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Old Posted May 3, 2017, 5:42 PM
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Iconic London Tube Logo, Map to Be Licensed for Global Branding

Read More: https://www.bloomberg.com/news/artic...lobal-branding

Quote:
Transport for London announced an agreement to license its Tube logo and map for use on clothing, toys and homeware around the globe, amid pressure to find new sources of revenue. The five-year deal with TSBA Group will see the brand licensing company paid through royalties rather than any direct payment from TfL, according to an emailed statement Tuesday.

- In its budget published at the end of March, the net cost of operating the network for the 2016-2017 financial year was forecast to be 907 million pounds ($1.17 billion). The organization currently generates just under half a million pounds in licensing revenue per year, a TfL spokeswoman said by phone, declining to comment on how much revenue the new deal could yield. In December, London Mayor Sadiq Khan’s TfL Business Plan said the organization must generate new revenue streams if it is to remain affordable. A spokesman for Khan did not immediately respond to a request for comment.

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