Netflix Co-CEO Ted Sarandos confirmed that live sports are still not part of the company’s current content strategy
that the streaming giant could enter the very expensive world of exclusive live sports broadcasting rights, Netflix continues to move in other directions. Co-CEO Ted Sarandos confirmed that live sports are still not part of the company’s current content strategy during a speech at the UBS Global Technology, Media & Telecom Conference on Tuesday.
Sarandos said Netflix hasn’t “seen a profit path” from “renting big-league sports,” during the keynote,He did not shut down the idea altogether for Netflix, but it does not sound as if it’s on the horizon., but called live sports rights a “loss leader” that the company is not currently interested in.
“We’re not anti-sports,” Sarandos said. “We’re just pro-profit. We have yet to figure out how to do it. But I’m very confident we can get twice as big as we are without sports.”—165 million households according to the executive—that did not need the help of a Super Bowl lead-in.Last Chance U, which has been widely credited as helping launch F1’s popularity in the U.S.
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