The same trend has reached the Olympics.
The upcoming Paris 2024 Olympics are spread across NBCUniversal properties in the US, including NBC, MSNBC, USA Network, and Peacock. Those who want to watch all the games need a mix of services.
As the necessity of having access to a variety of services hosting sports content exacerbates a growing problem in the television industry, viewers discover an increasingly complicated viewership experience. Over-the-air television and cable packages once offered a simple solution for subscribers, with limited options for out-of-market events and a huge focus on local, regional, and national sports content. With pricy subscriptions, varying UIs, and unclear licensing, streaming platforms have become a less user-friendly option for sports viewership even while providing more coverage than ever before.
Viewers are willing to hop services to follow their favourite sports. In Altman Solon’s 2023 Global Sports Survey, fans are eager to spend more than one-third of their media service budgets on sports services and 70% of sports enthusiasts were ready to switch providers if their current service no longer hosted the sports content they were most interested in. This has been a trend for major global sports events like the World Cup and top-tier leagues in the US like the NFL and NBA. These high-profile sporting events draw in viewership and engagement with platforms, encouraging fans to follow their beloved sports. The staying power that sports fans bring to streaming services provides a massive incentive to platform owners and will only increase the likelihood of leagues further splitting their broadcasting rights across providers.
Major sporting events and leagues significantly impact viewer engagement and platform adoption. Streaming platforms that hosted NFL games saw a larger-than-average growth in monthly viewers in the last quarter of 2023, with Paramount+ leading all platforms after hosting Super Bowl LVIII. Paramount+ streaming the Super Bowl alongside traditional television broadcasts contributed to it being the “most watched program ever” according to the NFL, with more than 200 million viewers across all platforms, including being the “most-streamed Super Bowl in history.” This shift for major events from traditional airing methods to streaming platforms underscores the significant role that streaming platforms play in sports media.