Netflix: Sports is the 'go-forward business,' analyst says

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Netflix Nouvelles

National Football League,Jason Bazinet,Sports Broadcasting

Netflix (NFLX) and the National Football League (NFL) have announced a new partnership to bring NFL games to the streaming platform on Christmas Day. This...

on Christmas Day. This move marks a significant shift for Netflix as it ventures into the realm of live sports broadcasting. Citi Managing Director Jason Bazinet joins Yahoo Finance to provide his insights on this deal.

And Jason any uh any line of sight here or even estimates uh what you think the financial terms here might be what they could be spending per game.I mean, the NFL today and aggregate generates about $12 billion for their rights that covers about 272 regular season games. And then, you know, it, it's interesting the announcement because it's two Christmas Day games this year and then two holiday season games in the following years.Yeah, I mean, I think, um, look now we started out where Netflix was against sports and then when they did the deal, um, to do the WWE it was sports entertainment, um, and then on the last earnings call they sort of opened the door to potentially doing sports.

 

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