A day before the Olympics kick off in Beijing, NBC Universal announced it has garnered more than $1 billion in advertising revenue for the event for which it spent $894 million to acquire the U.S. broadcast and digital rights.
The network is planning 3,600 hours of TV and Internet coverage of the 17-day event, which begins with the opening ceremony Friday.
NBC says it has made significant profits from the Olympics since the 1996 Summer Games in Atlanta.
The network has owned the U.S. broadcast rights for every Games since then, except for the 1998 Winter Games in Nagano, Japan, which were bought by CBS for $375 million.
NBC spent a total of $2 billion for the rights to the 2010 Winter Games in Vancouver and the 2012 Summer Games in London.
Ron Cicero and Bo Clancey Launch Production House 34North
Executive producers Ron Cicero and Bo Clancey have teamed to launch 34North. The shop opens with a roster which includes accomplished directors Jan Wentz, Ben Nakamura Whitehouse and Mario Feil, as well as such up-and-coming filmmakers as Glenn Stewart and Chris Fowles.
Nakamura Whitehouse, Feil and Fowles come over from CoMPANY Films, the production company for which Cicero served as an EP for the past nearly five years.
Director Wentz had most recently been with production house Skunk while Stewart now gains his first U.S. representation.
EP Clancey was freelance producing prior to the formation of 34North. He and Cicero have known each other for some 25 years, recently reconnecting on a job directed by Fowles. Cicero said that he and Clancey “want to keep a highly focused roster where talent management can be one on one--where we all share in the directors’ success together.”
Clancey also brings an agency pedigree to the new venture. “I started at Campbell Ewald in accounts, no less,” said Clancey. “I saw firsthand how much work agencies put in before we even see a script. You have to respect that investment. These agency experiences really shaped my approach to production--it’s about empathy, listening between the lines, and ultimately making the process seamless.”
34North represents a meeting point--both literally and creatively. Named after the latitude of Malibu, Calif., where the idea for the company was born, it also embraces the power of storytelling. “34North118West was the first GPS-enabled narrative,” Cicero explained. “That blend of art and technology, to captivate an audience, mirrors what we do here--create compelling work, with talented people, harnessing state-of-the-art... Read More