Facebook Plans to Spend Billions of Dollars to Break Into Live Sports Streaming

Are you looking for a job that gives you a spending budget of a few billion dollars? If so, you should consider applying for Facebook’s latest opening for a top-level executive that brokers sports rights deals.

Per a report from Sports Business Journal, Facebook wants to start negotiating for live sports streaming rights. Setting aside a few billion dollars to start the process may sound like a lot, but to put the number in context, DIRECTV has paid the NFL a reported $1.5 billion every season to own the “Sunday Ticket” package. Plus, ESPN and Turner reportedly agreed to pay the NBA $2.66 billion a year for their current deals.

Considering Facebook’s financial success, it seems streaming deals will inevitably be made with the social media platform. Once it does, it’s safe to assume livestreaming will never be the same. We can hope that means users will see lower prices as more competitors get involved in the livestreaming business.

In the meantime, Facebook continues to look for the right person to bring about its streaming revolution.

What do you think about social media platforms like Facebook getting involved in the streaming game? And speaking of social networking, feel free to follow us on Facebook to get more updates on the ever-changing world of streaming.

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Tyler Abbott

Being a lifelong Lakers fan living in Salt Lake City, Utah, Tyler is passionate about how to watch sports from any location. He also loves watching popular HBO shows like Game of Thrones.
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