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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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02/19/14
Sochi A Big Topic On Social Networks

With Facebook and Twitter leading the way, both fans and athletes of the Sochi 2014 Olympic Winter Games are making an impression on social media platforms across the globe. Facebook and Twitter are at the forefront of social media activity when it ...

Tags: Olympics, Russia

02/19/14
Dow Pushes Products For Customers

Dow’s Veronika Irkha craned her head back and gazed upward at the white beams climbing from the ground to the roof line of the Bolshoy Ice Dome in the Olympic Park. “Whenever I come in it’s, ‘Wow,’” the Russian chemist-turned-Olympic marketer said. “The whol ...

Tags: Olympics, Russia

02/19/14
IOC Looks At Skateboarding, BMX

Energized by the additions of slopestyle and freeskiing to the Winter Games program, the IOC is weighing the addition of skateboarding and BMX halfpipe and park to the Summer Olympic program for the 2020 Tokyo Games. IOC Sports Dir Christophe Dubi said he expects the IOC to recognize the Int'l Skate ...

Tags: Olympics, Russia, Japan

02/19/14
Sochi Hotels Problems Realized Too Late

The IOC's chief coordinator for the Sochi Olympics said Monday the organization sounded a "red alert" in September because delays in hotel construction "were posing a serious threat to the event," according to Futterman & White of the WALL STREET JOURNAL. IOC Chief Supervisor of the 2014 Olympic ...

Tags: Olympics, Russia

02/19/14
IOC Could Add Anti-Discrimination Clause

Future Olympic bidders "may have to abide by a specific anti-discrimination rule modelled on the Olympic Charter's Principle 6 if they are to be awarded the Games," according to Karolos Grohmann of REUTERS. Principle 6 said sport "does not discriminate on any grounds, including race, religion, polit ...

Tags: Olympics

02/18/14
IOC Reprices TOP Deals At $200M

The IOC has set a new price point for TOP sponsorships, nearly doubling the cost of four-year global sponsorships from $100M to $200M. Panasonic last week became the first TOP partner to sign an agreement beyond '20. Sources familiar with the deal said the eight-year sponsorship, which runs from '17 ...

Tags: Olympics

02/18/14
Organizers: Injuries Not Weather Related

After a spate of injuries over the last few days, Sochi Olympics organizers "have denied that the alpine conditions caused by warm weather in the first week of the Games were to blame," according to Nick Miller of the SYDNEY MORNING HERALD. In the worst injury of the Games, Russian freestyle skier ...

Tags: Olympics, Russia

02/18/14
Olympic Notes

The Olympic victory of a South Korean speed skater competing for Russia "has triggered outrage in South Korea, where the government announced an inquiry into the national skating body on Monday." The website of the Korean Skating Union crashed on Sunday "under the volume of furious messages blaming ...

Tags: Olympics

02/17/14
BMW Pushes U.S. Bobsled Team

The U.S. men’s bobsled team hasn’t won a Gold Medal in the two-man competition in close to 80 years, but with some help from sponsor BMW, they’re expected to be in contention in Sochi. BMW has pulled off one of the most effective sponsor integrations at the Sochi Winter Games. Its ...

Tags: Olympics, Russia, Europe

02/17/14
Samsung Unleashes WOW Factor

More than 400,000 people around the world have downloaded Samsung’s Olympic WOW app for the Sochi Games. The app is the first Olympic application the longtime global Olympic sponsor has made for Android phones, and it’s attracting more than 145,000 visitors per day. Samsung spokesperson ...

Tags: Olympics, Russia

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