🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Amazon, Facebook May Make A Play for Live Sports Rights

Published 16/03/2018, 03:07 am
AMZN
-
CMCSA
-
META
-

Investing.com - Amazon (NASDAQ:AMZN) and Facebook (NASDAQ:FB) may soon be a regulation destination for live sports fans.
The two tech giants, which have dabbled in live sports content, are likely to compete with broadcast and cable TV networks for major sports programming contracts that become available in the next few years.
That's the thesis of research firm GBH Insights.
The firm says Amazon and Facebook have the money and audiences to become major players in the business.
Amazon live streamed 10 National Football League, NFL, games in 2017, which were available only to members of its Amazon Prime service. Facebook carried some college football games and European soccer matches in 2017, and will live stream 25 Major League Baseball, MLB, games this year.
GBH says existing media rights deals with the NFL, MLB and National Hockey League are set to expire in 2021.
Traditional sports programming players such as Comcast (NASDAQ:CMCSA) and Walt Disney are trying to expand their hold on the business through acquisitions. Disney is even launching its own streaming service, which will include an ESPN sports package.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.