Citi Signs Deal With NBC, USOC As '12 Games Advertiser/Sponsor
NBC and the USOC have signed Citi as an official advertiser and sponsor for the '12 London Games. Sources valued the media-driven deal at $30M. The bank will be the official bank partner of the network and the '12 U.S. Olympic team. Citi plans to use the partnership to promote its 200th anniversary next year. Its rights include retail, corporate, commercial and investment banking.
The deal is the second of three NBC and the USOC hope to cut in the banking category. The parties recently signed TD Ameritrade as an official online brokerage. They are working to find a wealth management partner as well. This is the first time NBC and the USOC have partnered to sell an integrated package that includes media and marketing rights, and USOC officials are encouraged by the results of the collaboration.