Mar 10 • 19:30 UTC 🇧🇷 Brazil Folha (PT)

Without Globo, company says Series B lost 74% of audience and tries to renegotiate contract with CBF

A company involved in the naming rights and advertising for Brazil's Series B football league reports a significant drop in audience and seeks to renegotiate its contract with the CBF.

Brax, a company responsible for selling naming rights and advertising for Brazil’s Series B Championship, has reported a staggering 74% decrease in audience numbers, plummeting from 58 million to just 15 million viewers. This dramatic decline is largely attributed to the absence of coverage from Globo, a major Brazilian broadcasting network, which has left the league struggling to attract viewers and sponsors. As a result, the company is facing significant challenges in selling advertising space to potential partners due to the diminished visibility of the tournament.

The situation underscores the critical role that media coverage plays in the financial health and popularity of sporting events. Brax is now attempting to renegotiate its contract with the Brazilian Football Confederation (CBF) to address these challenges and possibly adapt the terms to reflect the current market conditions. Their efforts highlight the ongoing tensions between traditional media and sporting leagues, especially as audiences change how they consume sports content.

This reduction in audience is not just a concern for advertisers but also poses a broader threat to the financial stability of the league itself, which relies heavily on media rights and sponsorship deals for revenue. If these trends continue, the CBF and its partners may need to rethink their strategies to revive interest in the league and ensure its viability going forward.

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