In his latest View From Asia column, Unmish Parthasarathi, the Singapore-based Founder of Picture Board Partners, Monetisation & Communications practice, shares insights from the recently concluded ICC T20 World Cup.
This last weekend marked the halfway mark of the first FIFA World Cup played in the USA three decades ago, in 1994. Saturday also saw the final match of a Cricket World Cup that was played in the Caribbean but will be remembered as the culmination of the first ICC tournament to also be played in the United States.
For the record, the first official cricket match between two countries was also played in the USA – in 1844! Back then, the home side beat Canada at the St. George’s Cricket Club, a venue that is located at 30th and Broadway for those more familiar with modern day Manhattan!
Last Saturday’s final featured India and South Africa – the only two undefeated teams in the tournament – with the former winning a nail biter that ended past 2am for me and the family here in Singapore!
The 2024 ICC Men’s Twenty20 (T20) World Cup was a three week tournament involving 20 teams, and featuring 55 matches played across six countries in the Caribbean and three US cities; Dallas (Texas), Lauderhill (Florida) and Long Island (New York).
Matches at the Nassau County Stadium in Long Island over indexed on attention for two reasons amongst many. The first was for the reported $30 Million spent by the ICC to create a pop-up stadiums that would seat 30,000. This may be seemingly small but is larger than any ground in the UK and the six games at this venue generated an attendance of more than 180,000!!!
The second reason was that one of the six games at Nassau County Stadium hosted the match between India and Pakistan. This fixture has routinely attracted over a billion eyeballs around the world for more than a decade.
However, the more prominent and hence far bigger and more longer lasting gains were had by the frequent mentions about the ICC tournament in mainstream American media. Stories on CNBC and a front page article in The New York Times were the most notable for those with an international lens. There was regional press coverage too, which is as potent as nationwide media outlets given what is a large and diverse country. It also aligns better with the pockets of demand for Cricket; more on that below.
Whilst researching for this column, I polled a handful of industry peers about their assessment of the ICC’s first ever event in the United States. All were complimentary. Some noted that the fact that it all went to plan and was normal is in itself the major achievement. One made a telling comment about the $30 Mn spend. She said we must look at this as an investment of a million dollar a year recovered over the next three decades. She illustrated her point by citing how much Football (or Soccer!) has grown, over the same time period, in the United Stares since hosting the FIFA World Cup, in the early 1990s.
1. Back then, the largest, and the most loyal, fan segment who played Football/Soccer were the first generation immigrants from Latin America, who were largely male.
2. The following decade saw women take to Football, a far larger demographic segment who took the sport mainstream as typified by the now well-known phenomenon of the ‘Soccer Moms’.
3. The third decade has been notable for David Beckham’s move to LA Galaxy, Major League Soccer’s global deal with Apple and the exporting of players into Europe like Brad Friedel, who made 450 appearances in goal across four English Premier League clubs.
Looking ahead, a few other reasons make the future of Cricket in America appear on a sound footing.
First, their team, having got automatic entry into the tournament as the co-hosts, did extremely well in their first senior event. They beat the 1992 winners, Pakistan, in an epic encounter that will go down as a significant milestone in the annals of its history.
Secondly, the team is young, averaging 30 so the same batch of players will participate at the next edition in two years when India host the Twenty20 World Cup. The squad is a melting pot typical of the US; coached by a former Australian international, with players who have emigrated from the Caribbean, India, Pakistan, South Africa and New Zealand.
Third, the installed base of over 200,000 active players. This represents a 4x to 30x multiple of the next three most resurgent cricket countries in the First World: Ireland (52,000) Scotland (24,000), and the Netherlands (6,500). Uncle Sam hosts the largest cricket clusters in Texas, California, Florida and New York with smaller pockets in North Carolina and Colorado.
Fourth, the existence of a domestic league, called MLC (Major League Cricket). This is the pathway pinnacle for young players to aim for from the grassroots with franchises in the south, east and west of the country. Not surprisingly the owners of MLC clubs are Indian immigrants who made good by their financial and technical know how and possess the means to scale the MLC, and potentially faster than the MLS.
Fifth, the USA and the Women’s Game are agenda items for the ICC, being two of the six pillars of their publicly stated strategy for this decade. This will ensure that the USA stands to gain from programs for the next batch of emerging nations (the Associate Members in ICC nomenclature) that has met with a lot of success in smaller Third World countries such as Afghanistan, Nepal, Papua New Guinea and, most recently, Uganda and Thailand.
In conclusion, we know that one swallow doesn’t make a summer. However, given the many achievements witnessed during this summer – both on and off the pitch – the future of Cricket in Uncle Sam’s back yard looks more promising than ever before. As ever, Cricket is best played one ball at a time. This is understood by those who play the long game, and is easier said than done for those who don’t! Howzat?
Chelsea signs BingX as sleeve partner
Chelsea and Principal Partner, BingX, have started the next phase of their partnership, which sees the leading cryptocurrency exchange evolve from a sleeve partner to training wear partner for the Blues. Fans around the world will now see the BingX logo emblazoned on the training apparel of the club’s men’s team for the next two seasons.
To celebrate the growth of the partnership, Chelsea and BingX collaborated on a unique unveiling of the training wear range. A fleet of drones converged on Stamford Bridge for a special ‘air drop’ delivery of the kit, a play on the mechanic of promoting awareness of a new cryptocurrency.
This latest campaign follows a successful start to the partnership, which has seen Chelsea and BingX develop a range of activities, focusing on global brand growth, fan engagement and customer experiences.
Casper Stylsvig, Chelsea FC’s Chief Revenue Officer, commented: “We are delighted to move into this next stage of our partnership with BingX. The first six months working together has already seen us deliver a series of world class campaigns and initiatives, and we are excited at the challenge of going bigger and bolder in the upcoming season. “The campaign launched today to unveil our new men’s training kit gives fans a glimpse of what to expect from our ongoing partnership, which is driven by innovation and a joint commitment to setting industry benchmarks”.
Vivien Lin, Chief Product Officer at BingX, said: “We are immensely proud to strengthen our partnership with Chelsea, a club that shares our commitment to innovation and excellence. This extended partnership will be driven by our mutual dedication to excellence, going beyond branding to create unforgettable experiences for fans and pushing the boundaries of what’s possible in both football and cryptocurrency. Together, we aim to inspire and empower the future, setting new standards and achieving remarkable milestones.”
DAZN and X Games inks multi-year broadcast deal
DAZN, the world’s leading sports entertainment platform, and X Games, the global leader in action sport, have signed a ground-breaking multi-year global broadcast partnership which will see DAZN become a global streaming partner for X Games’ distribution of live events. This partnership will offer fans both old and new the opportunity to enjoy all the best action from the live events as well from archive and short and long-form content.
Critically, all X Games content will sit in front of DAZN’s paywall, joining DAZN’s ever-expanding free content offering. This strategic move represents the shared ambition of DAZN and X Games to reach and engage even bigger audiences worldwide. Registered users will also be able to enjoy access to a vast portfolio of VOD content which will live, throughout the season, on DAZN.
Shay Segev, CEO of DAZN Group, said, “This global partnership with X Games represents another
premium addition to our free content proposition. Much like the DAZN platform, X Games is competition rooted in innovation and passion and we are pleased to be playing a significant role in increasing its global popularity. Fans of these events will be able to access the best action at no cost on DAZN’s platform and we look forward to welcoming them to a new home for action sport.”
Scott Guglielmino, President & COO of X Games, said, “We’re delighted to partner with DAZN to provide X Games fans with more access to our brand and the world class athletes that drive it. This is an important next step as we build toward the launch of our X Games Leagues in 2026. X Games Winter and Summer Leagues will provide fans with year-round opportunities to follow and engage with the world’s premier action sports athletes from host cities around the world.”
The X Games have become the premier action sports competition, drawing over 50,000 visitors to the 2023 summer event alone. X Games recently announced the introduction of X Games League, an innovative new take on the competitive structure and events within action sport.
Titans and Disruptors: A Market Cap Analysis of the Sports Business Landscape
Carlo De Marchis “A Guy With A Scarf” pens down this month’s Business Index.
In the dynamic world of sports business, market capitalization serves as a key indicator of a company’s perceived value and future potential. A recent analysis of market caps across various sectors of the sports industry reveals a landscape dominated by tech giants, challenged by emerging players, and marked by significant disparities in scale.
At the apex of this ecosystem sits Apple, with a staggering market cap of $3.22 trillion as of June 24th. This tech behemoth, while not a pure-play sports company, has become increasingly influential in the sports world through its streaming capabilities and partnerships. Its 10.44% growth from the previous month underscores the growing importance of tech platforms in sports content distribution.
Following Apple, we see Amazon ($1.97 trillion) and Disney ($186.9 billion) as other major players straddling the line between tech, media, and sports. These companies’ market caps dwarf those of traditional sports properties, highlighting the increasing convergence of sports with broader entertainment and technology sectors.
In the realm of pure sports properties, Formula One Group leads the pack with a market cap of $16.8 billion, showing a modest 0.96% growth. This figure, while impressive within the sports industry, illustrates the vast scale difference between traditional sports entities and the tech giants now shaping the sports media landscape.
The disparity in market caps becomes even more pronounced when we look at individual sports teams. Manchester United, one of the world’s most recognized sports brands, has a market cap of $2.7 billion – less than 0.1% of Apple’s value. The 3.52% decline in United’s market cap, contrasted with Juventus’s 12.44% growth (to a market cap of $0.9 billion), demonstrates the volatility inherent in sports team valuations.
In the apparel sector, Nike maintains its dominant position with a market cap of $147 billion, dwarfing competitors Adidas ($42 billion) and Puma ($7.2 billion). Nike’s 6.15% growth compared to Adidas’s 2.35% decline and Puma’s 8.17% drop suggests a consolidation of power in the sports apparel market.
The emerging sectors of gaming and sports betting present an interesting contrast. While their market caps are generally smaller than traditional sports entities, their growth rates are often higher. Roblox, for instance, saw its market cap grow 9.89% to $23 billion, while DraftKings grew 1.02% to $19.9 billion. These figures, while far from the trillion-dollar valuations of tech giants, represent significant value in rapidly growing sectors.
Perhaps most telling is the comparison between sectors. The combined market cap of the six sports properties listed (Formula One, TKO, MSG Sports, Manchester United, Juventus, and Borussia Dortmund) totals approximately $34 billion. This figure is dwarfed by Nike alone, and is less than 10% of Netflix’s $289.7 billion market cap.
This disparity doesn’t necessarily indicate a decline in the popularity of sports. Rather, it reflects a shift in how value is created and captured in the sports business ecosystem. While live sports remain a premium content asset, the platforms that distribute this content and the companies that leverage sports for marketing are often capturing a larger share of the total value.
The betting sector provides another interesting perspective. Flutter Entertainment Group, with a market cap of $33.2 billion, is approaching the combined value of all the sports properties in our index. This underscores the growing economic importance of sports betting and its potential to reshape the financial dynamics of the sports industry.
Looking ahead, these market cap figures suggest several key trends:
1. The increasing influence of tech and media companies in shaping the sports business landscape
2. The potential for consolidation in sectors like apparel, where scale seems to provide significant advantages
3. The rise of gaming and betting as major value drivers in the sports ecosystem
4. The challenge for traditional sports properties to grow their valuations in a rapidly evolving market
For investors and industry leaders, these trends present both challenges and opportunities. Traditional sports entities may need to innovate and form strategic partnerships to compete with tech giants and capture more of the value they create. Meanwhile, emerging sectors like esports and sports betting may offer high-growth potential, albeit with higher risk.
In conclusion, the market cap analysis of the sports business landscape reveals an industry in transition. While the passion for sports remains as strong as ever, the business models and value chains are evolving rapidly. Success in this new environment will require agility, innovation, and a willingness to challenge traditional boundaries between sports, entertainment, and technology.
Here’s the full index:

MotoGP extends agreement with Ziggo Sport until 2029
MotoGP has extended its agreement with Ziggo Sport for a further five seasons. The Dutch broadcaster will continue to bring fans across the Netherlands exclusive, live coverage of the world’s most exciting sport, including all practices, qualifying sessions, the Tissot Sprint and Grand Prix races.
The new agreement will see fans continue to enjoy live coverage of MotoGP™, Moto2™ and Moto3™, as well the FIM Enel MotoE™ World Championship. Ziggo Sport also offers pre- and post-race analysis from their expert panel of commentators, giving fans unrivalled insight into the action, and exclusive rider and team interviews.
Audiences on Ziggo Sport have been impressive in 2024, with increases on 2023 seen across the board. That’s as MotoGP™ continues to enjoy its closest season of all time, with the average winning gap hovering around a second over the first seven Grands Prix – the lowest in history. In addition, Dutch rider Collin Veijer (Liqui Moly Husqvarna Intact GP) is making waves in the Moto3™ class, already a two-time winner as he fights for the crown.
Marcel Beerthuizen, director of Ziggo Sport, said: “The interest in MotoGP in the Netherlands is growing enormously, partly thanks to the spectacular races full of overtakes and different winners, and of course due to the success of Collin Veijer in Moto3. Ziggo Sport is committed to further growing this sport and allowing all motorsport fans in the Netherlands to enjoy the successes of our national heroes.”
Dan Rossomondo, CCO of MotoGP rights holder Dorna Sports, said: “Ziggo Sport has proven to be a great ambassador for MotoGP in the Netherlands over the past three years. Together, we continue to promote the world’s most exciting sport in the country and we can see that clearly paying off in 2024 as audiences soar. With Ziggo Sport, we have a forward-thinking partner with extensive knowledge and expertise, offering top quality MotoGP content on the various Ziggo Sport platforms. We’re very happy to continue working together.”
MotoGP™ now heads for the TT Circuit Assen for the 75th edition of the iconic Dutch TT, just as MotoGP™ celebrates our 75th anniversary. More history is sure to be made this weekend, so tune in for the Motul TT Assen as MotoGP™ arrives at the Cathedral.
The World Round-up: What have we learnt over the past three weeks
Over the last three weeks, we have been jetting around the world and had fantastic insights from Africa, US and Asia.
View From The US: DOJ’s Ticketmaster-Live Nation Case Has Seats For Sports Fans
In this View From The US piece, Michael McCann , Legal Analyst and Senior Sports Legal Reporter of Sportico explains more about the US Department of Justice’s latest decision to breakdown on Live Nation and Ticketmaster.
Read the full piece here.
View From Asia: “The 2024 TATA IPL Report Card”
In his latest View From Asia column, Unmish Parthasarathi, the Singapore-based Founder of Picture Board Partners, Monetisation & Communications practice, shares insights from the recently concluded Indian Premier League.
The 17th edition of the Indian Premier League (officially called TATA IPL 2024) ended recently with the Kolkata Knight Riders (KKR) winning their third title.
Read the full piece here.
View From Africa – Apt time to invest in the growth story of African Sports
In this week’s View From Africa piece Cynthia Mumbo, CEO of SportsConnect Africa highlights the growing sports economy of Africa.
When it comes to sports, Africa is becoming a hotspot. With an average growth rate of 5% over the past 20 years, the sports economy is accelerating at a positive rate. On a global scale, sports account for about 1.2 trillion euros, or 2% of GDP, but only 0.5% of Africa’s GDP, although growth forecasts predict an 8% increase. Total revenue in the Sports market is projected to reach US$5.57m in 2022 and the total revenue is expected to show an annual growth rate (CAGR 2022-2027) of 9.75%, resulting in a projected market volume of US$8.87m by 2027.
Read the full piece here.
The sports media has a responsibility not to fuel the fires of discrimination
In this week’s Member Insights piece, David Alexander, the founder and MD of Calacus PR spotlights why media should be responsible.
When England drew with Iceland in their final match before the start of EURO 2024, the back pages and online news portals mostly featured images of Bukayo Saka, the Arsenal winger who had only been on the pitch in the latter stages of the game.
Saka was vilified when he missed England’s last penalty that ultimately handed Italy the EURO 2020 title, but the winger has shown dignity and talent consistently to underline his status as both a fine footballer and a great role model.
In the aftermath of the final defeat at Wembley, Saka received thousands of cards which were shown to him at Arsenal’s training ground to counter-balance the abuse and trolling he had experienced.
The following season, even fans of arch rivals Tottenham Hotspur applauded Saka and displayed a banner showing him their support and calling for an end to racism and discrimination.
The Tottenham fans have changed their tune recently, chanting “You let your country down!” during their 3-2 home defeat to Arsenal in late April, underlining the criticism Saka has continued to endure.
So why was Saka’s image used for that defeat to Iceland, despite only coming on in the 64th minute and not being on the field when the winning goal was conceded?
As Morgan Ofori wrote in The Guardian: “In some senses it is easy to see how this happened. The pictures of the Arsenal winger throwing a paper plane off the pitch – cue “Plane awful” headlines in the Daily Mail and Sun, and “England take a nosedive” in the Daily Telegraph – offered something different from the usual dejected player. Others featured a picture of Saka sprawled on the ground. Such decisions are made quickly by editors working to tight deadlines.
“Using a young black English player as the symbol of disappointment, regardless of his contribution to the result, carries baggage. Anyone covering the national team should be aware of the historic vilification of black players and the editorial line should be unapologetically anti-racist.”
Darren Lewis, President of the Sports Journalists’ Association and a fierce advocate for equality, wrote eloquently about the responsibility the media has not to scapegoat players undeserving of individual blame.
As he pointed out, England’s black players have faced challenges ever since John Barnes, Andy Cole and latterly Raheem Sterling put on the three lions shirt and faced disproportionate abuse when doing so.
He tweeted: “Just because I work in the media it doesn’t mean I can’t acknowledge the concern about Bukayo Saka being used as the face of England’s defeat and poor performance – despite other players performing worse – across a number of platforms last night. If anything it is even more my job.
“Especially when he was a) a substitute and b) one of the players targeted after England failed at the last Euros. It is a reminder that we need to think about EVERYTHING put into the public domain.”
Tony Burnett, CEO of Kick It Out, the anti-discrimination charity, called on the media to remember their responsibilities and said in an open letter: “Newspapers, websites and even national broadcasters chose to portray Bukayo Saka as the scapegoat – once again – for England’s defeat by Iceland.
“This was despite him playing a bit-part role in the game, and coming onto the field after the winning goal was scored. Has the media learned nothing?
“I shouldn’t need to remind you that the impact of black players being targeted in the media has a long history and is felt far and wide. It sends a message that they are not welcome, that they are only a misplaced kick from being vilified and it sends a message to online abusers that targeting players is fair game.
“But it also sends a message to fans from black and ethnic minority communities that they do not belong or can be abused too. Those points need to be considered when writing headlines or selecting images as deadlines approach. The words and pictures travel a long way, hitting harder than you might realise.
“The media needs to remember its responsibilities to not only report on discrimination but actively combat these issues and remind itself that it plays a crucial part in how players, fans and communities feel about themselves and their rightful place in football.”
Former Arsenal and England striker Ian Wright also posted: “Now more than ever let’s get behind & support these young people. We can all see what’s happening & who’s being set up to be the face of defeat.
“We are going to be gas lit with explanations & justifications, but those deciding who goes on the back pages know what they’re doing. Let’s keep our energy focused on giving these players pure love & support throughout the tournament.”
Of course, the media have to be allowed to make reasonable editorial decisions and have to be able to choose images based on fair and reasonable editorial planning.
But they also have a responsibility not to single out individuals or one group of players disproportionately when the inevitable consequence is that those players then get abused.
Some might argue that if you play sport at the highest level, you reap the financial rewards and so are fair game for criticism from the media and terraces.
When mistakes happen, when defeats occur, when disappointment reigns, players rightly come in for criticism. A black England footballer should not be immune from criticism if it is warranted.
But with division and culture wars becoming regrettably more prevalent, it’s time for the sports media to lead the way and set an example, rather than castigate young men who make a mistake – or not – on the field of play.
Click here to know more about Calacus Sports PR.
Juventus and Fanatics inks retail and licensing partnership
Juventus and Fanatics, a digital sports platform and a global leader in licensed sports merchandise, have announced a wide-ranging partnership across ecommerce, retail, manufacturing and licensing that will see Fanatics manage all aspects of Juventus’ merchandise offering worldwide.
The new partnership, one of the most comprehensive and ambitious club deals ever agreed in sports merchandising, will run until the end of the 2034/2035 season, with Fanatics working alongside Juventus to grow its brand and merchandise offering to fans across Italy and into every corner of the world.
Fanatics, which as part of the deal will become the master licensee for the Juventus merchandise portfolio, will operate the business from its Fanatics Italy headquarters, utilizing both its local expertise and its global capabilities to deliver a world-class experience and access to products for Juventus fans all over the world.
Juventus, the most successful club in Italian football and renowned across the world for its iconic black and white striped jersey, will benefit from Fanatics’ extensive experience around product manufacturing and distribution, ecommerce operation, physical retail excellence and a vast licensee network. Fanatics is known for working with top sports properties and organizations in enabling them to reach existing, and attract new fans with exciting product collaborations, relevant local designs, and a breadth of choice for all supporters of the club.
“The world of merchandising has undergone an incredible evolution over the last ten or so years thanks to the entry of a player like Fanatics, which has revolutionized the industry across the world,” said Francesco Calvo, Managing Director Revenue & Football Development at Juventus. “We are proud to join forces with a global leader like Fanatics for the development of such a strategic and fundamental part of our business. This partnership will allow us to get closer to our fans all over the world, thanks to global distribution and new investments that Fanatics will make in agreement with Juventus to develop our business to create a truly world class offering to our supporters.”
Fanatics, which partners with more than 900 leading sporting organizations, teams and leagues in the world including several leading European football clubs, UEFA, NFL, NBA, MLB, NHL, International Olympic Committee and Formula One, has more than 80 offices and facilities worldwide, a network of over 2,000 physical retail locations, and a multilingual digital platform capable of reaching millions of fans across the world. Through the newly revamped online store, Juventus fans across the world will have access to an innovative shopping experience, providing access to one of the widest ranges of Juventus merchandise ever made available.
“Juventus is one of the iconic clubs in world football” said Stephen Dowling, President of International at Fanatics. “The club is recognized and supported across the globe, it leads the way both on and off the pitch, and we are honored to be working with it to revolutionize the experience for its fans both instore and online, through new product designs and better availability worldwide. This new partnership is one of the most ambitious we have ever agreed with an individual club, and it is testament to Juventus’ forward thinking and progressive mindset that we have agreed such a comprehensive and groundbreaking deal.”
Lorenzo Forte, CEO of Fanatics Italy, said: “We understand the history and significance of Juventus to both Italian and global football, and the Fanatics team based here in Italy will work non-stop to make sure that Juventus fans, both in Turin but also across the world, are given a world-class service, world-class products and world-class experience when they visit us. Our knowledge and understanding of football here in Italy is unrivalled, and we can’t wait to begin our new partnership together with this historic club.”
Pittsburgh Pirates signs Sheetz as first jersey patch partner
The Pittsburgh Pirates and Sheetz have announced a multiyear partnership in which the popular convenience store chain will immediately become the team’s first-ever jersey patch partner.
The Pennsylvania-based retailer will now have its logo featured on the sleeves of Pirates home and road jerseys. Pirates front office officials, outfielder Bryan Reynolds, pitcher Jared Jones and Pirates RBI players joined Sheetz executives on the field as part of the announcement.
Major League Baseball and the MLB Players Association approved the use of sponsor patches on jerseys at the beginning of the 2023 season as part of a new collective bargaining agreement.
The sponsorship agreement seeks to solidify Sheetz as an iconic staple in the Western Pennsylvania region while also raising its national brand recognition. It will also feature marketing efforts and collaborations that will engage Pirates fans and Sheetz customers — including ballpark signage, in-game activations and unique social and digital content.
“If you take our market area and the Pirates’ fanbase and overlay those two, you’d be hard pressed to find many gaps,” Sheetz president & CEO Travis Sheetz said. “For sure, we think from a customer standpoint, a brand-awareness standpoint and a brand reputation standpoint, this is a great connection.”
Another important aspect of the partnership will focus on various community-based initiatives developed by the Pirates and Sheetz. The organizations share a proud interest in supporting local youth teams and other nonprofit organizations. Through the partnership, the Pirates and Sheetz will look to amplify their collective support of such efforts.
“We are thrilled to expand our partnership with Sheetz and the Sheetz family,” Pirates chairman Bob Nutting said. “Like the Pirates, Sheetz is an iconic local brand that is a part of everyday life in Pittsburgh and throughout Western Pennsylvania. Sheetz is a family-owned company that shares in our strong commitment to making a positive impact in the lives of others in our community. With so many commonalities, Sheetz is the perfect partner to be featured on our first-ever jersey patch.”
Sports Broadcasting in the Age of AI
The convergence of AI and sports broadcasting creates a powerful synergy. Blending data-driven insights with creative storytelling. The wide-reaching platforms of broadcasting, provide the perfect canvas for AI to paint personalised and engaging experiences. This fusion is redefining how broadcasters understand their audience and is unveiling exciting possibilities for the future. It is not just about optimising processes; AI has been instrumental in reshaping the landscape of creativity and efficiency in sports broadcasting.
Personalisation: The AI Advantage
Generic sports ad campaigns are a thing of the past, thanks to AI’s ability to understand and predict individual preferences based on user behaviour. By analysing data points, such as browsing history, social media interactions, and content engagement, AI enables sports broadcasters to tailor advertisements that resonate on a personal level. This disposition towards hyper-targeted content maximises viewer engagement.
Predictive Analytics for Targeting
The convergence of AI and sports broadcasting equips broadcasters with the capacity to understand the present and anticipate the future. Predictive analytics, fueled by AI algorithms, decipher patterns and trends from historical data to forecast viewer behaviour. The predictive approach redefines how broadcasters make real-time decisions, optimising content choice, ensuring the effectiveness of advertising campaigns, and maximising engagement.
Unified Collaboration
AI-based video editors are revolutionizing the sports editing process by eliminating low-level communication essential to legacy solutions. Meta-tags, for example, enable auto-generation of highlights based on specific criteria, saving considerable working hours. These platforms centralise all video editing activities, allowing for seamless collaboration and auto-personalisation, where brands can imprint each video with their own identity effortlessly.
Create and Influence
There are currently over 200 million content creators worldwide, with an average of six and a half months needed for creators to earn their first dollar. Only 10% of influencers manage to earn $100K or more annually. As of 2023, the global influencer market is valued at $21.1 billion. Around 84% of the UK’s online residents follow influencers or content creators, based on the Statista Consumer Insights Global survey 2023.
The demand for content generated and consumed on social media necessitates automated support to facilitate strategic creativity. Incidentally, it is a numbers game, and success hinges on effectively captivating the audience, which directly corresponds to the pertinence and ingenuity of the content. Broadcasters need to leverage social media to strengthen their connection with viewers and drive traffic to channels and platforms. But they are competing against an ocean of user-generated content. AI tools can help to quickly populate social platforms with engaging clips and heart-stopping highlights.
Embracing the New Era
The broadcast technology industry stands on the cusp of a new era focused on AI and digitalization. Sports fans can await ultra-high-definition content, immersive experiences, and personalised viewing recommendations, while sports broadcasters benefit from AI’s efficiency in content creation, advertising, and security. Embracing AI is crucial for industry players to remain competitive and ensure broadcast excellence. As AI continues to develop, its potential to shape the future of audio-video production is limitless, promising a dynamic and innovative broadcasting landscape.
Especially for you: Content Customisation
Employing AI and machine learning algorithms, allows platforms to analyse sports fans behaviour and identify differences between demographics. Employing the data, it is possible to tailor recommendations, providing bespoke experiences for viewers. To fully understand preferences, ensure a customised content experience for the audience based on individual interests and demographics.
The development of generative AI models has prompted important considerations regarding the definition of creativity and how editing professionals can adopt AI to enhance their work processes. These AI tools have the potential to assist in sports content production. The objective is to empower all creative professionals in their current and future collaboration with AI through the creation of participatory AI systems.
An AI-driven Future
The integration of AI into broadcasting has sparked both concern and excitement, redefining roles and workflows within the sports broadcast industry. But AI isn’t just about optimising tasks; it’s a catalyst for reshaping creativity and efficiency in sports broadcasting. By blending data-driven insights with storytelling, personalised experiences become the norm, transforming how sports broadcasters engage their audiences. Predictive analytics forecast viewer behaviour, while AI-powered tools streamline editing and content creation, amplifying collaboration and personalisation effortlessly.
As communication evolves, AI becomes instrumental, helping to deliver exciting new immersive experiences and changing the way we experience sports content. In the race to create more content than ever, AI-driven support becomes essential, helping sports broadcasters navigate a multi-platform strategy that leverages both long and short-form content. As we embrace this new era, AI’s potential remains limitless, promising a dynamic and innovative future for sports fans.
The writer Meghna Krishna is CRO of Magnifi.