IOC set to earn 3 billion euros from Olympics

The International Olympic Committee is set to earn 30 percent more during Beijing 2008 Olympic Games than in Athens, reports Radio Netherlands.

The combined earnings for the International Olympic Committee (IOC) from the upcoming Olympic Games in Beijing and the Winter Olympics in Turin two years ago will be more than three billion euros.

Most of that money comes from the sale of logo and media rights. The figure represents a 30 percent increase over the income from the last Olympics in Athens and the Winter Olympics in Salt Lake City in 2006.

Reported by Radio Netherlands.

Below is the preview information about IOC from Wikipedia

On June 23, 1894 the Olympic games were re-created by Pierre de Coubertin after a hiatus of 1500 years. The baron hoped to foster international communication and peace through the Olympic Games. The IOC is a parent organization intended to localize administration and authority for the Games, as well as to provide a single legal entity which owns copyrights, trademarks, and other intangible properties associated with the Olympic games. For example, the Olympic logos, the design of the Olympic flag, the motto, creed, and anthem are all owned and administered by the IOC. There are other organisations which the IOC coordinates as well, which are collectively called the Olympic Movement. The IOC President is responsible for representing the IOC as a whole, and there are members of the IOC which represent the IOC in their respective countries.

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