×

Recent Changes to Sports Streaming Services 

As the sports streaming industry increasingly moves from traditional broadcasting to digital streaming, there are a number of challenges that organisations across the media industry are juggling. On Episode 29 of The Content & Media Matters Podcast we spoke to Fabio Gallo, the General Manager of Europe and Asia at ViewLift, about his insights into the topic. Here’s what he said: 

What is the impact of this shift from traditional broadcasting to streaming within the sports industry? 

There is a huge transformation right now in the market. The biggest transformation is from traditional distribution, which was mainly business-to-business, to a more business-to-consumer or even direct-to-consumer model. What’s helping lots of our players there, like entertainment broadcasters and sports organisations, to transport content digitally around video streaming platforms. 

I think the big challenge for broadcasters is to not only focus on video quality or the technologies around the streaming platform. There are many things that have to be taken into consideration, from marketing to pricing or business strategies. There needs to be an understanding of the average revenue per user, how you can improve your quality of services, and how you can get better at understanding consumer behaviour. 

Offering personalised content is clearly very important. Companies like us can help those companies to make something very different from what they currently do, not just from a tech perspective but even from a strategy perspective or marketing perspective. Smaller companies or organisations probably don’t have the resources to do things alone. We help companies like that launch different solutions in different markets because every market is different. We can help companies according to the geolocation or market registration.

What are some of the challenges being faced by the sports streaming industry at the moment?

The biggest challenge in sports organisations is balancing profit and loss. There are plenty of sports organisations out there – probably 60-70% – who have yet to launch direct-to-consumer video streaming services. That is a huge market, but at the same time, they’re tiny organisations. Relaunching a service is always about the product but also how much resources the vendor will put into it. What could be the marketing strategy? How can you set up your business strategy from a pricing perspective? How you can tackle the Indian or Brazilian market versus the US, UK or Spanish market? It takes so much expertise to help organisations thrive and to succeed.

How is ViewLift leveraging new technologies to tackle these challenges?

We are talking about artificial intelligence and blockchain. Everything that we do is our own IP, so if we talk about having a very strong recommendation engine that is based on machine learning algorithms that our team created to help companies that have thousands of hours of content in their video libraries. We are working towards different projects in artificial intelligence and working closely with many partners, from cloud partners to fan engagement partners and advertising partners. 

We also like to hear a lot of feedback from clients, so we need to have conversations with our clients on a weekly or monthly basis to collect information to use as a starting point for our journey. We have a lot of roadmaps depending on geolocation, because you need to understand what the struggles are in each country. Innovation is great when it’s in Western countries, but there are many areas where good quality video streaming is more important because you have to get the basics right first. 

To find out more about the changes happening in the sports streaming sector, tune into Episode 29 of The Content & Media Matters Podcast here

We sit down regularly with some of the biggest names in our industry, we dedicate our podcast to the stories of leaders in the technologies industries that bring us closer together. Follow the link here to see some of our latest episodes and don’t forget to subscribe.     

IBC 2023!

IBC 2023 and its over 43,000 attendants were able to enjoy the ever-evolving landscape of the broadcast and media industry, with an increase of 16% when compared to last year. The neuco team itself has been growing, and our own Tegan Valeny participated in the DPP panel, discussing the impact of peak remote working.

Being my first ever trade show, I thoroughly enjoyed being able to see all the tech in person and getting to know industry experts, demonstrating the importance of building long-lasting relationships throughout the industry.

The most prominent conversations included talks of monetisation, sustainability, and, of course – AI! Throughout the industry, media organisations are not only honing in how to drive profitability but also how AI can be used to affect monetisation, through personalised advertising and user targeting.

As well as this, sustainability seemed to be a bigger topic than in previous years, with various companies engaging with this by making their video streaming platforms climate-conscious.

Not only was this my first time ever attending a trade show, but also Amsterdam – this was truly a trip of new beginnings! The architecture, canal and general atmosphere of Amsterdam was fantastic, as was the food and the laughs we shared throughout the neuco team.

As a whole, IBC 2023 was fantastic. Being a history fanatic, I am keen to see how IBC 2024 will be different, what topics will become more relevant, and to see how the industry will expand!