SBP Snack Week of 7/29-8/4 (Olympics Edition!)

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Good Thursday Morning. Bringing you an Olympics-focused, “snack size” version of SBP this week.

Five Interesting, Funny, and Touching Things that Happened in Sports the Olympics This Week

#1: NBC’s Olympics coverage gets back on track, which means mega bucks

🗯️ My thought bubble: NBC has had a tough go of it with its Olympics coverage really dating back to 2018 due to challenging time zone differences, a global pandemic, and geopolitical tensions.

That did not dissuade them though, as they agreed to pay $7.6 billion for the rights to the Olympics from 2022-2032. But with a string of tough luck, they needed this year to go well.

And, so far so good based on the record ad sales. In addition, a few other interesting factoids, per SBJ:

  • $500 million from first time sponsors

  • Digital ad has doubled from the Tokyo Games

  • Total number of advertisers has more than doubled from the Tokyo and Rio Games combined

On top of this year’s event, a strong location for the ‘26 Winter Games in Milan and the looming behemoth of the LA28 Games mean NBC is anticipating a string of major successes. Expect to also see positive results for Peacock, NBC’s streaming provider, that becomes a one-stop shop for coverage during these events.

#2: This is the ultimate win-win partnership

#3: Simone Biles is the greatest gymnast ever, one of the greatest Olympians ever, and she kept receipts

#4 Celebrities getting involved in growing women’s sports 🤌 

🗯️ My thought bubble: This is huge not only because of the immediate impact on the current teams and players, but also the potential long-term implications of having those sports grow due to the increased exposure and new habitual behavior of celebrities investing in underfunded sports to make sure Olympians are compensated and receive their much-deserved attention/praise for representing their country.

#5: Surfing in French Polynesia produces unbelievable footage, one of the hardest pictures of all time, and a comedian’s hilariously painful pivot into sportscasting

Until next time, sports fans!

-Alex