Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Facebook    FB

Mes dernières consult.
Most popular
Delayed Quote. Delayed  - 10/18 06:29:05 pm
176.13 USD   +0.01%
11:43a FACEBOOK : Train pupils to foil menace
08:48aDJFACEBOOK : Head of Facebook's Hardware Lab Resigns -- WSJ
05:21a FACEBOOK : Head Of Research Lab Regina Dugan To Step Down
News SummaryMost relevantAll newsSector newsTweets

Facebook : not ruling out bidding for Premier League live matches

share with twitter share with LinkedIn share with facebook
share via e-mail
10/04/2017 | 07:14pm CEST

Facebook has refused to rule out entering the bidding to stream live Premier League matches following mounting speculation over a looming rights battle.

Ed Woodward, Manchester United’s vice-chairman, told investors in New York last week that Facebook and Amazon were interested in the last round of Premier League rights deals for 2016-19, which were sold primarily to BSkyB and BT for £8.4bn, and predicted that the tech giants will enter the next auction, which covers the 2019-22 period.

Related: Premier League remains world’s richest courtesy of huge TV revenue growth

The sale of live rights for increasingly large sums of money has been crucial to the success of the Premier League since 1992 and England’s top clubs could prosper even more further if newer media companies, eager to build businesses through subscriptions, decide to challenge Sky and BT’s dominance of a hugely popular market. The threat to traditional broadcasters was made clear when Amazon outbid Sky, paying a reported £10m a year, for the UK rights to the tennis tour last month, its first major live sport acquisition outside the US.

“The Premier League is a very important partner of ours,” Dan Reed, Facebook’s global head of sports partnerships, said on Wednesday. “We work with them to help them reach their audience. It would be premature to speculate on how we might approach that. But they are a very important partner. That speaks for itself. We continue to have an ongoing relationship with the Premier League.”

Reed evaded questions about whether Premier League clubs are talking up interest from Facebook and Amazon as a negotiating ploy and refused to reveal whether discussions about rights have already taken place.

“I’m not going to speculate on what or why the clubs in the Premier League are saying what they’re saying,” he said. “They’re going to make their decision. We have very productive partnerships with clubs in virtually every league in the world. We work with them to help build their audience and content.”

Reed said that it is difficult to imagine negotiating with English clubs individually and denied that traditional broadcasters should feel threatened by Silicon Valley, citing the example of Facebook streaming Fox Sport’s coverage of live Champions League matches.

“We aim to collaborate with broadcasters and rights holders,” he said. “Our partnership with Fox shows that we can have a mutually beneficial relationship. Put aside streaming of games – we help broadcasters all around the world.

“We work with Fox in the US to help them to get people to tune in to events on television, which is the bedrock of our relationship with broadcasters. There are a number of examples where we help broadcasters and we have an excellent relationship with Sky and BT in the UK.”

Related: Premier League TV rights: Simon Green backs BT to fend off Silicon Valley threat

However there are times when Facebook will make direct approaches to rights holders. “We aim to collaborate with broadcasters where possible, but there are also situations where we will collaborate with the rights holders,” Reed said.

Reed explained that Facebook’s interest in sport stems from its potential to connect communities digitally and insisted that it would not veer away from its current model of streaming live events for free. “Sport is very relevant,” he said. “It does bring people together. You can’t say about every content.”

Reed would not speculate about when Facebook would be ready to bid for major events. So far the platform has proved a more attractive location for smaller sports looking to enhance their profile and reach new audiences.

“Some of the biggest successes come from sports which you wouldn’t necessarily expect, like Crossfit,” Reed said. “We have darts and snooker on our platform and they found an audience.”

Copyright © 2017 theguardian.com. All rights reserved., source Guardian Online

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on FACEBOOK
11:43a FACEBOOK : Train pupils to foil menace
08:48aDJFACEBOOK : Head of Facebook's Hardware Lab Resigns -- WSJ
05:21a FACEBOOK : Head Of Research Lab Regina Dugan To Step Down
02:52a BIG UN LTD (ASX : BIG) Big Review TV to Launch TV Shows on Apple TV
10/17DJFACEBOOK : Head of Research Lab Is Resigning
10/17DJFacebook Pitches In on Intel's Coming Artificial Intelligence Chip -- Update
10/17 FACEBOOK : Head of Facebook's secretive hardware unit to step down
10/17DJFacebook Pitches In on Intel's Coming Artificial Intelligence Chip
10/17 A MORAL DEBT EDITORIAL : Why Amazon and other tech companies owe a moral debt to..
10/17 FACEBOOK : Acquires TBH For Undisclosed Terms
More news
News from SeekingAlpha
12:02p FANG : The Default Stocks To Buy When The Market Misbehaves?
10:51a NETFLIX : Why It's Dangerous To Own Now
08:09a Facebook outlines Watch plans, announces new series
07:03a WALL STREET BREAKFAST : Markets Eye China's Party Congress
02:55a EU-U.S. Privacy Shield to pass review
Financials ($)
Sales 2017 39 220 M
EBIT 2017 18 168 M
Net income 2017 16 043 M
Finance 2017 33 505 M
Yield 2017 -
P/E ratio 2017 32,97
P/E ratio 2018 26,97
EV / Sales 2017 12,2x
EV / Sales 2018 9,07x
Capitalization 511 B
Duration : Period :
Facebook Technical Analysis Chart | FB | US30303M1027 | 4-Traders
Technical analysis trends FACEBOOK
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 45
Average target price 195 $
Spread / Average Target 11%
EPS Revisions
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
FACEBOOK51.01%511 458
TWITTER INC14.29%13 489
SINA CORP107.82%8 171
LINE CORP2.74%8 099
MATCH GROUP INC50.82%6 839
MIXI INC28.34%3 817