NBCUniversal Hopes Olympics Can Boost Peacock

NBCUniversal will air some of the most anticipated Tokyo Olympics events, including gymnastics and US Men’s basketball, on its streaming platform Peacock, the company said Wednesday, in an effort to draw more viewers to the service, reports The NY Post.

The Olympics, which this summer will have limited spectators due to the COVID-19 pandemic, are an opportunity for the Comcast-owned media company to attract advertiser dollars and promote Peacock at a time when viewers are watching less live TV. NBCUniversal paid $7.7 billion to extend its US broadcast rights for the Olympics through 2032.

The Games continue to face backlash as a majority of the Japanese public oppose holding the Olympics while the country struggles with COVID-19 infections. Just 8.2 percent of Japanese citizens have been fully vaccinated against COVID-19 as of Wednesday, according to a Reuters tracker.

But the worldwide sports event is critical for NBCUniversal to garner attention to Peacock, which was a late entrant into the streaming wars and competes with deep-pocketed players like Netflix and Walt Disney’s Disney+.

Streaming the Olympics is an opportunity for Comcast-owned NBCUniversal to attract advertiser dollars and promote Peacock at a time when viewers are watching less live TV.

Live coverage of some of the most popular sports like track and field and events featuring superstars such as US gymnast Simone Biles will be available for free on Peacock, the company said, though US Men’s basketball will require a premium subscription.

Comedian Kevin Hart and rapper Snoop Dogg will headline a new commentary series on Peacock to recap highlights of the Games.

Peacock, which launched across the United States last July, offers a free, ad-supported version and two paid options: a $4.99-per-month service with commercials and 20,000 hours of programming; and an ad-free version costing $9.99 per month.