In the premiere of And Just Like That, a Peloton cameo sent stocks in the fitness firm tumbling by 11%.
SPOILER ALERT
The scene shows Carrie’s husband, Mr. Big, dying from a heart attack after a Peloton class. Initially, Peloton responded in a statement, which blamed the death on Mr Big’s “extravagant lifestyle” of “cocktails, cigars, and big steaks.” But that was merely the start. Just 48 hours after the episode aired, Peloton unveiled a PR showstopper. In a video produced by Ryan Reynolds’ ad agency, Mr. Big is revealed to be alive and well. Indeed, the rogue is now shacked up with his Peloton instructor, who’s played by real-life trainer Jess King (Incidentally, King’s real partner is a singer who recently urinated on a fan during a concert). As we fade out on the happy couple, we hear Reynolds reel off the benefits of biking: The ad attracted even more headlines than the show that inspired it — and may help Peloton repair some of the damage. While the concept was clever, the most striking aspect of the response was its speed. Reynolds has a term for this approach: “Fastetvertising.” Christina Miller, connections director at WPP marketing agency VMLY&R, told TNW that Peloton’s ad is an exemplar of the genre:
The best offense is a good defense, as they say, so figuring out your model to ensure a fast response can be actioned before you need to activate it is mandatory in today’s world. By creating quickly, Peloton was able to take back and own the conversation in a place and in a way that connected with the community where they were and how they wanted to hear it. — Peloton (@onepeloton) December 13, 2021 The reactions on social media made a speedy response vital. Laura Richards, a PR and marketing consultant, as well as an associate lecturer at Newcastle University, said time was of the essence: Indeed, the response was so impressive that it aroused suspicions. While Peloton said it didn’t know the bike would kill Mr. Big, not everyone is convinced that the company was surprised. Peloton’s response advert was turned around incredibly quickly and seems to have been successful in helping the company take control of the narrative — after all, we’re now talking about the advert, rather than the premiere. Kelly O’Hanlon, a senior lecturer in PR and media at Birmingham City University, pointed to the logistics of creating the ad: An intriguing subplot is Reynold’s relationship with Peloton. The actor’s agency made its breakthrough by parodying a catastrophic Peloton ad from 2019. While repairing a disaster is harder than mocking one, Reynolds appears to have made a good start. What they didn’t anticipate was how, just like that, their stock would dive so suddenly. Speculation will continue, but it will be a long time until Peloton comes out with a clean bill of health after this big storyline.
