How Much Does NBC pay for Olympic coverage?
There was a concern that the Olympics could also be a money loser given the weak ratings of the opening ceremony. About 17 million people tuned in to that broadcast, about a 36 percent drop from the Rio Games. NBCUniversal paid about $12 billion for the rights to televise 10 Olympic Games through 2032.
Did NBC make money from the Olympics?
The 2016 Rio Olympics, the company has said, produced a profit of $250 million. Because of the way Comcast and NBCU organize their accounting, the Games are not broken out as a line item in financial reports, but execs have often sprinkled figures into their public remarks.
Who Does NBC pay for Olympic rights?
In 2011, NBC agreed to a $4.38 billion contract with the International Olympic Committee to broadcast the Olympics through the 2020 games, the most expensive television rights deal in Olympic history.
NBC Olympic broadcasts.
|Olympic Games on NBC|
|Production companies||NBC Olympics, LLC (NBC Sports Group)|
How much did NBC lose on Olympics?
The Summer Games drew an average of 15.5 million prime-time TV viewers over their 17-day run, the company said, the lowest audience for the Summer Games since NBC started broadcasting them in 1988 and a 42% decline from the Rio de Janeiro Olympics in 2016.
How long is NBC Olympic contract?
NBC paid $7.75 billion to the International Olympic Committee for the broadcast rights in a deal that will run through the 2032 Olympics. The deal covers six Olympics, from 2021 to 2032, and gives NBC rights to all media platforms including TV, internet and mobile.
How much did Comcast pay for the Olympics?
Comcast’s NBCUniversal media conglomerate spent $1.1 billion on the broadcast rights for the Tokyo Games. The company booked $1.5 billion in Olympic tv commercial sales for the spectacle, which was rescheduled from last year because of the COVID-19 Pandemic.
How much is NBC worth?
As a result, NBC Universal would become a joint venture between Comcast and GE, with Comcast holding a 51% majority stake. The deal, as a whole, valued NBC Universal at $30 billion.
Do Olympic athletes get paid?
The International Olympic Committee, the Games’ organizing body, doesn’t pay any athletes who participate in a particular Olympiad, or give out prize money for medals. It’s akin to how leagues like the NFL and the NBA don’t pay players; instead, individual teams in the league are responsible for providing compensation.
What happened to Bob Costas?
He left NBC in early 2019, but continues working for other platforms where his wit, bite and candor may not threaten a network’s relationship with the NFL. His new show Back on the Record with Bob Costas, is available now on HBO.
Why does NBC have the Olympic rings?
Rings Across America is part of a broader effort from NBC Sports and NBC Olympics to blanket U.S. consumers with a steady reminder of the upcoming games to ensure viewers tune in and the broadcaster can deliver for their advertising clients shelling out millions for ad space during the games.
Is anyone actually watching the Olympics?
And they say that about one-third of Americans have watched the Olympics somewhere on TV, and they’ve noshed (ph) about 2.5 billion minutes streaming the Olympics on their streaming service Peacock, nbcolympics.com and the NBC Sports app.