Formula One

Austin Gains $191 Million From U.S. Grand Prix

Sebastian Vettel (1) does his best to hold of eventual winner Lewis Hamilton during the United States Grand Prix. (Steve Etherington Photo)

AUSTIN, Texas – The city of Austin, Texas gained global media coverage worth $191.2 million from hosting the 2012 United States Grand Prix, according to new research by Formula One industry monitor Formula Money.

This comprised $166.7 million in exposure generated verbally and visually through television broadcasts and a further $24.4m through mentions of Austin and Formula One in print and major online media.

The event also generated a high level of exposure for the other brands involved in Formula One. The 162 brands displayed on cars and trackside hoardings during the race gained exposure with an advertising value equivalent of $150.9 million. This total ranks the United States GP as the best race of 2012 in terms of brand exposure, giving F-1’s sponsors bigger benefits than famous events such as the Monaco, British and Italian Grands Prix.

Two thirds of this exposure, $100.2m, was experienced by the sponsors of F-1’s teams, meaning that the race was a big benefit to the sport’s competitors. Trackside advertisers benefited from exposure worth $49.8 million, despite the Grand Prix having no race title sponsor to share in this coverage.

Posted by on Mar 14 2013 Filed under Formula One, Latest Headlines, Top Stories. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Stay Connected!

Join our mailing list to receive the Daily News Update, Special Offers from NSSN or our trusted partners, or BOTH! You can opt-out anytime and we promise not to spam you!
Email:

Please Support NSSN’s Sponsors




Follow NSSN On Facebook!