This week John Ourand and Tripp Mickle of SPORTSBUSINESS JOURNAL have a very interesting piece examining the only thing that keeps the Olympics relevant. That is, the interest of American network television.
The International Olympic Committee is getting a tepid response from U.S. broadcasters in Vancouver as it tries to build up interest in the next round of bidding for Olympic rights in 2014 and 2016.
Two potential bidders decided against making the trip to Vancouver, and the ones that ventured north were prepared to tell IOC executives that they will not bid as much as NBC bid on the 2010 and 2012 Games. NBC paid $2.1 billion in rights for the Vancouver and London Olympics.
CBS and Fox execs did not elect to meet with the IOC about acquiring the broadcast rights to future Games, though ESPN and Turner did. With the Comcast/NBC merger not yet approved, Dick Ebersol & Co. are holding off on talks with the IOC. SBJ reports a government ruling on the merger isn’t expected until “early next year.”
On the subject of ESPN acquiring the broadcast rights to The Games, ESPN PR VP Josh Krulewitz told me this week:
We are interested in the U.S. rights if we can find a deal that makes economic sense and provides value.Q: So with Olympics sugar daddy NBC on the sidelines, why is the IOC entertaining any bids at the moment?
A: The NCAA basketball tournament.
Some think the IOC will wait till early next year, after Comcast’s NBC acquisition is official. However, IOC sources said they may move earlier and beat the NCAA to market if the NCAA decides to pull out of its CBS contract. The theory is that NCAA tourney bidding could suck billions of media rights dollars out of the marketplace.
On Feb. 1, Ourand and Michael Smith of SPORTSBUSINESS JOURNAL reported that ESPN, Fox and a Turner-CBS collaboration may vie for broadcast rights of the basketball tournament. The NCAA has until Aug. 31 to decide if it will opt-out and open up the bidding on what would be a billion-dollar proposition.
With NBC on the sidelines for now, ESPN and Turner appear to be feeling out the IOC to see if they might be able to get the Olympics on the cheap. But a high level network television programming source told me today that he expects to see NBC out front of the bidding as soon as Washington signs off on the NBC/Comcast coupling.
My source, who also has intimate knowledge of the prospects of the merger, told me today: Read more…