Airing the Olympics: Comcast’s Brian Roberts & Michael Cavanagh 07/31/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 31 July 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Paris 2024 is NBCUniversal’s 18th Olympics. Brian Roberts, Comcast Chairman and CEO, and Michael Cavanagh, Comcast President, discuss the company’s broadcasting rights to the Olympic Games, state of the media landscape, NBC’s NBA rights deal, and their outlook for media and sports. Joe Kernen, Becky Quick, and Andrew Ross Sorkin then look ahead to the 2028 Summer Olympics in LA with Casey Wasserman, chairman of LA 2028, the company organizing the upcoming Los Angeles games. He shares what he’s learned from France’s organization and how he’ll allocate his nearly $7B budget. Plus, en garde! The Squawk team swaps mics for sabers, taking a swing at fencing with the help of Olympians Miles Chamley-Watson and Maia Chamberlain. Catch all the Olympics events on Peacock and NBC. Brian Roberts & Michael Cavanagh - 22:51 Casey Wasserman - 14:02 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	This is all about hosting the game.
0:04.0	This is Squawk Pod from C and BC.
0:06.4	We're bringing you the best of Squawk in Paris
0:09.4	for the 2024 Olympics.
0:11.2	This episode is all about hosting the games.
0:15.0	My money is tonight will be the highest ratings of the whole thing.
0:20.0	It's NBC Universal's 18th Olympics.
0:23.2	Ratings, energy and performance are all sky high.
0:26.9	Brian Roberts, CEO and chairman of our parent company Comcast,
0:31.1	sits down at Ar our set in Paris.
0:33.6	It's one of the proudest moments, I think,
0:35.3	since we've owned NBC Universal, the Olympics
0:37.6	really done perfectly.
0:39.8	And Comcast President Michael Kavanaugh. All these people are going for gold medals,
0:44.5	and it doesn't matter the sport if you know the story.
0:46.5	And we're so good at storytelling, you get into anything.
0:49.4	And a look ahead to the next games,
0:51.9	with Casey Wasserman, chair of LA 28 which is
0:55.1	hosting the 2028 Summer Olympics in California.
0:58.8	We're not building any permanent venues. Our budget is $6.8 billion and so so from a sustainability standpoint, when you don't have to build
1:04.3	anything, you start in a pretty good place. Plus, on guard, Joe, Becky, and Andrew take a literal swing at fencing. But don't worry, the rest of the games they're sticking to
1:14.2	the stance. That would be my event the first 30 seconds of the floor. Joe was
	...

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