After a year of delays, the Tokyo Olympics is finally here.
But the growth in streaming is expected to lower broadcast viewership numbers. About 27.5 million people tuned into the 2016 Rio Olympics each night during Primetime, and around 86 million households had a cable or satellite subscription that year. This time around, the Tokyo Olympics are at least 13 hours ahead of the U.S.' main broadcasting hours, and 11 percent fewer households still maintain their cable or satellite bundles. On top of this, NBC Sports is saving the live feed of several popular sports, including mens' and women's gymnastics and track and field, for its streaming service Peacock in order to drive viewers to the platform.
But despite the protests and concerns over safety during COVID-19, advertisers haven't stopped backing the Games. While sponsor Toyota announced it would pull its ads running in Japan during the Olympics, it is still moving forward with its plans in other countries. In fact, NBC Sports said it has at least 120 advertisers this year, 80 of which are brand new. It is expecting to bring in more than $1.2 billion in ad revenue, which was the last benchmark set by the 2016 Rio Olympics.
"I think it shows a sensitivity to their specific region and a respect, which the Japanese people are known for, so I think it was the right thing to do," said Influencer marketing agency Takumi CMO Kristy Engels about Toyota.
"When you look at the other advertisers out of the major ad sponsors, no one else has pulled out to date so they're all sticking with their existing programs so you'll still see the Toyota ads running here in the U.S.," she added.
Any professional athlete faces pressure to win, but the stakes are higher at the World Cup, where soccer players carry the added burden of an entire nation's expectations. To rise to the occasion, athletes "have to have a shared vision and a greater purpose," says Jon Gordon, the author of 'The Power of Positive and Leadership.'
Most World Cup fans may have their money on the usual contenders: Brazil, France, and Germany. But there are a few teams and players that have the potential to upend the game and surpass expectations, says Jeffrey Marcus, publisher of The Banter.
The battle between Microsoft and Amazon is heating up. According to a Reuters report, Microsoft is working to develop cashierless technology to compete with Amazon, which recently introduced its first check-out free grocery store in Seattle.
The Boring Company has won the bid to build Chicago's Hyperloop. Elon Musk's company was one of four competing for the project. The Hyperloop will connect commuters between the city and O'Hare International Airport.
The president of the Staten Island Yankees joins us to talk about his team's temporary rebranding. For all five of its Saturday night home games this season, the team will play as the Staten Island Pizza Rats. The team's president Will Smith tells us the story behind this campaign.
The minor league baseball team is temporarily rebranding itself this season to incorporate the famous rodent that dragged a pizza slice down New York City's subway steps. "It's an aggressive name, I think it's probably a little edgy, a little different," said Staten Island Yankees president Will Smith.
The U.S., Canada, and Mexico will jointly host the World Cup in 2026, bringing the sporting event back to U.S. soil after a 30-plus-year hiatus. "I think it offers an aspirational platform for young players today," says Dan Flynn, U.S. Soccer CEO.
The driving range-slash-entertainment venue includes bars and restaurants, turning golf into a fun activity for all demographics, says Topgolf executive chairman Erik Anderson.
The 2018 World Cup starts on Thursday, and Jason Gurwin, co-founder and CEO of FOMOPOP, discusses the best ways to watch all of the soccer games from Russia.
The Philadelphia rapper and die-hard 76ers fan Freeway wants LeBron James to forsake Cleveland and Los Angeles, and take his talents to the City of Brotherly Love.
The vote this week for host of the 2026 World Cup will be a test of FIFA's efforts to clean up its act after a corruption scandal rocked world soccer's governing body three years ago, said Ken Bensinger, author of "Red Card: How the U.S. Blew the Whistle on the World's Biggest Sports Scandal."
The co-creator of the Bikini Body Guide, which currently reaches a global online community of over 35 million women, talks about how the app acts like a personal trainer in your pocket.
