The Real World Cup Prize? Broadcast Rights
In less than three weeks, 32 soccer teams from around the world will square off for the chance to lift the World Cup trophy in South Africa. Thirty-one of them will go home empty-handed. For television broadcasters preparing to cover the tournament, by some measures the world's biggest sporting event, the odds will be nearly as challenging.
The World Cup is expected to provide them with a welcome boost to viewership and advertising. But the soaring price of TV rights means that few will actually make money from the event. Several mainstream, free television channels have found the math so unfavorable that they have ceded broadcast rights to rivals, including pay-TV channels that have previously found it hard to break into the World Cup. In Europe, the Middle East and parts of Asia, more of the tournament than ever before will be shown on premium cable or satellite channels, rather than over-the-air outlets.