Live sports are giving traditional media companies a much-needed edge against streamers, according to Nielsen’s October report. A packed month of football and playoff baseball fueled major viewership gains for players like Disney, Fox, and Paramount, knocking Netflix down in the rankings.
Shuffling the deck: The old guard saw a significant resurgence, with both Fox and Paramount leapfrogging Netflix for the fourth and fifth spots on the distributor chart. While YouTube held onto its top spot, Disney posted the biggest jump, climbing to over 11% share as it saw gains across both its traditional TV channels and its streaming apps.
Home run numbers: The ratings boosts were dramatic, showcasing the power of live events to draw massive audiences. The MLB playoffs, for instance, sent viewership on Fox's FS1 channel up an eye-popping 285%. Meanwhile, Warner Bros. Discovery also benefited from playoff baseball, with its TBS channel seeing viewership soar by 93% thanks to its exclusive broadcast of the National League Championship Series.
The October data reveals the competitive moat legacy media holds with its live sports rights. The strategy of leveraging can't-miss events on broadcast and cable to drive engagement across an entire ecosystem is a powerful playbook that pure-play streamers currently struggle to counter.
The success of this strategy helps explain why streamers like Netflix and Amazon are now aggressively pursuing their own sports rights. And while traditional TV had a good month, it’s worth noting that streaming still commands the largest slice of the overall viewership pie at nearly 46%. Finally, it wasn't just sports driving numbers; Hallmark also saw its viewership surge 11% by kicking off its holiday movie season early.
