Adidas Expands Partnership With Kanye Trump Denies Inviting Tyson To Convention Michael Bidwill Bullish On Digital Distribution Public Service To Honor Pat Summitt Sabres Move Exhibition To Penn State Weather Delays Blue Jays-Rockies Game Experience Partners With Blue Jays Frontier To Sponsor Buccaneers Significant Soccer Friendly For OKC
In an interview with BRANDWEEK, GM North American Marketing and Advertising head Phil Guarascio said that the company is close on a '96 summer Olympics sponsorhip deal, but have been unable to come up with a mutually agreed price. According to sports marketing sources, GM offered $5M for the domestic auto sponsorhip, though ACOP had been asking $8M to $10M for its "second tier 'supplier' rights package." Guarascio feels that his bid is a fair one because the Olympics are "occuring during a typically slow sales period for the auto category." And since GM has already paid around $50M for an ad package on NBC's Olympic broadcast, he wants prices set "accordingly." Guarascio: "In the future we will not see one price per category. If you're sponsoring a ski event it might be worth $100,000 for Solomon Skis, but maybe only $20,000 for, say, Ray-Bans" (Eric Hollreiser, BRANDWEEK, 1/9 issue).