Priciest ever Super Bowl ads sell out
CBS finds plenty of buyers at an average price of $3.7 million to $3.8 million -- a 10% jump from last year.
The Super Bowl has never been a cheap place to advertise, but this year it's setting a record. Even at the game's highest rates ever, CBS has sold out of commercial time.
That's a 10% bump from last year's average rate of $3.44 million, according to data from Nielsen.
By comparison, prime-time television's priciest advertising time is a relative bargain: about $545,000 for 30 seconds of time on "Sunday Night Football," according to Advertising Age. The most expensive non-sports show in primetime is "American Idol," which fetches about $340,000 per 30-second spot.
So who's shelling out the big bucks to get in front of Super Bowl viewers?
This year's game will feature commercials from returning advertisers, such as GoDaddy and Coca-Cola (KO). One big brand -- Anheuser-Busch (BUD) -- plans to use game to introduce a new beer, Budweiser Black Crown, to viewers.
Super Bowl commercial time has crept up in price since the 1960s, when marketers could get in front of viewers for under $80,000. Yet it's not always been a steady climb: The game's ad price stalled out at an average of $2.2 million per spot from 2000-2002, when the advertising industry was in a tailspin following the dot-com bust.
The so-called dot-com Super Bowl of 2000 proved that buying airtime in the game doesn't always translate into success. While 19 online start-ups bought into the game that year, many of them, such as Pets.com, didn't exist a decade later.
Yet for marketers like SodaStream (SODA), which want to get their established brands in front of more consumers, the Super Bowl might just be the ticket.
"We expect that our current campaign, of which the Super Bowl is an important part, will help lead to more sales of our soda makers, which in turn lead to sales of our flavors, CO2 refills and bottles," wrote SodaStream spokesman in an email to MSN Money Now.
While ratings will be influenced by the appeal of the teams who make it to the Super Bowl, the marketers can point to the game's historical viewership as a reason for spending more. The game last year was watched by a record 111.3 million viewers, and marked the seventh year in a row that the Super Bowl gained viewers, according to Nielsen.
More on Money Now
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
More than 70 percent of the Class of 2012 took out loans. Oh, and they're seeing high unemployment, too.
- Wall Street finally notices Bitcoin
- Part-time workers hurt by on-call system
- 5 myths about late payments and your FICO scores
- Auto loan interest rates hit record low
- Should the US scrap the debt ceiling?
- Will new mortgage rules mean fewer lenders?
- Why GM, Chrysler are riding high
- Survey: Dashboard lights fail to send right message
- Can you opt out of Medicare?
[BRIEFING.COM] The drive for five continued today and it was a success. For the fifth straight session, the S&P 500 ended lower. Like the previous four sessions, though, the losses were fairly modest in scope. The S&P 500 declined 0.4%, bringing its total loss for the five sessions to 22 points or 1.2%. All in all, that still qualifies as a pretty tame slide considering the S&P 500 had risen 150 points, or 9.1%, over the previous eight weeks.
Today's ... More
More Market News
The retailer labels the character's fake memoir as non-fiction. This comes weeks after it categorized the the Bible as fiction.