The Fort Worth Press - Expect more product placement at Olympics, says IOC

USD -
AED 3.67298
AFN 68.986845
ALL 88.969965
AMD 387.269904
ANG 1.802796
AOA 928.498151
ARS 962.715602
AUD 1.467567
AWG 1.8
AZN 1.690641
BAM 1.753208
BBD 2.019712
BDT 119.536912
BGN 1.757025
BHD 0.376868
BIF 2899.760213
BMD 1
BND 1.29254
BOB 6.912131
BRL 5.424802
BSD 1.000309
BTN 83.60415
BWP 13.223133
BYN 3.273617
BYR 19600
BZD 2.01627
CAD 1.356615
CDF 2870.999439
CHF 0.849701
CLF 0.033745
CLP 931.129729
CNY 7.055102
CNH 7.053525
COP 4162.81
CRC 519.014858
CUC 1
CUP 26.5
CVE 98.841848
CZK 22.459602
DJF 178.123389
DKK 6.68035
DOP 60.041863
DZD 132.295347
EGP 48.529501
ERN 15
ETB 116.075477
EUR 0.895603
FJD 2.200302
FKP 0.761559
GBP 0.75146
GEL 2.729858
GGP 0.761559
GHS 15.725523
GIP 0.761559
GMD 68.490697
GNF 8642.218776
GTQ 7.732543
GYD 209.255317
HKD 7.79346
HNL 24.813658
HRK 6.799011
HTG 131.985747
HUF 352.559908
IDR 15165.7
ILS 3.767925
IMP 0.761559
INR 83.54165
IQD 1310.379139
IRR 42092.533829
ISK 136.389815
JEP 0.761559
JMD 157.159441
JOD 0.708699
JPY 144.245499
KES 129.020153
KGS 84.238498
KHR 4062.551824
KMF 441.349989
KPW 899.999433
KRW 1336.334982
KWD 0.30504
KYD 0.833584
KZT 479.582278
LAK 22088.160814
LBP 89576.048226
LKR 305.193379
LRD 200.058266
LSL 17.560833
LTL 2.95274
LVL 0.60489
LYD 4.750272
MAD 9.699735
MDL 17.455145
MGA 4524.124331
MKD 55.221212
MMK 3247.960992
MNT 3397.999955
MOP 8.029402
MRU 39.752767
MUR 45.879795
MVR 15.360331
MWK 1734.35224
MXN 19.35195
MYR 4.204986
MZN 63.849948
NAD 17.560676
NGN 1639.450294
NIO 36.81526
NOK 10.507885
NPR 133.76929
NZD 1.604583
OMR 0.384951
PAB 1.000291
PEN 3.749294
PGK 3.91568
PHP 55.662978
PKR 277.935915
PLN 3.82885
PYG 7804.187153
QAR 3.646884
RON 4.454898
RSD 104.853299
RUB 92.775837
RWF 1348.488855
SAR 3.752611
SBD 8.306937
SCR 13.62004
SDG 601.507153
SEK 10.19298
SGD 1.291935
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 571.648835
SRD 29.852985
STD 20697.981008
SVC 8.752476
SYP 2512.529936
SZL 17.567198
THB 33.026945
TJS 10.633082
TMT 3.5
TND 3.030958
TOP 2.342095
TRY 34.109425
TTD 6.803666
TWD 31.999763
TZS 2728.701997
UAH 41.346732
UGX 3705.911619
UYU 41.33313
UZS 12729.090005
VEF 3622552.534434
VES 36.762465
VND 24605
VUV 118.722009
WST 2.797463
XAF 587.999014
XAG 0.031897
XAU 0.000382
XCD 2.70255
XDR 0.741335
XOF 588.001649
XPF 106.906428
YER 250.324992
ZAR 17.524735
ZMK 9001.209021
ZMW 26.482307
ZWL 321.999592
  • RBGPF

    60.5000

    60.5

    +100%

  • CMSC

    0.0650

    25.12

    +0.26%

  • RYCEF

    -0.0200

    6.93

    -0.29%

  • VOD

    -0.1700

    10.06

    -1.69%

  • NGG

    -1.2200

    68.83

    -1.77%

  • RIO

    2.2700

    65.18

    +3.48%

  • BP

    0.3300

    32.76

    +1.01%

  • GSK

    -0.8100

    41.62

    -1.95%

  • BTI

    -0.3100

    37.57

    -0.83%

  • SCS

    -0.8000

    13.31

    -6.01%

  • RELX

    0.7600

    48.13

    +1.58%

  • CMSD

    0.0300

    25.01

    +0.12%

  • AZN

    0.3200

    78.9

    +0.41%

  • BCC

    7.6300

    144.69

    +5.27%

  • JRI

    -0.0400

    13.4

    -0.3%

  • BCE

    -0.4200

    35.19

    -1.19%

Expect more product placement at Olympics, says IOC
Expect more product placement at Olympics, says IOC / Photo: © AFP

Expect more product placement at Olympics, says IOC

The Olympics is set to feature more and more high-profile product placement in a major departure from the past when brands were kept away from the sport, the International Olympic Committee (IOC) said Wednesday.

Text size:

The Paris Olympics, which wrap up on Sunday, have been notable for the prominent branding opportunities given to French luxury giant LVMH and phone maker Samsung.

"It's really the direction we want to go in," Anne-Sophie Voumard, managing director for television and marketing at the IOC, told reporters on Wednesday.

"We want to remain very, very unique in the sense that we are a property where there is no (advertising) visibility on the field of play.

"But we want to work with our partners to enable them to integrate their products in the most organic way into the delivery of the Games... It's a conscious and desired direction and we will have changes in the next Games in this area," she added.

The IOC has long had a lucrative corporate sponsorship programme with brands such as Toyota, Coca-Cola and Visa.

But no advertising has been allowed on sports fields or at venues, depriving the Switzerland-based IOC of extra revenue.

During the July 26-August 11 Paris Olympics, LVMH-owned Louis Vuitton is highly visible during the podium presentations when trays with its branding are used to carry the medals.

The company's logo and trunks also featured during the opening ceremony, including in a lengthy video segment.

In another innovation in Paris, a Samsung flip phone is carried to winning athletes as they stand on the podium so that they can take a selfie.

"Athletes are not allowed to bring personal belongings or phones onto the field of play," Voumard explained. "By partnering with Samsung, we're able to capture that very unique moment for them."

Coca-Cola also succeeded in placing golden bottles with some athletes during the July 26 opening ceremony along the River Seine.

Michael Payne, a former head of IOC marketing, told AFP last week that the IOC would face a delicate balancing act in finding opportunities for its sponsors, as well as those that team up with host cities.

"The direction of stylish sponsor product placement may not be wrong but needs exceptionally careful management," he told AFP.

He said LVMH "got a massive free global ad" during the opening ceremony and "other partners are all going to be asking, how did that work?"

Voumard added that the IOC was still searching for its first premium sponsor from India.

"We would love to welcome a first new top sponsor from India. I'm sure that this is going to happen very soon," she said.

S.Weaver--TFWP