Facebook and Amazon braced for entry into Premier League broadcasting

Conor Coyle WebFG News | 22 Sep, 2017 09:24 | | |

ep duelo arsenal - chelsea premier

English Premier League clubs could be set to take in even more revenue from broadcasting rights, as tech giants Facebook and Amazon gear up to enter the bidding war in the upcoming months.

According to Manchester United executive vice-chairman Ed Woodward, the US digital giants are preparing to challenge the likes of Sky and BT, who currently share the UK broadcasting rights for the prestigious competition.

The bidding process for the 2019-2022 seasons is due to take place in the new year, with the existing deal currently worth £8.6bn.

Following the release of Man United’s full-year results on Thursday in which the club reported record revenues, Woodward told investors the firms were poised to enter the mix in the upcoming auction.

The bidding process for the 2019-2022 seasons is due to take place in the new year

Asked specifically whether Amazon and Facebook would become involved, he said: "Absolutely, I think they will enter the mix."

"We are hearing that around the Premier League table and we are also hearing that from a European perspective in terms of interest in the Champions League and Europa rights. I do think we are going to see an increasing engagement from these and we would welcome the interest."

The two US companies have been dipping their toes further and further into the sports industry in recent months, with Facebook now showing Thursday night NFL games through its platform, while Amazon has recently taken on the UK rights for the ATP tennis tour.

The Premier League has major reach even outside the UK, with many firms keen to exploit the international exposure of the competition.

More news

11 Dec US close: Markets continue run further into record territory

Markets in the US pushed further into record territory on Monday, as investors eyed a rate announcement from the Federal Reserve later in the week.

11 Dec Tuesday preview: November CPI, Ashtead results in focus

All eyes will be on the November CPI report on Tuesday which hopefully - for the Bank of England governor - will show the rate of increase in the cost of living stuck at 3.0%, allowing him to avoid having to pen a letter to the Chancellor explaining why he has allowed inflation to err more than 1.0 percentage above the Bank of England's target.

11 Dec Director dealings: Two Berkeley Group insiders sell at 52-week high

A person closely associated with The Berkeley Group's Sean Ellis cashed in on a large batch of shares of the luxury homebuilder at the start of the week.

11 Dec Canaccord ups target on Berkeley but stays at 'hold' on outlook

Analysts at Canaccord Genuity stuck to their 'hold' recommendation on shares of homebuilder Berkeley Group, but revised their target price sharply higher given the outfit's multiple strong points.

11 Dec Broker tips: TalkTalk, Berkeley Group, Inmarsat

TalkTalk will be forced to cut its dividend payout next year in order to meet its debt covenants, analysts at Jefferies estimated.

11 Dec Sector movers: Miners gain on Citi note, Chinese credit data

Miners found a bid at the start of the week on the back of positive commentary out of analysts at Citi and the release of stronger-than-expected bank lending and credit figures in China.

11 Dec Europe close: Stocks slip ahead of US Fed rate decision

Traders opted to be play it safe on Monday, keeping their cards close to their chests ahead of the US central bank's policy announcement on Wednesday.

11 Dec London close: Footsie gains on pound, strength in mining and oil equipment names

London stocks pushed higher on Monday as investors digested the latest on Brexit and looked ahead to a week of central bank updates.

11 Dec US open: Dow Industrials, S&P 500 push further into record territory

The Dow Industrials and S&P 500 were pushing further into record territory on Monday afternoon as investors eyed a rate announcement from the Federal Reserve later in the week.

11 Dec HSBC money laundering charge to be lifted by US authorities

The US Department of Justice is due to lift the deferred charges placed on UK bank HSBC for alleged money laundering in Mexico.