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Tokyo’s economic games get underway | ticker VIEWS

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Tokyo's economic games get underway.

The 2020 Tokyo Olympic Games are officially underway. But in light of the ongoing pandemic, are they really worth it?

We already know that global sporting events can successfully take place in the midst of a pandemic. Take this year’s Formula One season for example, which has moved around the world with relative ease.

Similarly, 15,000 Britons recently attended the Men’s 2021 Wimbledon Final, and up to 60,000 attended the Euro 2020 final at Wembley Stadium.

In each of these instances, authorities have backed the economic argumentgiving fans some much-needed sports action.

Japan has put strict coronavirus measures in place to reduce exposure to Covid-19. This comes despite the nation recording over 850,000 cases, and a devastating 15,000 deaths.

However, Japan is a strong vaccination nation. Around 23 percent of residents are fully vaccinated.

The International Olympics Committee (IOC) says the Games will have “well above” 80 percent of Olympic and Paralympic village residents vaccinated. In addition, between 70 and 80 percent of the media will be vaccinated.

Spectators are banned from this year’s Olympics. All athletes and delegates must be tested before departure and on arrival.

Do people even want the Game to go ahead?

There has been strong opposition to the Olympics taking place. In fact, a local newspaper suggests 80 percent of Japanese people want the Games postponed or cancelled entirely.

Similarly, athletes have also expressed concerns over the Games. Tennis’ World Number 2, Naomi Osaka believes there should be a wider discussion about whether the Games proceed.

“If it’s putting people at risk, and if it’s making people very uncomfortable, then it definitely should be a discussion.”

Naomi osaka

But these aren’t the first Olympics to experience controversy. In fact, there seems to be controversy surrounding most Olympics before they even begin.

Kirsten Holmes from Curtin University says the Tokyo Olympics are no different.

“In previous Games like Athens or Rio, there was a lot of negative press about whether the athlete’s village will be ready on time and the displacement of local people.

“Yet when the events themselves were held, they were very successful. They painted the host city in a positive light on the global stage.”

How much will the Tokyo Games cost?

The already-delayed Tokyo Games are expected to exceed USD $26 billion.

The IOC has a strict agreement with Japanese organisers. In fact, the IOC are the only body that are able to cancel the Games. If Tokyo cancels, they have to foot the bill.

The IOC expects to make 70 percent of its cut from broadcast rights, and an additional 18 percent from sponsorship opportunities.

But remember, the Olympics are funded by taxpayers. So, it might be worth giving the locals a thoughtespecially because international tourism is off the cards.

All eyes are set on Tokyo as the Opening Ceremony gets underway. Photo: @erikzunder

Health vs. economics

In light of the ongoing pandemic, Tokyo is currently under strict state of emergency conditions. This means there will be no bars, restaurants, or karaoke venues operating if they serve alcohol.

Tokyo residents are expected stay at home and watch the games on the couch.

Tedros Adhanom Ghebreyesus, who is the Director-General of the World Health Organisation (WHO) has also chimed in.

“The mark of success is making sure that any cases are identified, isolated, traced and cared for as quickly as possible and onward transmission is interrupted,” he says.

Tedros Adhanom Ghebreyesus

But he also also says “zero cases” may not be a true indicator of success, especially given Tokyo’s increasing Covid-19 numbers.

The Olympic cluster had already grown to over 80 on Wednesday this week, with even more athletes testing positive and unable to travel.

If teammates are listed ‘close contacts’, they can continue training under strict protocols.

But are these rules and protocols designed to limit the spread of the virus? Or are they measures to ensure the Games can proceed? I’m not sure if they are mutually exclusive, and neither does the WHO Director-General.

“The pandemic is a test and the world is failing.”

Tedros Adhanom Ghebreyesus

Mr Adhanom Ghebreyesu predicts more than 100,000 COVID-19 deaths before the Olympic flame goes out on 8 August.

With such strong opposition and rising case numbers, nations have a simple choice: straighten up the health response, or cash in.

Tokyo 2020 might be one of the most successful Olympics of the modern era. As organisers weigh up the costs and hope the rewards outweigh the risk.

We will just have to wait and see. Nevertheless, I suspect the Games might be a welcome relief for locked down communities, and the global sporting community.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Chiefs secure back-to-back Super Bowl titles against 49ers

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Will Patrick Mahomes be hailed as one of the greatest quarterbacks in NFL history? 

The Kansas City Chiefs emerged victorious once again, defeating the San Francisco 49ers 25-22 to claim their second consecutive championship.

The high-stakes game kept fans on the edge of their seats as both teams showcased exceptional skill and determination.

The 49ers, known for their strong defence, put up a formidable fight, but the Chiefs’ offensive prowess ultimately proved too much to handle.

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Quarterback Patrick Mahomes led the Chiefs with a stellar performance, showcasing his prowess with strategic passes and crucial touchdowns.

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As the confetti rained down on the Chiefs, celebrations erupted both on the field and among fans worldwide, marking another historic moment in the team’s legacy.

With this victory, the Chiefs solidified their status as a dominant force in the NFL, leaving fans eagerly anticipating what the future holds for this powerhouse team.

The Chiefs join the Pittsburgh Steelers of the 1970s, the Dallas Cowboys of the 1990s and New England Patriots of the 2000s and 2010s as the only NFL teams to have won three Super Bowls in a five-year span.

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Amazon targets bankrupt Diamond Sports for streaming rights

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Amazon considers acquisition of Diamond Sports as part of its plan to expand streaming portfolio

Sources suggest that Amazon is eyeing the streaming rights for major sports leagues including MLB, NBA, and NHL, signalling the tech giant’s strategic move into the lucrative world of live sports broadcasting.

The potential deal with Diamond Sports would provide Amazon with a significant foothold in the sports streaming market, allowing the company to offer a comprehensive range of live sports content to its Prime Video subscribers.

This move aligns with Amazon’s broader strategy to diversify its entertainment offerings and attract a wider audience. The acquisition of streaming rights for popular sports leagues could make Amazon a major player in the competitive streaming landscape.

Industry experts speculate that Amazon’s interest in Diamond Sports is driven by the desire to capture the growing market for live sports streaming, a segment that has gained immense popularity in recent years.

The acquisition would not only give Amazon access to a vast library of sports content but also position the company as a formidable competitor to traditional broadcasters in the live sports broadcasting arena.

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Disney’s sport streaming goals

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Disney’s ESPN may achieve a $24 billion valuation; potential suitors could involve Apple and Verizon.

In a recent financial report, Bank of America suggests that Disney’s ESPN could be on the verge of reaching a staggering $24 billion valuation. This eye-catching figure has sparked interest from potential buyers, with technology giants Apple and telecommunication leader Verizon being touted as likely contenders.

The valuation surge is attributed to ESPN’s successful digital transition, with streaming services, exclusive sports content, and expanding international markets contributing to its growth. Disney’s acquisition of 21st Century Fox’s sports networks further boosted ESPN’s portfolio, making it an attractive asset for prospective buyers.

Apple, known for its foray into content creation with Apple TV+, could leverage ESPN’s sports content to expand its media empire. Meanwhile, Verizon, with its vast telecom infrastructure and distribution capabilities, could use ESPN to enhance its content offerings and engage a broader customer base.

This development marks a pivotal moment in ESPN’s history, and its future owner could redefine the landscape of sports broadcasting. As the valuation continues to climb, all eyes are on the potential suitors and the ensuing negotiations.

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