However, the gap with men’s competitions remains stark. Omdia Senior Data Analyst Ed Ludlow said: “FIFA caused a stir when it announced that the offers it had received for rights to the Women’s World Cup were 1-2% of the value it had collected for the men’s competition, but a quick glance at other leading leagues reveals that the problem is endemic. As of 2023, Women’s Tennis Association rights are only worth a third of the Association of Tennis Professionals; and the WSL is 0.2% of the value of the Premier League.
“In recent years, women’s sport has seen an uptick in television coverage, healthy attendances at live events, and growing sponsorship revenue. The next hurdle for women’s leagues is securing media rights deals that rival men’s sport.”
The US women’s basketball league, the WNBA, is worth 58 times less than its equivalent male league, the NBA, which takes $3.1bn annually for its media rights.
Women’s sport can attract audiences that do not engage with men’s events. Omdia’s consumer research indicates that 22% of WNBA viewers do not watch the NBA in the US and 12% of WSL viewers do not watch the Premier League in the UK.
Sports streaming service DAZN has launched women’s sport on free ad-supported streaming TV (FAST) channels as well as behind a paywall. Other smaller leagues are joining this trend on a trial basis.
“Streaming service DAZN is placing a heavy emphasis on women’s sport, paying more for media rights globally than any other broadcaster or platform,” concluded Ludlow.
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Fasiha Khan [email protected]
SOURCE Omdia
Originally published at https://www.prnewswire.com/news-releases/omdia-2023-fifa-womens-world-cup-rights-revenue-value-to-reach-70-100-million-in-2023-301878410.html
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