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.
Ted Sarandos: Netflix Is Not ‘anti-sports,’ It’s ‘pro-profit’
Brian Welk, IndieWire
Tue, 12/06/2022 - 2:30pm
Topics: it s ted sarandos amazon thursday night football apple mlb mls december ubs global tmt conference we re squid game bowl netflix s formula drive survive if chris rock technically netflix sarandos sarandos formula espn anti-sports pro-profit live rights league years figure impact economics asked big programming streamer major million series concert television idea hasn find renting
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