Even with the Rio 2016 Olympics on the horizon, the International Olympic Committee’s (IOC) eyes are fixed even farther ahead, as the global organization is already in the middle of its push for broadcasting for the next Olympic cycle, that of the 2017-2020 time span.
As we sit in the middle of the 2013-2016 Olympic ‘quadrennium’, however, worldwide broadcast revenue figures are being released for that next cycle, which indicates just how big of a monetary-generating business the world’s biggest sporting competition is becoming.
Per the IOC’s Marketing Fact File, broadcast revenue from the Olympic quadrennium covering 2009 through 2012 topped off in the range of $3.85 billion. This figure then jumped by 6.5% into the next Olympic cycle, which resulted in a $4.1 billion total of IOC broadcast revenue. The table below reveals the last 8 Summer Olympic Games’ broadcast revenue’s upward trajectory, which falls parallel to the number of countries tapping into those broadcasting rights.
|Olympic Games Broadcast Revenue (million)||Number of Countries/Regions|
|1984 Los Angeles $286.9||156|
|1988 Seoul $402.6||160|
|1992 Barcelona $636.1||193|
|1996 Atlanta $898.3||214|
|2000 Sydney $1,331.6||220|
|2004 Athens $1,494||220|
|2008 Beijing $1,739||220|
|2012 London $2,569||220|
Data made available by IOC Marketing Data File
For the 2017-2020 Olympic cycle estimates are pointing to the IOC already hitting the previous quadrennium’s revenue total of $4.1 billion – and we are still an entire two and half years away from the global event. (Insidethegames.biz)
Russia, India, the Middle East and Latin America have yet to even purchase broadcasting blocks, which will no doubt add to the total revenue figure for 2017 to 2020. Insidethegames.biz is estimating those markets will contribute an additional $.4 billion to bring the entire amount to $4.5 billion, representing a 10% growth over 2009-2012. 10% is considered modest, yet positive in light of both the technological availability of data to eager spectators, as well as the economic turmoil and political unrest that is affecting many regions across the world.
Where does the IOC marketing revenue go? According to the IOC, the organization distributes 90% of revenue to organizers throughout the Olympic Movement, including National Olympic Committees, International Sports Federations and Organizing Committees for the Olympic Games.