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Streaming services up spend on sports rights

February 20, 2023 12.22 Europe/London By Chris Dziadul

Subscription OTT services’ spend on sports rights globally is forecast to reach $8.5 billion this year.

According to a new report by Ampere Analysis, this will be a 64% increase on the total in 2022.

The research also predicts that the share of spend on sports rights by streaming platforms will increase in 2023 to reach 21% of global sports rights investment, up from 13% in 2022.

Ampere uses the media analyst’s latest suite of data products: Sports – Media Rights, which tracks data on sports TV rights in the largest markets around the world, and Sports – Consumer, a regular series of consumer interviews covering sports fans in 12 countries around the world.

Ampere notes that subscription OTT services’ spend on sports rights has lagged compared to investment in original TV and film. In 2022, 28% of original content spending was from streaming platforms such as Netflix, Disney+, Prime Video and Apple TV+. However, as streaming technology has improved, and as fans increasingly expect to be able to stream their favourite sports, the sports streaming model finally took off. At the same time, the challenging economic outlook for traditional sports broadcasters – such as pay-TV channels, ad-funded commercial channels and public service broadcasters – incentivises rights owners to appeal to streaming platforms in order to achieve media rights growth.

Ampere adds that Leading the way for streaming platforms’ growing investment in sports rights, particularly in Europe, is DAZN. The global OTT sports streaming service accounted for more than half (54%) of all subscription OTT services’ spend on sports rights in 2022.

However, recent years have seen an acceleration in sports rights spend by general entertainment services – such as Peacock and Viaplay – as service providers look to differentiate from peers in an increasingly crowded market. General entertainment services accounted for six of the top 10 subscription OTT services by global spend on sports rights in 2022.
The exclusive NFL deal with Amazon that kicked off in September 2022 was arguably the turning point for sports on general entertainment OTT platforms. It represented the largest single deal signed to-date by any sports streaming service, and has since been surpassed only by YouTube – also with the NFL.

Commenting on the findings of the report, Jack Genovese, research manager at Ampere Analysis, said: “The transition to streaming will take longer for sports than for other genres. This is in part because of the nature of sports rights deals, which typically span multiple years. It is also due to the sheer value of sports rights, and the sensitivities characterising the distribution and consumption of sport. The need for high quality, low latency feeds will continue to favour risk-averse behaviour among broadcasters and rights owners alike. However, streaming will offer opportunities for sports to experiment with content, distribution and monetisation, which will revolutionise the way in which sports rights are sold and bought in the future”.

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Filed Under: Editor's Choice, Newsline, Platforms, Streaming Edited: 21 February 2023 12:48

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About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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