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Rio Games Sees Budget Increase By 25% In Wake Of Project Delays, New Transit Plans

04 / 18 / 14

Brazilian authorities "unveiled an infrastructure budget" of $10.76B for the 2016 Rio Olymipcs, which is 25% "more than planned, as they try to reassure the world they can deliver facilities on time," according to Pedro Fonseca of REUTERS. The budget "covers 27 projects in urban development and publ...

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Tags: Olympics, Brazil

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02/24/14
YouTube Completes Sochi Streaming

YouTube has finished streaming the Olympics live in 17 countries across Central and South America and offering video-on-demand services in 75 additional countries. The effort was one of the largest YouTube has undertaken for a Winter Games, said Claude Ruibal, YouTube’s global head of sports c ...

Tags: Olympics, Russia

02/24/14
Bach: Sochi Games Proved Critics Wrong

IOC President Thomas Bach on Sunday said that the Sochi Winter Games "set records in competitor numbers, medals awarded and quality of venues, keeping athletes happy and proving critics wrong," according to Karolos Grohmann of REUTERS. Bach said that "Russian government support and President Vladi ...

Tags: Olympics, Russia

02/24/14
S. Korea Prepares For Next Winter Games

As the Winter Olympics drew to a close in Russia, "the eyes of the sporting world turned to the South Korean town of PyeongChang, the host of the next Winter Games in 2018," according to YONHAP. The Olympic Flag was handed over from Sochi to PyeongChang during the closing ceremony at Fisht Olympic S ...

Tags: Olympics, Asia

02/24/14
Facebook, McMorris Lead Social Media

As the Sochi Games come to a close, Facebook has passed Instagram as the social network with the most interactions, with 60% of total fan interactions. In second was Instagram with 32%, followed by 8% for Twitter. In a new report by Hookit, 885 int'l athletes were tracked on social media for the tim ...

Tags: Olympics, Russia

02/24/14
Olympic Notes

Swedish hockey player Nicklas Backstrom "became the sixth athlete to test positive at the Winter Olympics." Austrian cross-country skier Johannes Duerr "was revealed on Sunday to have tested positive for blood-boosting drug EPO before the Games" ( BBC, 2/23 ). ... India has sought input from the I ...

Tags: Olympics

02/21/14
Latest Headlines From The Sochi Blog

SportsBusiness Daily/Journal have converted their  On The Ground blog into a comprehensive, daily website devoted to the Sochi Games and the business behind it. The site is free and runs through Monday, Feb. 24, the day after the Closing Ceremony. The site also can be accessed through the On T ...

Tags: Olympics, Russia

02/21/14
Canadian Olympic Movement Grows

Four years after Canada hosted the Vancouver Games, its Olympic committee is in the midst of transforming its business operations. Canadian Olympic Committee CEO Chris Overholt, who joined the organization in '11, has hired a new senior leadership ...

Tags: Olympics, Russia

02/21/14
Olympics Fuel Growth For Coke

The Sochi Games helped Coca-Cola achieve double-digit growth in Russia last year for its trademark Coca-Cola brand. The company has been using the Olympics to market its brand in Russia the last five years, and over that time it saw an increase in ...

Tags: Olympics, Russia

02/21/14
Who Will Pay When Sochi Games End?

Even before Sunday's Closing Ceremony at the Sochi Olympics, contractors and investors "are scrambling to make sure their books balance before President Vladimir Putin launches a face-saving audit of the Games," according to Elizabeth Piper of REUTERS. After "months of criticism" over the record-bre ...

Tags: Olympics, Russia

02/21/14
Ukraine Denies Olympic Team Exodus

The Ukrainian Olympic Committee on Thursday denied media reports "of an athlete exodus" from the Sochi Olympics "due to the violent clashes" on the streets of Kiev that have left a reported 28 people dead, according to R-SPORT. An Olympic Committee spokesperson said, "It’s not true. The whole ...

Tags: Olympics, Europe, Russia

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