Capitalizing on Culture: Are the Olympics Of the People or Of the Sponsors?July 26, 2012 With the 2012 Olympic Games mere days away, the lead up to them has been watched in the media and perhaps one of the most talked about story has been the debate over the business of Olympic Games trademark and sponsorship. Global sponsors like McDonald's, Visa and Coca-Cola pay $100 million each for the right to be official global sponsors of the Games, reports National Public Radio. The International Olympic Committee (IOC) raises $1.1 billion in sponsorship, its second largest revenue source behind broadcast rights, reports Bloomberg Businessweek. With these sponsorship revenue opportunities obviously comes enforcement of copyright protection to maintain the sponsors' exclusivity in use. Stories of cited infringement have appeared in the news, with culprits ranging from a butcher shop to lingerie store to little old lady knitting for charity.It all raises the fundamental question: how far can we go as marketers to capitalize on a world-wide cultural event?Where is or where should the line be drawn between citizens celebrating their cultural pride in a world event and copyright infringement?
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