TOKYO — Olympic sponsor Panasonic is terminating its contract with the International Olympic Committee (IOC) at the end of the year, the company said in a statement on Tuesday.
TOKYO — Olympic sponsor Panasonic is terminating its contract with the International Olympic Committee at the end of the year, the company said in a statement on Tuesday. Panasonic is one of 15 companies that are so-called TOP sponsors for the IOC . It is not known the value of the Panasonic sponsorship, but sponsors contribute more than $2 billion in a four-year cycle to the IOC .In a statement, Panasonic said it became an IOC sponsor in 1987 and expanded to the Paralympics in 2014.
It included four Olympics beginning with the Pyeongchang 2018 Winter Games in South Korea and ran through the just-completed Paris Olympics and Paralympics.Reports in Japan suggest Toyota may keep its Paralympic Olympic sponsorship.The IOC TOP sponsors are: ABInBev, Airbnb, Alibaba, Allianz, Atos, Bridgestone, Coca-Cola, Deloitte, Intel, Omega, Panasonic, P&G, Samsung, Toyoto and Visa.
Panasonic To End Contract With IOC
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Romanian gymnast Barbosu to be awarded Chiles' Olympic floor bronze—IOCDefining the News
Read more »
Japan Embassy, DMW celebrate Philippines-Japan Friendship WeekIn celebration of the Philippines-Japan Friendship, the Embassy of Japan and the Department of Migrant Workers (DMW) co-hosted the Philippines-Japan Friendship Week at the DMW Central Office in Mandaluyong City.
Read more »
Track chief Coe says he will consider seeking IOC presidencyPARIS — Olympic running champion and insider Sebastian Coe said 'of course I'm going to consider this' Sunday when asked if he would think of putting his name forward to replace Thomas Bach as president of the International Olympic Committee (IOC).
Read more »
At Paris Olympics, cities and countries were discreetly making their case to host in 2036If historic waterway settings are the new must-have accessory for Olympic host cities, then Istanbul’s mayor wants the IOC to know his city has one.
Read more »
PBBM highlights advancement of Philippine sports following athletes' historic Olympic featDefining the News
Read more »
Obiena: Recent Olympic performances a 'golden era' in PH sportsTwo-time Olympian pole vaulter Ernest John 'EJ' Obiena said the Philippine team's performances in recent Olympic Games in Tokyo and Paris are a 'golden era' in the country's sporting history.
Read more »