SB Advertisers Could Take More Measured Approach Yonex Begins Fines For Smashing Racquets Nike Shifts Approach To Sponsorship As NBA Evolves Mickelson Debuts Personal Logo On Apparel Costco-Branded Golf Balls A Hot Seller Falcons, Pats Sponsors Make Final Activation Push SHR Yet To Announce Anchor Sponsor For Bowyer Marketplace Roundup Target Makes Push Into Soccer With MLS Alibaba, IOC Reach 12-Year TOP Sponsorship
SBD/August 28, 2014/Marketing and Sponsorship
Comcast, NASCAR To Announce 10-Year Deal Next Week For Xfinity To Title No. 2 Series
Published August 28, 2014
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
FOOTPRINT KEY TO THE DEAL: The company’s ability to make the deal work will depend on the size of Xfinity’s national footprint. Xfinity currently operates in 40 states and provides cable and broadband services in several U.S. cities with NASCAR tracks nearby: Atlanta, Miami, Chicago and Detroit. But Comcast is waiting for regulatory approval of a $45B merger with Time Warner Cable, and that merger would expand Xfinity’s footprint into traditional NASCAR areas such as Texas and the Carolinas. NASCAR Chief Sales Officer Jim O’Connell spearheaded the sale. Comcast Senior Dir of Sports Brand Strategy Matt Lederer and Senior VP/Marketing Communications Peter Intermaggio led Xfinity’s negotiations. GMR Marketing serves as Xfinity’s sponsorship consulting and activation agency.