Number Of Americans Attending Rio Games Plummets IOC To Rethink Global Antidoping Efforts Rio Mayor Rallies Confidence In City's Ability To Host Games Calgary Exploring Bid For '26 Games IOC Backs Ban Of Russian Track Team NBC Airing USA Gymnastics Training Center Doc Olympics Officials Reveal Medal Designs Rome '24 Appoints Ketchum For Global PR Cup Final Viewership Lowest Since '12 NBC Draws Lowest Cup Game 6 Since '06
GENERAL MOTORS PLAYS HARDBALL WITH OLYMPICS DEAL
Published January 9, 1995
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).