Executive Transactions Sunoco Debuts "Essence Of Racing" Campaign Isiah Thomas Expected Backlash Over Hiring FanDuel Brings On Most Of Zynga Sports Team Georgia Approves Increased Athletic Budget Kentucky Adding Ribbon Boards At Rupp IndyCar Ponders How To Attract Fans Long Term Jeff Gordon Hired As Full-Time Analyst For Fox Danica's Sponsorship Status To Be Telling For NASCAR Classified Advertisements
Coca-Cola plans to leverage its more than $100M in Olympic media and sponsorship outlays in '96 with a variety of big events, including the creation of a Coca-Cola Olympic City in Atlanta. A Coca-Cola spokesperson said that the park will feature attractions enabling visitors to participate vicariously in the Games: "We are considering it. But we have made no commitments." Executives familiar with the theme park plan said Coca-Cola hopes to make it not just a promotional event, but a genuine business, charging an admission price of $25 per person. With projections of 10,000 and 15,000 attendees daily, executives believe the Olympic City could make as much as $375,000 daily -- or about $6.4M during the 17 days of the Summer Games (Joe Mandese, AD AGE, 10/17 issue).
Eastman Kodak has become the first int'l sponsor of the '98 Winter Games in Nagano, Japan, making them the "Official Imaging Sponsor of the Games." As a sponsor, Kodak will "provide products and services designed to meet a variety of imaging needs," including processing rolls of film, the production of prints for photojournalists, and "digitally" transmitting images all over the world. Kodak CEO George Fisher: "We are very pleased to be the first international sponsor of the Nagano Games" (Kodak)
With 21 months to go before the 1996 Olympic Games, NBC has sold virtually all of the official sponsorship positions available on its 17 days of media coverage. Media buyers estimate NBC is way ahead of schedule, racking up more than $300M toward its goal of $600M in '96 Olympic revenues. NBC now must convince non-Olympic sponsors to purchase spots, which typically run at $400,000 for a 30-second prime-time spot. An agency media executive representing a number of Olympics-related clients said that the sale of the final 20% of spots will be difficult: "And that $120 million is where NBC's profits will be" (Joe Mandese, AD AGE, 10/17 issue).
Reebok signed an estimated $25M deal with NBC to be the exclusive athletic shoe advertiser on NBC's '96 Summer Olympic broadcast. Reebok has yet to sign on as a national sponsor of the Atlanta Games, but, according to Reebok spokesperson Dave Fogelson, negotiations are continuing with ACOG and the USOC. Nike sponsors the U.S. Track & Field team. Reebok joins Coke, Anheuser-Busch, GM and McDonalds as NBC sponsors (Melissa Turner, ATLANTA CONSTITUTION, 10/18). Reebok was an official broadcast sponsor of NBC's coverage of the '88 and '92 Summer Games (REEBOK).