MLBAM, NBC RSNs Reach Streaming Deal Bell, Zenkel Among NBC Sports Promotions L.A. City Council Signs MOU With LA 2024 LA 2024 Envisions Using Two Stadiums For Cermonies IOC Says No Deadline On NHL/Oly Participation USOC Will Not Host '28 If L.A. Loses '24 Bid Study Shows '24 Games Would Give L.A. $11.2B Boost NFL Wild Card Weekend Down From '16 Afternoons, "SNF," "MNF" All Down For NFL Nick Symmonds To Retire From Track & Field
Upcoming Conferences and Events
May 31 - Jun 1
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).