Red Bull Shoots Past Coke in Olympic Sponsorships
Posted on : 13-02-2010 | By : admin | In : business
Red Bull, the most popular variety of kiddie speed (at least until caffeinated beef jerky or caffeinated maple-bacon lollipops catch up), is besting Coca-Cola (KO) in Winter Olympics marketing.
Red Bull’s got the better sponsorships, including of Shaun White and Lindsey Vonn, “two of the top three athletes on Forbes‘ top-earning Winter Olympians list,” says Fast Company. “Coke’s athletes, including speed skater Apolo [sic] Ohno, aren’t exactly nobodies, but they’re definitely low-profile compared to superstars like White.”
Some observers pooh-pooh the winter games, noting the superior marketing juice of the Summer Olympics. Good point. I haven’t heard of any of the winter athletes mentioned by Fast Company. Granted, I don’t pay much attention to such things, but I surely have heard of Michael Phelps. “But,” Fast Company says, “Red Bull may wind up having that last laugh” because this year’s Winter Games might draw many more viewers than usual, thanks to the weak economy. Sunday’s Super Bowl drew a record-smashing number of viewers partly for the same reason—people are increasingly staying home to watch sports on TV.




