Why Tech Companies Keep Buying Sports Rights No-One Cares About
This past week saw both Twitter and Facebook sign deals with recently-launched sports network Stadium for live coverage of various college sports. Both companies had earlier signed TV streaming deals for a number of other bits and pieces of sports content, none of them particularly compelling. In a world where sports content is one of the few slices of live TV still holding up reasonably well as viewing shifts to on-demand and streaming, why aren’t these companies buying more interesting stuff? The answer lies largely in the long-term deals signed by the major sports leagues in the US.
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