Aug 6, 2017

Tech giants could beat out TV networks for sports deals

Charlie Riedel / AP

"TV's Sports Problem: Amazon, Facebook, and Google could soon challenge the networks for big-time sports. And they've got deep, deep pockets" — Barron's cover story by Jack Hough:

  • Amazon "Agreed to pay NFL "$50 million for streaming rights to 10 Thursday Night Football games... five times what Twitter paid last season."
  • "For now, streaming is a mere sideshow to television in sports... But Amazon's encroachment should give media investors pause. Viewership trends in television are weak, and they're worse without sports."
  • Why it matters: "As those rights come due, the networks could enter an unwinnable bidding war with Amazon, Facebook and Alphabet."

1 stat says it all: By 2020, "Wall Street predicts, the big four TV networks and their parent companies — with their theme parks, movies, and other ventures — will generate a combined $30 billion in free cash flow. Alphabet, Facebook, and Amazon... more than $100 billion."

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Why it matters: While Twitter added fact-check labels and hid the president's most inflammatory tweet — "when the looting starts, the shooting starts" — Facebook has said Trump's statements do not violate its policies, and that the platform aims to promote free speech.

This story is developing. Please check back for updates.

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Coronavirus dashboard

Photo Illustration: Sarah Grillo/Axios. Photos: Noam Galai, Jamie McCarthy, Josep Lago/AFP, Alfredo Estrella/AFP, and Narayan Maharjan/NurPhoto, all via Getty Images

  1. Global: Total confirmed cases as of 12:30 p.m. ET: 6,206,773 — Total deaths: 372,752 — Total recoveries — 2,661,643Map.
  2. U.S.: Total confirmed cases as of 12:30 p.m. ET: 1,793,780 — Total deaths: 104,3450 — Total recoveries: 444,758 — Total tested: 16,936,891Map.
  3. Public health: Fauci says“My meetings with the president have been dramatically decreased” — Coronavirus looms over George Floyd protests across the country.
  4. Climate: Your guide to comparing climate change and coronavirus.
  5. Economy: A busy week for IPOs despite upheaval from protests and pandemic.
  6. World: Former FDA commissioner says "this is not the time" to cut ties with WHO.