Traditional media companies are watching the new arrivals warily. Sky says the latest 70 percent increase in the cost of Premier League matches—it has the rights to 126 games a year—caused a 6.2 percent drop in operating profit. In the U.S., ESPN Inc. has seen rights for the NFL rise to $1.9 billion annually from $600 million two decades ago, spurring it to cut staff and launch a digital push as its subscriber numbers decline. Fox, CBS, and NBC each pay about $1 billion annually to show NFL games, about double what they paid two decades ago, researcher IHS Markit says. - Joe Mayes, Bloomberg Businessweek [via/web:http://streaming-tv.us]
No comments:
Post a Comment