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Mike Cessario said that during the 2008 Warped Tour, he noticed energy drink companies heavily sponsor rock bands and rock tours.
Liquid Death, a water brand that began life in 2018 with a funny video to first test the concept, has grown deadly serious about its growth prospects.
Former Netflix director Mike Cessario founded the brand back in 2018.
According to Cessario, Liquid Death is now carried in more than 29,000 locations throughout the United States, including Whole Foods, Target, Safeway and 7-Eleven stores, and revenue reached nearly $45 million last year, up from $3 million in 2019 when the company sold its first can.
When Liquid Death first launched in 2019, the brand was backed by many tech notables.
In 2020, Liquid Death released an album on Spotify called “Greatest Hates” made up of haters’ comments and product reviews the company has received online.
Pointing to a beverage industry metric called ACV (for all-commodity volume) that represents the total annual sales volume of retailers, Cessario said that Fiji water has 90% ACV whereas Liquid Death was approaching just 9% at the end of 2021.
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