Mattel's Hot Wheels planning mega Indy 500 event

January 14, 2011
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As a journalist, I hear lots of promises.

And I hear a fair amount of them from the folks at the IndyCar Series. Some of those come to fruition. Some, well, not so much.

I’m still waiting on the “mega activation” deal on par with the Izod deal that was promised back in the fall. That deal is now either on the side burner, back burner or the deep freeze depending on what source is doing the talking.

But I’m now being promised that there’s another deal very much on the front burner and will be red hot when served up for public consumption later this month.

At Tuesday’s State of the Series presentation, a veiled reference about a big to-do involving Mattel, the maker of games, toys and tiny cars, was made.

When I asked IndyCar Series CEO Randy Bernard and Indianapolis Motor Speedway CEO Jeff Belskus about it, they wouldn’t divulge any details other that to say it was going to be awesome and that it would be announced within two to three weeks. A source with knowledge of the Mattel talks called it a “massive publicity stunt sure to get people’s attention.”

The deal, ICS and IMS executives confirmed, will involve the series and the centennial running of the Indianapolis 500 this year. Izod is also looking to be a part of the event.

In early 2009, Mattel signed a deal with the open-wheel series and several months later, rolled out a line of IndyCar-themed Hot Wheels cars.

Mattel officials, pleased with the two-year-old deal, approached IndyCar and Speedway officials late last year about making a bigger splash with the series this May. The discussions to plan the event are ongoing.

California-based Mattel is no lightweight, and certainly has the marketing muscle to make a big splash surrounding the Indianapolis 500 if it so desires. Hot Wheels, which first came out in 1968, is easily North America’s leading seller of toy and replica cars. Hot Wheels has long been one of Mattel’s top revenue generators internationally.

Mattel’s target market—kids—is spot on with the demographic Bernard and his posse are trying to cultivate.

Promises are easy to make. That hard part is making sure you have an engine to propel those promises toward fruition.
 

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  • A New Set Of Collectibles for the Defender Household
    I certainly hope it's better than the one Hot Wheels show car they have dragged around to tracks the past couple of years. I will be a believer in such a partnership when Indy Car Hot Wheels start supplanting NASCAR-themed offering at my local Wal-Mart.

    I will be very anxious to see what rolls out!
  • In the interest of full disclosure, I was always a Matchbox fan, Hot Wheels always had cheaper materials and thin wire axles that bent easily when you forgot to put the cars away and your Dad stepped on them.

    That said, all of this is good for the series. If Mattel is doing this because they are pleased with their previous involvement, then it backs up what IZOD has said.

    Contrary to what Chief and his friends say, the 100th means a lot to a lot of people, and it is something we will see a lot more of over the next year.

    Hopefully IMS can parlay this into more permanent fans.
  • Hot Wheels
    It's a great partnership, but these promises need to be backed up by some real events. The centennial has been woefully marketed to this point. They need to get it in gear.
  • Toys
    My 5 and 12 year old boys will love to hear more Indycar product will be available for "me" to buy during our regular speedway visits.
  • Please
    The IndyCar Series must be small taters these days. Turn out the lights, the party's over.

    Burl, Chief, and the others have it right: The sport is through.
  • Congrats and thank you to Indycar and its drivers for doing the USO tour to support the troops. Working with the soldiers everyday, I see how much this kind of thing means to them.

    Sarah Fisher is planning on bringing a group of drivers down to Camp Atterbury this May. Good job guys, the soldiers appreciate it.
  • Hot Wheels for Real
    http://www.hotwheels.com/forreal
    Guess it IS true...

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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