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.
A basic income policy can actually ensure a decent standard of living for everyone.
- People left $500,000 in coins at airports last year
- How your driving can affect your credit
- Obamacare projected to cost hundreds of billions less
- November jobs report: Winners and losers
- Student loan debt climbs for 5th year in a row
- 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
[BRIEFING.COM] A solid November employment report translated into a solid day of gains for the major averages. While there was some talk that the encouraging job growth raised the odds of the Fed announcing a tapering at its December meeting, the message of the markets today was either that it didn't believe there would be a tapering this month or that it doesn't fear a tapering this month.
It was just one day, yet there was ample meaning wrapped up in the connection that the 10-yr ... More
More Market News
The Fed may start tapering in just a few months. Here are a few of the likely winners and losers.