Retail

Major League Baseball, Budweiser in New Deal

With the addition of a one-game playoff between the two best runners-up in each league, Major League Baseball made an offer that one of its biggest advertisers could not refuse. Anheuser-Busch InBev NV (NYSE: BUD) has agreed to be a major sponsor of the new wild-card games through 2018. The brewer also will be a major sponsor of baseball’s opening week and a concert series at the game’s recently opened Fan Cave in New York. The company has been an MLB sponsor for 33 years.

The estimated costs of the deal total $40 million, according to report at MarketWatch, though neither the company nor MLB would comment on the value of the deal.

A Budweiser spokesman said:

We asked the people at MLB what else can we do to promote the sport and connect ourselves with the fans. This is our No. 1 platform — baseball is the sport that Budweiser is most heavily invested in.

The answer to the question, apparently, is to add more games to the season’s already interminable 162-game schedule. More games, more opportunities to sell advertising. Playoff games in baseball, as in every other sport, attract more attention than regular season games, so adding a few more games that have postseason implications is sure to gin up plenty of interest. From a fan’s point of view, the new games give a couple of also-rans a second chance to wipe out the previous 162 games.

That’s either a good thing or a bad thing, depending on one’s point of view. But from a commercial point of view, it’s definitely a bonus.

Paul Ausick

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.