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Brands rush to tie up with Olympics
With Indians ready to embrace sports other than cricket, companies are rushing to sign up and run promotions for the 2012 London Olympics.
ESPN Star Sports, the official broadcaster of the 2012 Olympics in India, is targeting revenue of Rs 45-50 crore (Rs 400-500 million), according to media buyers.
During the 2008 Beijing Olympics, state-owned Doordarshan had made Rs 6-7 crore (Rs 60-60 million) from advertising. ESPN has roped in eight sponsors, including Tata DoCoMo and Airtel Digital TV.
It is also in talks with Hero MotoCorp and Samsung, among others, while advanced negotiations are also underway with several other advertisers.
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Brands rush to tie up with Olympics
It has raised Rs 6-7 crore (Rs 60-70 million) from co-presenting sponsors and Rs 4.5-5.5 crore (Rs 45-55 million) from associate sponsors, according to a senior executive at a media buying agency.
An ESPN Star Sports spokesperson declined to comment on the details. ESPN Star Sports plans to customise the Olympics feed.
"We will showcase the live broadcast of the Olympics on three networks in India - ESPN, STAR Sports and ESPN HD. ESPN would showcase sports featuring Indian athletes, as well as sports that are popular in India such as hockey.
"Star Sports would focus its coverage on top international athletes, while ESPN HD would showcase the best action from the games in stunning high definition," said Rathindra Basu, Senior Director (business development), corporate communication and event management group.
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Brands rush to tie up with Olympics
"The interest level for the London Olympics is expected to be high, as many Indian athletes across disciplines have qualified for the event," said Hitesh Gossain, business head, Percept Talent, and Senior Vice-President (strategy and business development), Percept Ltd.
Percept manages endorsements for athletes Vijender Singh, Sushil Kumar, Shiva Thapa, Manoj Kumar, Sumit Sanghwan and Devendro Singh.
Samsung is going all out during the Olympics this year. While globally, it is the wireless communications sponsor (S3 is the official smartphone of the 2012 London Olympics), it is sponsoring the Indian contingent to the Olympics.
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Brands rush to tie up with Olympics
It is also offering Samsung Olympic Ratna scholarships to eight athletes. In February, Amul had also jumped on the Olympics bandwagon as the second sponsor for the Indian contingent.
Most promotions have begun well in advance. ESPN Star Sports has been carrying out programming on the event for the last three months.
In March, Coca-Cola, a sponsor of the Olympics this year, ran a promo for its carbonated beverages portfolio, inviting consumers to buy the companies products and participate in a lucky draw, said company officials.
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Brands rush to tie up with Olympics
As many as 50 winners from the draw would be sent to London for the Olympics.
Procter & Gamble's 'Thank You Mom' campaign, which began in April and would continue till the end of the Olympics, urges consumers to buy the company's products, saying a portion of the sales would be devoted to youth sports programmes.
