NBC Impresses with Olympics Clips On Peacock and YouTube
Aug 2, 2024
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Viewership for the Olympics skyrocketed by 75%, showcasing the success of NBCU's streaming strategies on Peacock and YouTube. The partnership between Cineverse and Spotify could redefine Spotify's identity in media, integrating a vast array of shows. A billion-dollar acquisition by Outbrain highlights competition in the video ad space. NBC's enhancements on Peacock are making Olympic coverage more engaging with innovative features like highlight bars, while financial strategies are evolving amidst the shift towards digital platforms.
NBC's innovative use of both Peacock and YouTube for Olympic highlights has significantly boosted viewer engagement and accessibility.
The striking 75% increase in Olympic viewership from 2021 reflects a growing trend of digital consumption and viewer interest in sports events.
Deep dives
Olympics Viewership Surge
Viewership for the Olympic Games has seen a significant increase, with a reported 75% rise in average viewers compared to the Tokyo Games. NBC has highlighted that during the early days of the current Olympics, there have been 33.8 million viewers across its various platforms, an impressive leap from the previous average of 19.1 million. The opening ceremony festivities were particularly popular, showing that audiences are engaging with both traditional broadcasting on NBC Sports and streaming options on Peacock. This early success reflects a broader trend of renewed interest in Olympic events, benefiting from increased accessibility through digital platforms.
Spotify and Cineverse Partnership
A notable partnership has been established between Cineverse and Spotify, aiming to expand Spotify's offerings beyond music by integrating 70,000 film and TV shows into its platform. This strategic move is part of Spotify's efforts to reposition itself as a full media provider, tapping into its extensive user base of over 626 million. The collaboration includes the introduction of linear channels within Spotify, bringing various content options to its users, which aligns with the growing trend of video consumption on streaming services. By joining forces, Cineverse helps Spotify enhance its video capabilities while gaining visibility for its content, which could enrich the user experience on the app.
Outbrain Acquires Teeds for Expansion
Outbrain's acquisition of Teeds for $1 billion marks a significant movement within the ad tech industry, positioning Outbrain as a more comprehensive player in video advertising and connected TV markets. The deal shows Teeds' value in video and CTV, especially as Outbrain aims to enhance its ad offerings and capture a larger share of video marketing. Notably, the financials indicate a strong return for Teeds' previous investors, showcasing a rare successful exit in a competitive ad tech landscape. This move underscores the increasing importance of integrating video ads into a full marketing funnel, as more brands seek effective ways to reach audiences.
NBC's Strategic Use of YouTube and Peacock
NBC's dual approach of leveraging both YouTube and Peacock for Olympic highlights indicates a strategic balance between driving traffic to its own platform and reaching wider audiences on popular channels. While Peacock offers curated highlights and a seamless viewing experience, YouTube serves as a significant platform for accessing viral content and searching for specific sports clips. There are discussions on the potential advertising revenue generated through both channels, with Peacock likely providing a higher return due to lower ad-sharing split compared to YouTube. This dual strategy is crucial for maximizing viewer engagement and ensuring that audiences know where to find Olympic content.
Early returns show Olympics viewership is up 75% from 2021. NBCU’s streaming coverage is solid, especially its management of highlight clips on Peacock and YouTube.
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