How the Super Bowl Halftime Show Is Made

Speakers

Rhonda Williams — Sports Business Reporter, Bloomberg

Apple Music replaced Pepsi as the Super Bowl Halftime Show sponsor, reportedly paying $50 million for the rights, signaling a shift in advertising dominance from Consumer Staples to Big Tech.
The NFL has ceded creative control of the booking process entirely to Jay-Z and Roc Nation to modernize the act and navigate cultural controversies (e.g., Colin Kaepernick).
The "Bonito Bowl" (Bad Bunny) highlights the globalization of the event, with the show becoming a critical vehicle for international artist exposure and monetization.

Ticker	Direction	Speaker	Thesis	Time
PEP	WATCH	Rhonda Williams Sports Business Reporter, Bloomberg	"That performance led to Apple Music, replacing Pepsi as the halftime show sponsor..." The loss of the single most valuable advertising slot in US media suggests a potential pivot in marketing strategy or a tightening of ad spend for the beverage giant. It symbolizes the broader market rotation where "Growth Tech" outbids "Consumer Staples" for mindshare. WATCH (Monitor for potential loss of brand relevance among younger demographics). Pepsi may simply be reallocating capital to more efficient digital channels (bullish efficiency).	—
AAPL	LONG	Rhonda Williams Sports Business Reporter, Bloomberg	"That performance led to Apple Music, replacing Pepsi as the halftime show sponsor, reportedly paying $50 million for the rights." Apple is aggressively deploying its cash pile to secure premier cultural real estate, displacing legacy consumer incumbents (Pepsi). This move is not just branding; it is a strategic customer acquisition cost (CAC) play to drive "Services" revenue and lock users into the Apple ecosystem against competitors like Spotify. LONG (Bullish on Services segment growth). High marketing spend failing to convert to net-new subscribers; saturation in the music streaming market.	0:00