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  • GENERAL MOTORS PLAYS HARDBALL WITH OLYMPICS DEAL

         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).
    

    Print | Tags: NBC, Olympics
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