by Christopher Freeburn | April 16, 2013 12:35 pm
Kraft Foods’ (NASDAQ:KFRT) well-known Kool-Aid pitcher-man is changing with the times.
The animated figure was introduced in 1954, promoting the brand of sweet powdered drinks to kids. Since then, the figure has received a number of refreshes, the last in 2000, ABC News notes.
Computer-generated graphics have now refined the figure’s image. And he is getting a new voice. A mobile app will debut in June, allowing users to insert the Kool-Aid Man into their own photos and share them with friends.
A Kraft senior brand manager said changes to the pitcher man were meant to give him a more contemporary appearance.
Last year, popular restaurant chain Chuck E. Cheese , owned by CEC Entertainment‘s (NYSE:CEC), updated its iconic rodent mascot, giving him a slimmer look and an electric guitar.
Shares of Kraft Foods rose modestly in midday trading on Tuesday.
Source URL: http://investorplace.com/2013/04/kool-aid-icon-gets-modern-makeover/
Short URL: http://invstplc.com/1nxBKkA
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.