Sabi
Mouseketeer
- Joined
- Dec 15, 2008
- Messages
- 296
The Epcot attraction remains uncertain as GM and Disney executives negotiate a possible contract extension.
TT is one of the most popular rides at the park and draws in over 11,000,000 visitors per year.
Executives for GM and Disney have continued to negotiate a possible contract extension to keep the beleaguered Detroit auto giant as sponsor of Epcot's Test Track. But so far nothing has been announced.
GM paid Disney $100 million for the sponsorship, according to a person familiar with the contract. The deal was front-loaded: GM paid nearly all of its sponsorship fees during the first five years of the 10-year pact, said the person, who spoke on condition of anonymity because he was not authorized to speak on behalf of either company.
GM also spends between $1 million and $2 million a year operating a post-ride showroom inside the attraction, with more than a dozen vehicles on display and terminals that guests can use to order sales brochures.
Since March, rumors have circulated around Epcot that Disney was permitting GM to stay on a month-to-month basis while negotiations continued.
Two of the companies often rumored as potential Test Track sponsors — Toyota and Honda — both said they were not interested.
"We have no plans to sponsor that," said Marcos Frommer, spokesman for American Honda Motor Co.
Added Toyota Motor Sales USA spokesman Joe Tetherow: "This is something that's not even on the radar."
A representative for Ford did not return a phone message.
TT is one of the most popular rides at the park and draws in over 11,000,000 visitors per year.
Executives for GM and Disney have continued to negotiate a possible contract extension to keep the beleaguered Detroit auto giant as sponsor of Epcot's Test Track. But so far nothing has been announced.
GM paid Disney $100 million for the sponsorship, according to a person familiar with the contract. The deal was front-loaded: GM paid nearly all of its sponsorship fees during the first five years of the 10-year pact, said the person, who spoke on condition of anonymity because he was not authorized to speak on behalf of either company.
GM also spends between $1 million and $2 million a year operating a post-ride showroom inside the attraction, with more than a dozen vehicles on display and terminals that guests can use to order sales brochures.
Since March, rumors have circulated around Epcot that Disney was permitting GM to stay on a month-to-month basis while negotiations continued.
Two of the companies often rumored as potential Test Track sponsors — Toyota and Honda — both said they were not interested.
"We have no plans to sponsor that," said Marcos Frommer, spokesman for American Honda Motor Co.
Added Toyota Motor Sales USA spokesman Joe Tetherow: "This is something that's not even on the radar."
A representative for Ford did not return a phone message.
