No doubt in that, Olympics provided a lifetime opportunity not only for athletes, but also for marketers. Over the past four years, the marketing topography has changed dramatically due to advance in technologies, strategies and understanding. For marketers, keeping up with these changes has been the easy part, developing strategies that effectively influence demographics without running into rule 40 restrictions is the challenge.
Rule 40 Update
In recent times, the International Olympic Comity (IOC) swore by rule 40, however brands and athletes alike protested heavily against the regulations, arguing that they were deprived of commercial attention and income during their most marketable moments. In response to this, the IOC decided to let its hair down, essentially opening its doors to non-official sponsors so they too can benefit from their ties to the much-awaited event of the year.
Athletes are now able to appear in ‘generic’ advertising campaigns that do not use any Olympics intellectual property. However to take advantage, athletes and sponsors needed to submit waivers to the USOC by January, with the ads being in marketing by March.
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