The business of Olympic souvenirs is a lucrative industry that capitalizes on the excitement and prestige of the games. In a recent video by France 24 English, hosts Genie Godula and discuss the licensing and merchandising behind the Olympics.
The video delves into the various types of souvenirs available, from the ultimate symbol of achievement – a medal – to coins and collector pins. These items not only serve as mementos for spectators and fans, but also play a crucial role in generating revenue for the Olympics.
The licensing and merchandising of Olympic souvenirs involves a complex system of agreements between the International Olympic Committee, host cities, and official sponsors. These partnerships ensure that the quality and authenticity of the souvenirs are upheld, while also providing a platform for exposure and promotion.
Through the sale of licensed merchandise, the Olympics are able to fund various aspects of the games, from infrastructure and security to athlete support and development programs. This symbiotic relationship between merchandising and the Olympics not only enriches the experience for fans, but also contributes to the sustainability and success of the games.
Overall, the video provides a fascinating insight into the world of Olympic souvenirs and the intricate business behind them. As fans eagerly await the next edition of the games, they can rest assured that there will be no shortage of memorabilia to commemorate the event.
Watch the video by FRANCE 24 English
Video “Licensing the Olympics • FRANCE 24 English” was uploaded on 07/23/2024 to Youtube Channel FRANCE 24 English
Capitalism at its best . IOC exists to milk its most cherished cash cow in the name of nationalism . Faster,higher,further merchandise!