By Graham Dunbar, Sports Writer
GENEVA (AP) --Budweiser will still be the official World Cup beer through the 2026 tournament in the United States, after brewer AB InBev renewed with FIFA on Thursday despite a troubled time with men's 2022 World Cup host Qatar.
Two days before the tournament began in Qatar, World Cup organizers withdrew a longstanding promise to let fans at stadiums buy beer with alcohol.
The move blindsided the brewer whose Budweiser brand has been the World Cup beer since the 1986 tournament.
FIFA seemed unable to protect AB InBev under pressure from Qatar in a dispute which seemed a potential breach of contract issue for soccer's world body. The conservative Muslim nation signed up to honor FIFA's commercial partners when it started bidding to be host in 2009.
Though sales of Budweiser dropped in stadiums, the global publicity over the dispute arguably boosted the brewer and left little doubt which brand was tied to the World Cup.
A renewal for the 2026 World Cup seemed a done deal even during the dispute in Doha. FIFA president Gianni Infantino said then that relations with AB InBev were good and handshakes had been exchanged before arriving in Qatar.
There was no mention of past problems Thursday in a FIFA statement confirming AB InBev would sponsor the Women's World Cup that kicks off next month in Australia and New Zealand, and the men's 2026 tournament which will be co-hosted by the U.S., Canada and Mexico and will increase to 104 games from 64.
"FIFA World Cup tournaments are the most popular sporting events in the world" AB InBev chief marketing officer Marcel Marcondes said. "We are deeply connected to the fans and to football all over the world, which is why we're excited about extending the relationship with FIFA."
The value of the renewal was not stated. The sponsorship was reported to be about $75 million for the previous World Cup.
Nintendo reports lower profits as demand drops for its aging Switch console
Nintendo, the Japanese video game maker behind the Super Mario franchise, said Tuesday that its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year since going on sale.
Kyoto-based Nintendo Co. reported a 108.7 billion yen ($715 million) profit for the April-September period, as sales slipped 34% from the previous year to 523 billion yen ($3.4 billion).
More than 74% of its sales revenue came from overseas, according to Nintendo, which didn't break down quarterly numbers.
Global Switch sales during the period dropped to 4.7 million machines from 6.8 million units the previous year.
But Nintendo said in a statement that Switch sales were still growing and vowed to stick to its goal of selling a Switch console to each and every individual, not just one Switch per every household.
Nintendo stuck to its earlier projection for a 300 billion yen ($2 billion) profit for the full fiscal year through March 2025, down nearly 29% from the previous fiscal year.
Annual sales were forecast to drop 23% to1.28 trillion yen ($8.4 billion).
It also lowered its Switch sales projection for the fiscal year to 12.5 million units from an earlier forecast to sell 13.5 million.
Nintendo and other game and toy makers rake in their biggest profits during the Christmas shopping season, as well as New Year's, a holiday celebrated with fanfare in Japan, when children receive cash gifts from grandparents and other relatives.
Nintendo has not yet announced details on a successor to the Switch.
Among its million-seller game software titles for the fiscal half were "Paper Mario RPG," which sold 1.95 million units since going on sale in May, and "Luigi Mansion 2... Read More