Game, set, match
From The GIST Sports Biz (hi@thegistsports.com)
Hi there!
It’s been quite a month for golf legend Lydia Ko — she qualified for the LPGA Hall of Fame by winning gold in Paris and had just one thing left on her bucket list: winning another major title before retirement.
- The 27-year-old did just that by dominating the AIG Women’s Open yesterday on one of the game’s most hallowed courses, the Old Course at St. Andrews, which hasn’t hosted a women’s event in more than a decade. Dreams do come true.
Tennis
🎾 Open for business
The GIST: The US Open’s main draws may be happening this week, but the year’s final Grand Slam drew historic crowds last week thanks to its Fan Week activations. On Friday, the United States Tennis Association (USTA) told Sports Business Journal it’s targeting a record crowd of 1M over a three-week period — and seems to be on the right track.
The week: Since 2017, the US Open has welcomed fans during qualifiers and practices, enticing them with free admission and fun, family-friendly activities. This year, Fan Week took place from August 19th to 25th after the USTA added an additional day, and included a concert, star-studded exhibitions, comic books, and even a block party.
- Last year’s event drew 157K attendees over six days, but the USTA is targeting 200K in 2024. Official totals aren’t out yet, but the record 47.8K in attendance for Arthur Ashe Kids’ Day is promising. If Fan Week accomplishes its goal and the main draw surpasses the 2023 record of 799K fans, the US Open could hit that 1M target. Ace.
The why: Per USTA data, Fan Week is an enticing advertisement for the US Open. In 2023, two-thirds of attendees planned to return for the main draw, with half of those respondents planning to buy their tickets after experiencing Fan Week. It also draws an affluent, family-oriented, and diverse crowd to the Open — half of last year’s visitors identified as people of color.
- The tournament has already been widely successful at converting one-time visitors into lifelong fans. This year’s Open saw a 98% subscriber renewal, booked up its suite inventory in April, and sold more tickets in the first hour of 2024 presale than throughout its first five days of presale in 2023.
- With such loyal buy-in, the USTA has been interested in how to further maximize sales — while it can’t add tennis matches, it can add activations like Fan Week to attract more people and give partners like American Express and ESPN more opportunities to engage with consumers.
Zooming out: Endeavors like Fan Week build a culture around the Open that makes tennis engaging and desirable, especially to new fans and their families. And it’s still ahead of the game: Last year’s Fan Week brought in nearly double what the Australian Open’s Opening Week drew in January.
- While other leagues have leaned into fan activations around marquee events, like the WNBA and NBA during their respective All-Star Weekends, they tend to be more focused on advertising. It’s worth offering quality, affordable experiences less centered on branding to get people in the door, as it can create devoted, long-term fans. Game, set, match.
Together With Columbia University
⬆️ Find your leg up
Looking to get ahead in your sports career? Columbia University knows just the place to start. Their Sports Management Master’s program will host its fifth annual Sports Management Conference in NYC on October 10th, and you’re cordially invited.
Wondering what the Sports Management Conference is like? Think this newsletter, but IRL.
- Some of the sharpest minds in the biz, like NBA Commissioner Adam Silver, will discuss what’s next for front offices — and you know the women’s sports renaissance will take center stage.
It’s the perfect place to nerd out with your fellow sports fanatics — and to gain some intel for your career’s next steps. Reserve your spot, then polish your resume and practice your handshake.
🦚 Peacock enjoys YoY subscriber boost after paywalled games, Olympics
Peacock has seen a significant subscriber jump over the past year, partly due to paywalling desired content — like games featuring Kansas City Chiefs quarterback Patrick Mahomes or Indiana Fever star Caitlin Clark — and its strategy for the 2024 Paris Olympics. The streamer counted about 24M paid subscribers last summer, and is expected to reach 76M by the end of the year.
- The other Peacock draw? Viewers aged 18 to 34 boosted the streamer’s monthly usage by 33% in July largely thanks to their love of Love Island USA.
🍸 Aperol spritzes US Open with first U.S. clothing collection
Move over, Honey Deuce — Aperol is here to play ball. The Italian spirit brand is celebrating its second year as a US Open partner with its first-ever U.S. capsule collection inspired by TikTok’s tenniscore trend. Challenge accepted.
📱 Paralympics lead-up continues conversation over controversial TikTok account
The official TikTok account for the International Paralympic Committee (IPC) has over 4.5M followers — more than the WNBA, NHL, and nearly every major U.S. pro sports team. In the last two weeks, the account has garnered 250K new followers as the Paralympics prepare to kick off this Wednesday.
- However, the IPC’s content isn’t popular with everyone. The videos — which offer a humorous perspective on sporting gaffes — have been perceived by some as offensive. But context is key: The mood is very intentional as three of the four TikTok account managers have disabilities and two are former Paralympians. Go sports.
🏉 UK public broadcaster BBC landed exclusive rights to air the 2025 Women’s Rugby World Cup, which will be held in England next August. Got it on lock.
💸 Coco Gauff ranks third among the highest-earning tennis players over the last 12 months with a $27.1M haul, $20M of which comes from off-court endorsements.
📺 Diamond Sports Group finalized deals Friday to continue broadcasting for 22 NBA and NHL teams in their local markets.
📈 Tourism company Destination DC will is serving up its first campaign as a US Open sponsor.
🏛️ The NBA rejected Warner Bros. Discovery’s (WBD) effort to retain its media rights to the league, alleging that WBD did not actually match Amazon Prime’s deal.
🎾 Naomi Osaka’s production company Hana Kuma teamed up with Boardroom for a US Open pre-party attended by ATP world No. 3 Carlos Alcaraz.
🚲 Peloton is riding a high after posting its first revenue increase since 2022 last week, which caused a 35% surge in stock price. Wheelin’ and dealin’.
Here’s what has The GIST team currently hyped:
🏀 Who to know
Al Attles. The legendary NBA coach who led the Warriors to their 1975 title passed away at 87 years old. Known as "The Destroyer," Attles legacy is truly unmatched.
🏒 Who’s forging her own path
Amanda Kessel, who was recently promoted to manager of minor league operations and assistant GM by the NHL’s Penguins — leaving questions about what it means for her PWHL career. Watch this space.
🎥 What to watch
Olympic and Paralympic ads. The brand campaigns capturing all the Games’ excitement are too good not to rewatch.
Today's email was brought to you by Aryanna Prasad and Briana Ekanem. Fact checking by Bonnie Lee. Editing by Dee Lab. Operations by Elisha Gunaratnam and Lisa Minutillo. Ads by Katie Kehoe Foster and Alessandra Puccio. Managing edits by Molly Potter and Ellen Hyslop.