Record Super Bowl Advertising Revenue, Tiger Woods New Brand, And An Exclusive Interview With NASCAR President Steve Phelps
Feb 15, 2024
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Discussing record Super Bowl advertising revenue and Tiger Woods' new clothing brand before diving into an exclusive interview with NASCAR President Steve Phelps. Topics include media rights deals, Netflix series, international expansion plans, and NASCAR's new ambassador program.
CBS broke records with $700M Super Bowl ad revenue, while Tiger Woods' new clothing brand shifts focus from Nike.
NASCAR's innovative schedule variations attract new audiences, with plans for international expansion by 2025.
Deep dives
Impact of Super Bowl Numbers on CBS Revenue
CBS's revenue soared as they hosted the Super Bowl, with record-breaking viewership of 123.4 million and ad revenue estimated at nearly $700 million. Overtime added $50-60 million in additional revenue through extra commercial slots, significantly boosting CBS's earnings.
Taylor Swift Effect on Super Bowl Viewership
Taylor Swift's involvement in the Super Bowl led to notable viewership increases, especially among female viewers aged 12-17 and male viewers aged 18-24, with women representing 47.5% of the total audience. Her impact was part of a larger narrative building throughout the season, attracting millions of additional viewers to the game.
Tiger Woods' New Brand Sunday Red with TaylorMade
Tiger Woods' partnership with TaylorMade for his new clothing brand, Sunday Red, marks a significant shift as he gains an equity share in the brand, a departure from his long-standing connection with Nike. The brand's unique approach, distinct from Nike's, aims to capitalize on Tiger's iconic status while involving him more publicly, thus requiring a different level of commitment and promotion from Woods.
NASCAR's Schedule Innovation and International Expansion
NASCAR's innovative approaches to schedule variation, seen in events like the LA Coliseum clash and Chicago Street race, have proven successful in attracting new audiences, with a high percentage of first-time NASCAR attendees at these events. Looking ahead, NASCAR is exploring international races, with plans to introduce one or two foreign races by 2025, aiming to offer fans and non-fans a fresh perspective on the sport through bold and pioneering initiatives.
Today’s podcast discusses CBS record advertising revenue from the Super Bowl ($700M) and Tiger Woods new clothing brand. Then, the podcast transition to an exclusive interview with NASCAR President Steve Phelps. We discuss the sport’s new Netflix series, media rights deals, international expansion plan, and Steve even breaks news on NASCAR’s new ambassador program. Enjoy!