Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Facebook    FB

FACEBOOK (FB)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
10/04/2017 | 07:14pm CET

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
0
Latest news on FACEBOOK
12:18aFACEBOOK : Trump Invokes Facebook Executive's Comments on Russian Meddling
DJ
02/17Russian Influence Operation Allegedly Ran Like a Propaganda Startup
DJ
02/17Russian Influence Operation Allegedly Ran Like a Propaganda Startup
DJ
02/17FACEBOOK : Correction to Facebook's Profit Rises, but Users Spend Less Time on N..
DJ
02/16FACEBOOK : Belgium Court Warns Facebook of EUR100 Million Fine for Invading Priv..
DJ
02/16FACEBOOK : loses Belgian privacy case, faces fine of up to $125 million
RE
02/16FACEBOOK : ordered to stop collecting user data by Belgian court
AQ
02/16FACEBOOK : Valley Has No Room for Conservative -- WSJ
DJ
02/16BLACKROCK : More CEO’s are taking their social responsibly seriously
AQ
02/16ENTERGY ARKANSAS : PSC endeavors to correct Facebook message on electric rates
AQ
More news
News from SeekingAlpha
02/16In wake of indictments, Facebook doubling security staff to 20,000 
02/16Naspers Discount To Tencent Narrows On Good News 
02/15FACEBOOK : Valuation Update After Quarterly Results 
02/15A Look At The Robotics Sector And Robot Companies 
02/15WSJ : Thiel executing exit from Silicon Valley 
Financials ($)
Sales 2018 55 370 M
EBIT 2018 25 330 M
Net income 2018 21 521 M
Finance 2018 49 795 M
Yield 2018 -
P/E ratio 2018 24,90
P/E ratio 2019 20,42
EV / Sales 2018 8,54x
EV / Sales 2019 6,48x
Capitalization 523 B
Chart FACEBOOK
Duration : Period :
Facebook Technical Analysis Chart | FB | US30303M1027 | 4-Traders
Technical analysis trends FACEBOOK
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 45
Average target price 221 $
Spread / Average Target 23%
EPS Revisions
Managers
NameTitle
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$)
FACEBOOK1.73%521 506
TWITTER INC39.98%25 069
MATCH GROUP INC32.16%11 448
LINE CORP-5.03%9 787
SINA CORP17.19%8 500
MIXI INC-18.36%2 977