Comment on Ted Sarandos: Netflix Is Not ‘Anti-Sports,’ It’s ‘Pro-Profit’

Ted Sarandos: Netflix Is Not ‘Anti-Sports,’ It’s ‘Pro-Profit’

Why doesn’t Netflix have major sports rights yet? It’s a question that’s been asked of co-CEO Ted Sarandos for years, but it’s come up again now that Amazon has “Thursday Night Football” and Apple has MLB and MLS rights. Asked on December 6 at the UBS Global TMT Conference, Sarandos said that they still like the idea of sports, but the streamer hasn’t been able to find a path to profit when it comes to “renting big sports.” Sarandos said that the economics for live sports are all built around pay television, not streaming, and the idea of acquiring live rights to a major sports league is still “dramatically more expensive” than they’d like.

 

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