Olympic mascots revealed

The 2012 organisers have unveiled the two mascots that will form a central pillar of the licensing programme.
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The organisers of the Games believe Wenlock, the Olympic mascot, and Mandeville, his Paralympic colleague, will raise at least £15m of the £70m which has been targeted as revenue from licensed merchandising.

London 2012 chief executive Paul Deighton said: "For our merchandising programme we anticipate royalties of between £70m and £80m.

"Of course the amount the mascot contributes is a function of how many are created and how much people are interested in them. I would not be surprised if we get between 10 and 20 percent."

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