• Loading stock data...
Friday, November 15, 2024
Want a chance to win $250? Take a few minutes to complete our survey and help us improve with your feedback! Take the Survey

Tom Brady Roast Proves Netflix Sports Strategy Works

  • “The Roast of Tom Brady” crushed on Netflix earlier this year.
  • The streamer is seeing a healthy appetite for sports content as it moves toward its first live NFL games.
Aug 24, 2024; Fort Lauderdale, Florida, USA; Former NFL player Tom Brady attends the match between the FC Cincinnati and the Inter Miami at Chase Stadium.
Nathan Ray Seebeck-Imagn Images

Netflix released data last week on its most popular TV series and films in the first half of 2024, and sports documentaries proved wildly popular.

The most-watched sports show was The Roast of Tom Brady in May, a live offering that drew 22.4 million views in the U.S. alone. The event ranked 26th overall in total views of any TV show or series (individual seasons of a show are ranked separately in Netflix’s data). The roast marked a huge success for Netflix because the streamer proved it can pull a hefty audience for live sports content, even for things that aren’t very hard to produce (compared to a game broadcast).

The sixth season of Drive to Survive, the series that launched Formula One into the international spotlight, released in February and had 11.6 million views; the first season of the 2022 World Cup docuseries Captains of the World, debuting just before the new year, got 8.7 million views; and the first season of the Dallas Cowboys cheerleader docuseries, called America’s Sweethearts and released in June, scored six million views.

Other popular shows were Together: Treble Winners, the Manchester City series that premiered in April, and the second season of Full Swing, which Netflix released in March and follows pro golfers on and off the course—both got close to five million views. The results follow a broader Netflix trend in that original series tend to perform well, while the company is stretching further into live offerings. To put these numbers in perspective, the streamer’s most-watched shows of the first half of 2024 were the first season of the mystery thriller Fool Me Once, with 107.5 million views, and the third season of Bridgerton, with nearly 92 million views. Both are original to Netflix.

Netflix is gearing up for its first of three Christmas Days airing NFL matchups. It reportedly paid $75 million each for two games this year—Chiefs-Steelers and Ravens-Texans—and got the rights for at least one in both 2025 and 2026. It’s the streaming giant’s first foray into live sports rights for one of the main U.S. sports leagues. It produced made-for-TV events The Netflix Cup and The Netflix Slam, made a deal to start streaming WWE’s flagship show Raw in 2025, and got rights for the one-on-one matchups of Joey Chestnut–Takeru Kobayashi (hot-dog eating) and Mike Tyson–Jake Paul.

Netflix co-CEO Ted Sarandos said Wednesday before the data drop that he thinks the Christmas games and other live events including sports can double Netflix’s viewership.

Analysts see live sports as a huge return on investment for Netflix. The Christmas games give the streamer a big opportunity to test out natural commercial breaks that attract advertisers while spending only 2% of the total it has for content every year, according to recent research reports by investment bank Jefferies. Given the NFL’s TV viewership dominance and the success of Peacock and Christmas games last year, the games are less risky than costly films that don’t always perform well, like The Gray Man and Red Notice, the analysts say.

“Looking forward, we expect [Netflix] to have interest in rights where it can stay within its content budget as it builds out its advertising tier,” Jefferies analysts said in a May report. “Similar to the WWE deal, we see F1, golf, soccer, tennis, and boxing as examples of the types of rights that would fit into Netflix’s strategy.”

The analysts said in August that they think Netflix could increase prices before the end of the year, largely due to the combination of sports (NFL and WWE) and popular shows (Squid Game and Stranger Things) coming out in December and January.

Netflix isn’t going into its first NFL games alone. CBS Sports is going to produce the games this year for the streamer. The commentators haven’t been announced yet. “We plan to Netflix-ify them a little bit,” Sarandos’s co-CEO Greg Peters said Friday about the Christmas games. “So we’ll plan to have a little bit of stuff around the games with our talent, stuff like that, that’ll hopefully make it super fun.”

A representative for Netflix declined to comment on this story.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NFL’s Big Schedule Play: 18-Games, 16 International Matchups on the Table

The league wants to expand its regular season to 18 games, too.

Netflix’s Mike Tyson-Jake Paul Fight by the Numbers

This could be the most-watched boxing event of all time.
Sen. Ted Cruz is introduced by former President Donald Trump at a rally at Million Air, a private airplane terminal at Austin-Bergstrom International Airport, Friday October 25, 2024.

Sen. Ted Cruz Promises College Sports Bill As Commerce Chair

The NCAA could be one step closer to its goals in Congress.

Tyson vs. Paul: Big Money, Nostalgia, and Netflix’s Live-Event Bet

The previously delayed boxing match is finally happening, representing an inflection point for both fighters and Netflix.
podcast thumbnail mobile
Front Office Sports Today

NBA and TNT Want to Make It Work

0:00

Featured Today

How Women’s Sports Could Change in the Next Trump Era

Under the president-elect, Title IX could change drastically.
Former President Donald Trump waves to the crowd as he exits the putting green with his aide Walt Nauta, left, during the final round of the LIV Golf Bedminster golf tournament at Trump National Bedminster on Sunday, Aug. 13, 2023.
opinion
November 9, 2024

Trump Win Puts Sports Back in the White House

With Trump back in the White House, sports get more political again.
Members of the NY Giants run onto the field to start the game between the New York Giants and the Washington Commanders at MetLife Stadium in East Rutherford on Sunday, Nov. 3, 2024.
November 8, 2024

The NFL Is Becoming the League With No Borders

Where will the NFL go next? International expansion will only get bigger.
November 5, 2024

NFL Center Connor McGovern Is the Heir to a Potato Empire

The NFL vet’s family provides potatoes for McDonald’s, Wendy’s, and others.

Expanded SEC Is the Gift That Keeps Giving for ABC

ABC has broadcast 12 of the top 15 most-watched games across all networks.
November 14, 2024

NBA Cup Opener Sees Big Ratings Boost As Star Power Dominates

Viewership was up 71% for the first day of the Emirates NBA Cup games.
Amazon-Thursday-Night-Football
November 14, 2024

How International Sports Streaming Rights Is ‘Trench Warfare’ Now

Netflix’s WWE deal could be a template for other leagues looking to go global.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
November 14, 2024

DSG to Emerge From Bankruptcy: New Game Plan, MLB Deals in Place

The regional sports network operator gains court approval to emerge from Chapter 11 protection.
November 14, 2024

Bob Iger Calls ESPN’s Upcoming Flagship the Best Sports Product Ever

The full, streaming version of ESPN will feature a wide array of advanced features.
November 13, 2024

MLB Withdraws Objection, Clearing DSG’s Path Out of Bankruptcy

The swift reversal will likely aid confirmation of the RSN operator’s reorganization plan.
November 13, 2024

NFL TV Ratings Up Big on Major Networks, but There’s a Caveat

This NFL season has been marked by new media trends.