Why Live Sports Are So Important to Streaming Services
Live Sports are a keystone for streaming services, providing high engagement and attracting and retaining subscribers. They also generate significant ad revenue and can establish platform uniqueness.Website
Whether you’re shooting local high school basketball games or major league soccer, building a robust live production workflow requires careful planning and attention to detail. Choosing cameras and lenses that can capture everything from fast-paced action to close-up player reactions, as well as video switchers and replay systems that enable you to create engaging highlights packages and replays, is crucial.
Top Apps for Live Sports Scores and Updates
It’s also important to consider the legal and copyright implications of broadcasting live sports events. In most cases, venues in which sporting events take place are owned by businesses with their own policies and rights. If you’re not sure what these rules are, it’s best to consult a legal professional.
Streamers are embracing live sports as they seek to diversify their distribution channels, attract cord-cutting audiences, and mitigate escalating operating costs. And while legacy pay-TV continues to maintain control of most major live sports due to long-term rights agreements, that thread is fraying a little more each time a streaming service scoops up an exclusive deal.
The reason why live sports is so important to streaming platforms is that it generates high engagement, entices new subscribers, and drives subscription growth. In fact, according to Deloitte, physical sports and esports are driving over $6 billion in investments in streaming rights this year. This article explores why live sports is such an essential asset to streaming platforms and how you can build a successful live sports strategy that maximizes your return on investment.