Tokyo 2020 Olympics officials claimed to manage over $1B in TV ads revenue. As we know that it is still a few months away from the moment of truth, there’s no sign of stopping the revenue for this event. Of course, it is not exaggerating to say that the Olympics in Japan is possibly breaking the records of 2016 Rio event.
And for the element of surprise, the tickets are not going to be cheap for commoners. The Tokyo Olympic Tickets for domestic customers can cost around $60,00. But if you live outside Japan, the fee can come with 20 percent surcharge.
The NBCUniversal itself reported that its ad revenues of $1.2 billion for the 2016 Rio Summer Games is still holding the record. But it is only a matter of time until the record is broken. Tokyo this summer is not a small deal. With such the greater hype revolving around the big fans of sport, the organizers of Tokyo Olympics 2020 can be much greater ads earners in this century event.
As a matter of Fact, the Tokyo Games itself has already earned double-digit percentage gain in the TV ads revenue. There are tons of new processes and developments which contribute to the rapid growth of the ads world.
Also Read: Tokyo Olympics 2020 TV Coverage & Guide
The NBC Sports Group representative also claimed that roughly half of the advertisers for the upcoming event are newcomers from various industrial niches from technology, retail, financial institutions, to pharmaceutical services. It is a solid proof that the economy growth and increasing fans enthusiasm holds very important roles in the vibe and hype of the upcoming Tokyo Olympics 2020 event.
This fantastic number was starting when NBCUniversal started selling their ads spots in June. Of course, it is far earlier than before. But Lovinger, the representative of the channel claimed that putting the ad sales ahead of schedule was not wrong at all.
For the first time in the NBC Network history, the channel is selling the ads which targets the major demographics. Not to mention that the advertising deals between the respective channel and Olympic officials has changed too. It is also one of the most significant factors to contribute to the insane sales of the ads.
The TV sports event receives such higher loads of demands from advertisers compared to previous Olympics Games. It is of course benefiting all of the parties involved. In fact, many advertisers who have never taken the participation before putting their feet on this festivity too.
News Source: Fox Business