The company has already roped in big brands like Nokia India, Idea Cellular and United Spirits as joint presenting sponsors. (Agencies)
According to industry sources, the company is charging about Rs 1.8 lakh to Rs 2.5 lakh for a ten-second ad spot and could earn close to about Rs 100 crore from on-air and on-ground advertisements.
The T20 World Cup will, however, attract a premium that would range between Rs 3.5 lakh to Rs 4 lakh for ten seconds.
“The Asia Cup is happening close to the T20 World Cup (WC) in Bangladesh. While the T20WC is a much bigger event, the Asia Cup is still a good option for advertisers who are looking for efficiency through association with cricket as the entry level cost is lower," ZenithOptimedia Managing Partner Navin Khemka said.
When contacted, Star India Head of Sports Business Nitin Kukreja said, "We have already sold 90 percent of the available on-air inventory. Big brands like Nokia India, Idea Cellular and United Spirits have come on board as the Joint Presenting Sponsors."
Tata Motors, Birla Sunlife Insurance and Perfetti India are the associate sponsors. There are multiple spot buyers as well, he added.
Commenting on advertiser response, Kukreja said, "We are delighted with the traction that Asia Cup 2014 has been able to generate with the advertisers."
The on-ground sponsors of the tournament, which will be played from February 25 to March 8, include Arise India as title sponsor. Other ground sponsors include Cycle Pure Agarbathies, Daikin, Savsol Lubricants and Peps Mattress.
The T20 World Cup will be played from March 16 to April 6 in Bangladesh.
The company has already roped in big brands like Nokia India, Idea Cellular and United Spirits as joint presenting sponsors.