Move over, Bud Light—there’s a new champ at the tap. Michelob Ultra has officially ... but the brand’s golden days as the unchallenged leader may be in the rearview mirror.

Bud Light's ad features Post Malone, Peyton Manning, and Shane Gillis, while Coors Light went the other direction and designed its commercial around human-sized sloths. Michelob Ultra is staying ...