"Netflix has spent years politely rebuffing Premier League and Uefa entreaties to bid for their TV rights, so it would be ironic if it picked them up by default. That intriguing outcome is a possibility as a result of the $100bn-plus takeover battle for Warner Bros Discovery (WBD) between Netflix and its streaming rival Paramount Skydance which will shape the future not only of Hollywood but global news."
"Netflix struck an $82.7bn deal early last month to buy WBD's studio and streaming businesses, before Paramount made a $108.4bn hostile takeover offer direct to WBD's shareholders just before Christmas. Netflix has not bid for WBD's Discovery Global network of channels, such as CNN, the Discovery Channel, Eurosport and TNT Sports US, but its deal does include TNT Sports' UK operation, which has domestic rights for the Premier League until 2029 and Champions League until 2027."
Netflix struck an $82.7bn deal to buy Warner Bros Discovery's studio and streaming businesses, while Paramount Skydance made a $108.4bn hostile takeover offer directly to shareholders. Netflix's deal excludes Discovery Global channels such as CNN, Eurosport and TNT Sports US, but includes TNT Sports UK, which holds domestic Premier League rights until 2029 and Champions League rights until 2027. The takeover battle exceeds $100bn and will likely require US government signoff, with significant implications for sports broadcasting. Larry Ellison offered a personal guarantee of over $40bn to back Paramount's bid, a move reportedly favored by President Trump.
Read at www.theguardian.com
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