sports engagement collective designed to help organizations across the MENA region build global reputations and deliver local impact through sport – alongside partner Stagwell agencies. Stagwell's (STGW) Consulum and partners launch Maydan Sports, a global sports engagement collective dedicated to the MENA region. Unveiled at Stagwell's SPORT BEACH, the official LIONS Sport Partner of the Cannes Lions International Festival of Creativity, Maydan Sports is a purpose-built alliance of global and regional specialists in sports marketing, communications, fan experience, partnerships, and immersive technology. The MENA region is the fastest-growing sports market in the world. With landmark events like the FIFA World Cup, Asian Football Cups, the Asian Winter Games, Esports Olympics, Formula 1 races, Gold Cups and combat sports championships, the region is becoming a powerhouse for sport, innovation, and global engagement. "With the world's eyes firmly on the region, the potential for all stakeholders - from governments and brands to local youth and communities - is immense," said Dr. Craig Wilkie, Managing Director of Maydan Sports. "Maydan Sports is designed to drive this momentum and ensure our clients' sporting agendas deliver enduring impact."Maydan Sports draws on the collective strength of several award-winning Stagwell agencies and companies: Consulum – Regional strategy and communications consultancy with deep MENA sports experience. Allison Worldwide – Global communications firm, lead PR agency for a Cannes Lions Titanium-winning campaign for the FIFA World Cup 2022 (Qatar) among others. ARound – Pioneering stadium-scale AR, transforming fan and sponsor experiences across major sports including MLB, NFL, NBA, and MLS. Assembly – Delivering high impact media campaigns and more for the MENA region's largest events and sports leagues. Code and Theory – Digital transformation partner for the NFL, USTA and the MLB. Gold Rabbit Sports – Sports marketing and commercial strategy firm advising rightsholders like the Kansas City Chiefs and MLS as well as sports sponsors around the world. Media contacts: [email protected]Websitewww.maydansports.com Notes to editors: About StagwellStagwell is the challenger holding company built to transform marketing. We deliver scaled creative performance for the world's most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our specialists in 45+ countries are unified under a single purpose: to drive effectiveness and improve business results for our clients. Join us at www.stagwellglobal.com.    About ConsulumConsulum is a MENA-based strategy and communications firm dedicated to helping organizations develop, lead and deliver positive programmes that successfully promote their global interests. Consulum's 160 specialists have the experience and expertise to help organisations enhance their standing on the world stage and achieve their global objectives. The integration of strategy, policy and communications – in both the design and execution of programmes – sits at the heart of our philosophy, because silos dilute impact while integration maximises it. Visit consulum.com for more information.About Allison WorldwideAllison Worldwide is a global communications agency dedicated to driving growth, innovation, and positive change for clients, colleagues, and communities. With a diverse range of expertise and a forward-looking mindset, Allison delivers game-changing results that make a lasting impact. Allison is owned by Stagwell (NASDAQ: STGW), one of the fastest-growing and most influential marketing and communications networks in the world. Agency partners leverage Stagwell's technology, data analytics, insights, and strategic consulting solutions to drive measurable results and optimize return on marketing investment for more than 1,700 clients worldwide. Learn more at www.allisonworldwide.com.About ARoundARound is a first-of-its-kind stadium-level shared augmented reality platform and is part of the Stagwell Marketing Cloud, a proprietary suite of SaaS solutions built for the modern marketer. ARound keeps audiences engaged by capturing their attention through immersive, interactive and shared experiences with fellow fans across the venue. Where other AR products offer isolating, singular experiences, ARound's massive multi-user AR – which uses 3D spatial computing to localize content – redefines what it means to be part of a connected fan experience. It was the winner of Stagwell's annual innovation competition which invests in new product ideas proposed by the network's 13,000+ employees. ARound and the Stagwell Marketing Cloud are a part of Stagwell (NASDAQ: STGW), the challenger network built to transform marketing.About AssemblyAssembly is a leading global omnichannel media agency that merges data, talent, and technology to catalyse growth for the world's most esteemed brands. Our holistic approach weaves together compelling brand narratives with a comprehensive suite of global media capabilities, driving performance and fostering significant business expansion. Our initiatives are powered by STAGE, our proprietary operating system, and executed by a dedicated global team of over 2,300 professionals across 35 offices worldwide. Committed to purposeful action, Assembly leads the way in social and environmental impact within the agency realm. As a proud member of Stagwell (NASDAQ: STGW), the challenger network designed to revolutionize marketing, Assembly continues to set new standards of excellence. For more information, please visit assemblyglobal.com.About The Code and Theory NetworkThe Code and Theory Network is the only technology and creative network with a balance of 50% creative and 50% engineers. Our unique makeup makes us the place where CMOs, CTOs and CIOs come together to drive results for their businesses. We partner with our clients to redefine what is possible to create lasting impact and drive long-term growth. Part of Stagwell, Code and Theory offers a global footprint and the capabilities to work across the entirety of the customer-facing journey, and implement the technology that powers it. The network includes the flagship agency Code and Theory as well as Kettle, Instrument, Left Field Labs, Truelogic, Rhythm, Mediacurrent, as well as MENA based Create. Group, an agency dedicated to creating fans through digital brand experiences across the Middle East. Code and Theory clients include Amazon, JPMorganChase, Microsoft, NBC, NFL and Yeti. For more, visit codeandtheory.comAbout Gold Rabbit SportsGold Rabbit Sports is a big idea incubator that unlocks the communications and commercial potential of sports and entertainment platforms. We guide brands to measurable and memorable partnerships and rightsholders to unexpected and delightful collaborations. In just 5 years, our entrepreneurial mindset, creativity, optimism, tempo, and 100+ combined years of global experience has already helped over 30 clients around the world meet business goals by designing best-in-class deals and activations connected to FIFA World Cup, the Olympic movement, major sporting leagues, championship teams, top-tier athletes, marquee sporting events, cultural moments, music platforms, and more. Visit www.goldrabbitsports.com to learn more.SOURCE Stagwell Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News