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Reading: Blockbuster rankings begin to vindicate NBC’s $7.75 billion wager on the Olympics | Fortune
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Asolica > Blog > Business > Blockbuster rankings begin to vindicate NBC’s $7.75 billion wager on the Olympics | Fortune
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Blockbuster rankings begin to vindicate NBC’s $7.75 billion wager on the Olympics | Fortune

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Last updated: February 23, 2026 2:46 pm
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2 months ago
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Blockbuster rankings begin to vindicate NBC’s .75 billion wager on the Olympics | Fortune
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Many puzzled 4 years in the past if NBC’s 2014 resolution to safe U.S. media rights to the Olympics via 2032 for $7.75 billion was a foul enterprise deal.

With NBC having its most-watched Winter Video games in 12 years, these considerations seem to have quieted.

In accordance with Nielsen and Adobe Analytics, NBC averaged 24 million viewers throughout its prime afternoon protection (2-5 p.m. EST) and Primetime in Milan (8-11 p.m. EST and PST) via Friday. That may be a 94% enchancment over the 2022 Beijing Video games.

That is the second straight Olympics the place viewers have returned in massive numbers. The 2024 Paris Summer time Video games had been up 82% from 2021 in Tokyo.

Full numbers from the 17 days — together with the United States’ 2-1 extra time victory over Canada in males’s hockey Sunday morning — are anticipated to be launched on Monday.

“I think that the Paris Games deserve a lot of the credit for rejuvenating that interest and enthusiasm, and some of that momentum continued through to Milan,” NBC Sports activities President Rick Cordella stated from Milan.

Molly Solomon, NBC’s president and govt producer for the Olympics, and her group additionally deserve credit score for altering the community’s protection strategy after Beijing.

As a substitute of ready till prime time to showcase key sports activities, these occasions had been proven stay by way of streaming together with NBC’s community and cable channels. The primetime present was reimagined to focus on key occasions with extra interviews and evaluation to complement what viewers might need seen stay earlier within the day.

“How do we best make sure that we are continuing to tell the story (of athletes) after they leave the venues? I do think that one of the improvements we made from our Paris coverage was to follow the athletes to their after-parties and reunions with their friends and families,” stated Solomon, who’s overseeing protection from NBC Sports activities’ headquarters in Stamford, Connecticut.

“When Alex Ferreira received (the gold medal in males’s halfpipe), we went to the bar the place he was celebrating. There was a Workforce USA celebration for Mikaela Shiffrin, the place we had been there for the toast, and she or he talked about not having the ability to assist Breezy Johnson get on the platform.

“These athletes trusted us to have our cameras there, and I do think it made for even richer storytelling and taking the audience there.”

NBC adopted a format used for years in different nations whereas additionally listening to viewers who demanded change. NBC had streamed all Olympic sports activities for the reason that 2012 London Video games, however took a giant leap when NBC Common launched Peacock in 2020.

Via Friday, 14.8 billion minutes of the Milan Video games had been streamed within the U.S., greater than doubling the full for all prior Winter Video games mixed (6.9 billion).

Viewer features can be credited to the U.S. group’s efficiency, which underperformed in Tokyo and Beijing. These video games had been performed in hermetically sealed environments with principally empty venues on account of COVID-19.

Thursday’s win by the U.S. in girls’s hockey over Canada in extra time and Alysa Liu’s gold medal in determine skating averaged 26.7 million throughout NBC, USA Community, Peacock, and NBCUniversal’s different digital platforms.

USA Community and Peacock averaged 5.3 million viewers for the gold-medal hockey sport, making it the most-watched girls’s hockey sport on report. It peaked at 7.7 million in extra time when Megan Keller scored the game-winning purpose.

“It was truly a golden hour. We popped between control rooms, and you just never know what’s going to happen,” Solomon stated. “The energy in our control rooms on site, we couldn’t believe the confluence of drama and excitement, but that really is what the Olympics is about. It’s unpredictable, thrilling, and it just coincided in the golden 64 minutes.”

NBC is poised to proceed the momentum for the subsequent two video games. The 2028 Summer time Video games in Los Angeles can have wall-to-wall stay protection all through the day, whereas the 2030 Winter Video games within the French Alps will see NBC return to the protection system that labored in Paris and Milan.

The 2032 Summer time Video games in Brisbane, Australia, can have challenges as a result of most occasions will happen in a single day within the U.S., however the 2034 Winter Video games in Salt Lake Metropolis will once more present one other stay Olympics.

NBC has the rights to the Olympics via 2036. It agreed to the 2034 and ’36 Video games final 12 months for $3 billion.

“Paris begets Milan, and Milan will beget LA. I think the Olympics are just unique in many respects,” Cordella stated. “The U.S.-Swiss curling match, there are hundreds of thousands of people online streaming. They’re seeking it out and watching these matchups of these athletes; they probably didn’t know about them before the Olympics began. It’s compelling TV, and that’s kind of what the Olympics does.”

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