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.
The United States Women’s National Team has settled its lawsuit over gender-based pay disparity with U.S. Soccer for $24 million. Filed in 2019, the settlement will end with all claims by the USWNT being resolved following a judge's dismissal of its case in 2020.
Coming off of the latest NFL season, Draftkings has plans for growth and new bettors to join its platform following what it saw as a record year of state legalization of sports betting and Super Bowl action. CEO Jason Robins joined Cheddar News to talk about what in store for the company in 2022, including labor issues leading to the postponement of the MLB's spring training games and the NCAA's March Madness. "There's a lot of really exciting stuff that happens in the first couple of rounds all the way through to the championship game. So typically we've seen incredible activity during March Madness on the betting side," Robins said.
PlayersTV is bringing sports viewers Athletes On Demand, a subscription platform to provide fans with thousands of hours of sports content from their favorite athletes. CEO Angela Bundrant joined Cheddar News to discuss the new rollout. "People can expect to receive content or buy into content on demand that comes from their favorite athletes," said Bundrant, listing star partners like the Phoenix Suns' Chris Paul and New Orleans Pelicans' C.J. McCollum.
Walker Ross, Assistant Professor of Sports Business Management at Florida Southern College, joins Business of Sports: The Beijing Winter Olympics 2022, where he says that actions Beijing and other Olympic host sites have been implementing to combat climate change has simply not been enough to offset their carbon footprint.
Olivia Harlan Dekker breaks down Thursday's primetime matchup between the 76ers and Bucks, NBA champion Richard Jefferson sets the scene for this weekend's All-Star Game, and Alex Monaco discusses who he's bullish and bearish on for Thursday's action.
The 15-year-old Russian Olympic figure skater Kamila Valieva found herself at the center of a scandal after a positive test for a banned substance became public. Valieva fell out of gold contention in the women's free skate after falling, avoiding a potentially embarrassing situation, where a medal ceremony would have been nixed had she won. Scott Hamilton, the retired American figure skater and Olympic gold medalist in the 1984 Games, joined Cheddar to break down the scandal. “It’s a team competition and every member of the team participated in that score and hers should be disallowed”.
Alex Monaco, host of the “The Bettor Half Hour” on MSG Networks and the “Sports Gambling with Moneyline Monaco” podcast, joins Cheddar Bets to give his last-minute tips before tonight's slate of games starts.
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Richard Jefferson, host of the Road Trippin' podcast, NBA Today analyst, and NBA Champion, joins Cheddar Bets to break down All-Star Weekend festivities and to give his "Pick 6" for tonight.
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BetMGM Host Olivia Harlan Dekker joins Cheddar Bets to break down tonight's big Bucks-76ers matchup -- likely Philly's last game without James Harden.
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While many are excited to watch the final two NFL teams square-off and see which one ultimately takes home the trophy, some, on the other hand, are there for another mian attraction -- the commercials. Companies during this year's game are looking towards the future From electric vehicles, to robots, and crypto-currency, several first-time advertisers are expected to join long-time advertisers like Pepsi, Budweiser and Doritos during the NFL's biggest game. Tom Morton, Global Chief Strategy Officer at R/GA, joined Cheddar News' Big Game Special to discuss.
