MARKET NEWS

Universities To Offer Streaming Services

By: James Flippin · February 01, 2023 · Reading Time: 3 minutes

Streaming College Sports

Sports are increasingly part of the streaming landscape, and college sports fans may be used to streaming their favorite teams on platforms like Peacock (CMCSA) or ESPN+ (DIS). But what if your favorite college sports program had its own streaming service? Would you tune in?

This hypothetical scenario could soon become reality. The University of Arkansas launched such a service in September 2021, Hogs+, designed to enhance the fan experience by offering a new level of insight into the school’s various sports programs. It offers interviews with athletes, game film breakdowns, and behind-the-scenes looks at the team.

In little more than a year, Hogs+ is already a hit, particularly among one hard-to-reach demographic.

Far-Reaching Fandoms

The University of Arkansas found that Hogs+ primarily attracted out-of-state alumni and fans. Roughly 68% of Hogs+ subscribers live more than 100 miles away from campus.

These statistics also suggest the market for college sports might be bigger than schools think. Sports such as football and basketball command national interest at the college level, and thus are fairly easy to find on cable or online, even outside of local markets. Meanwhile, plenty of subscribers also showed interest in streaming other sports like volleyball or gymnastics, in which case a school-specific streamer, such as Hogs+, might be their only opportunity to view them.

Which Colleges Can You Stream?

Following the launch of Hogs+, schools like Louisiana State, South Carolina, Mississippi State, and Maryland launched their own streaming platforms. If these early adopters are similarly successful, more may follow suit.

A Hogs+ subscription costs $7.99 a month. But, unlike major streamers who have recently prioritized revenue over growth, some of these universities witnessed a bigger perk than profit. Both Arkansas and Oklahoma State, which launched OSU Max at the tail end of 2021, witnessed increased game attendance, fan engagement, and endorsement deals for players after their streaming services went live.

Oklahoma State’s athletic director attributed this to the “storytelling” potential of streaming, which “gives fans the ability to know the people and individuals” on their favorite teams, rather than just seeing jersey numbers on a field. These schools are not simply investing in a platform or a program, but in a community.

Looking for more stories like this? Check out On the Money — SoFi’s one-stop-shop for news, trends, and tips!

Check it out


Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
SOSS23020201

TLS 1.2 Encrypted
Equal Housing Lender