"The Premier League has secured a 25% increase on the value of its broadcast contact in South America and the Caribbean by agreeing a new deal with the American network ESPN. The Guardian has learned that ESPN has agreed to extend its long-standing partnership with the Premier League until 2031, with the new deal understood to be worth about 450m."
"Every Premier League game is already available live in overseas markets, with the new ESPN deal indicating that demand remains strong. The Premier League's overseas TV contracts are already more lucrative than its domestic deals, bringing in 2.1bn each year compared with that 1.67bn, and that income gap appears set to grow in subsequent years."
ESPN extended its Premier League partnership through 2031 in a deal understood to be worth about 450m, producing a 25% uplift in South America and Caribbean broadcast value. Clubs were informed at a shareholders' meeting and told that other regional TV rights will be tendered shortly. Overseas demand remains strong while the domestic market is flat or slightly falling. UK deals rose from 1.63bn to 1.67bn by expanding televised matches from 215 to 270, but per-game value fell roughly 10%. The league is discussing lifting the 3pm Saturday blackout from 2029 to sell all 380 matches. Overseas contracts bring in 2.1bn annually versus 1.67bn domestically, and the US rights, currently paid 378m a year by NBC until 2028, will be retendered after the World Cup.
Read at www.theguardian.com
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