Locog to open Olympic outdoor auction to non-sponsors
Outdoor advertising sites near the Olympic Park are to be sold to non-sponsors, marking a shift from previous rules.
This will allow brands from categories such as film, theatre and tourist boards to advertise near the Games' venues.
Originally, only official sponsors of the London 2012 Olympic and Paralympic Games were allowed to advertise on outdoor media close to the Olympic Park, but this has been expanded to include some other sectors.
Outdoor media in the "vicinity" of the Olympic Park can now be sold to film companies, theatres, music labels, book publishers, colleges, tourist boards and other organising committees, such as that for the Rio 2016 Olympic and Paralympic Games.
As part of the bid for London 2012, outdoor media owners agreed to sell their inventory to sponsors only, and an online auction took place last year.
At the time, media industry sources suggested that less than half the outdoor sites available during the London 2012 Games were bought by official sponsors. It was estimated that £31m out of £72m worth of inventory had been snapped up.
A spokesman for London 2012 organisers Locog said: "Our process to sell outdoor advertising sites ended last year and, with some vicinity sites still remaining, these can now be sold on to non-sponsors in certain sectors.
"We are working on guidelines for this, which will be available shortly."
Sources close to outdoor media owners stressed the majority of "vicinity" sites have been sold to sponsors and only a limited amount of inventory remains available.
This article was first published on marketingmagazine.co.uk
- Campaign Marketing Manager EMAP Competitive + Bonus, London (Greater) / London (East), London (Greater)
- Exhibition Designers WRG Live Competitive salary and benefits package dependant upon experience, Manchester, Greater Manchester
- Producer WRG Live Competitve salary and benefits package dependent upon experience, London (Central), London (Greater) / Manchester, Greater Manchester
- Content Manager WRG Live Competitive salary and benefits package, Manchester, Greater Manchester
- Senior Account Manager Source £35000 - £38000 per annum, London
- Martin Sorrell earns 780 times more than average WPP employee
- 3 top tips on how to save an epic social media fail
- Lake Capital rejects demands of Engine's rebel shareholders
- Head lice-killing mousse launches in the UK with cartoon campaign
- Facebook's 'Buy' button: a leap too far?
- Beiersdorf postpones review after MAA criticisms of procedure