Now many big tech companies are coming forward to stream live sports. Facebook is not an exception. This popular social networking site might start streaming.
Now many big tech companies are coming forward to stream live sports. Facebook is not an exception. This popular social networking site might be seen streaming live sports very soon.
Facebook is planning to hire an executive to achieve the end result. The company has started taking interviews for this purpose, said John Ourand.
Moreover, the job holder will have the budget of a few billion dollars. It will be spent on the global rights deal. There is no confirmation or comment from Facebook. But we can trust the comment given by John until any development comes from Facebook.
A few billion dollars is a huge amount. But you should also know that how long it will take and what will be the additional features. Besides, a few billion dollars might not be a big amount when it comes to the sports rights deals.
For example, DirecTV agreed on 1.5 billion to pay NEL for a year to get rights for “Sunday Ticket” in 2014. Turner and ESPN are also paying $2.66 billion a year to the NBA.
From these examples, it is clear that the TV sports rights demand a huge amount and you might see some major changes in the years to come. Facebook might not buy any exclusive rights anytime soon.
A few billion dollars will go a long way if it is all about streaming-only deals that will be sold alongside the traditional TV deals. NFL is following the same principle for its Thursday night games since the last few years. NFL sold this digital right to Twitter for $10 million last year. Amazon got that right this year for $50 million.
Facebook bid $600 million. It will be $120 million a year and the deal will go for five years to stream live cricket matches in India. But Facebook did not get any deal. Star got the deal with the payment of $2.6 billion that will include a TV plus digital deal. A good sign is that Facebook is now interested to spend more on sports.