Company Places $600 Million Bid For Cricket Streaming Rights — Facebook Sports

Company Places $600 Million Bid For Cricket Streaming Rights — Facebook Sports”

"The biggest challenge for Star was to win the IPL rights and it was also the top focus for the network, now that the lucrative IPL rights are in the bag, the company wants to go all out for the India Cricket rights too as that would establish monopoly and ensure competitors (Sony) don't have any prime cricket property", a source in Star Sports was as quoted by Cricketnext.

Facebook has been in action throughout this year, trying to acquire the streaming rights to different leagues and games.

In pre-market trading today, Facebook shares were in the red. Check out our product announcement here: With 650 million sports fans, Facebook is the world's largest stadium.

Facebook has been looking into more original content for its live video offering, including live sports. Dawson also feels that given the popularity of cricket in India and other countries, trying for the IPL streaming rights was the right thing to do.

The package Facebook bid for reportedly included the rights to the two-month long IPL, which is one of the most-watched sports leagues in the world.

However, what's more interesting about Facebook's bid is that despite the fact it failed, it signifies the most aggressive move by a social media company to edge out traditional television players. The site began introducing live-streamed sports events a year ago when it hosted video streams of a Manchester United-Everton match.

Cricket is the most popular sport in India, with a global audience of more than a billion people. In May, Facebook entered an agreement with America's Major Baseball League to live-stream 20 games this season.

Facebook is willing to pay lots of money for sports.

Facebook isn't the only social media platform to be moving aggressively in the live sports video space.

The IPL's deal covers 60 matches per season for five years, 300 in total, so the media rights deal values a single game at £6.57 million.

Facebook CEO, Mark Zuckerberg explores with sporty side with Dale Earnhardt Jr.

Facebook was also competing with Twitter and Snapchat parent Snap Inc to score the online rights to video highlights from Fox for next year's soccer World Cup, Bloomberg reported in July.

But at the same time, Facebook has yet to lock down streaming rights for a major sports event.

Like this



06 September 2017
Russia Regards Actions against Consulate in the U.S. as Vandalic
The announcement came hours after Russian President Vladimir Putin hinted that might be the next step after the Trump administration ordered diplomats to close annexes in Washington, D.C., and NY , as well as a consulate in San Francisco. "Let us see how effectively the vaunted United States judicial system works", Putin said.

06 September 2017
Gary Sanchez ban reduced to three games; he'll miss series with Orioles
The suspension imposed on the recipient of the New York Yankees Gary Sanchez has been reduced to three games rather than four. It's not clear if Sanchez went through the appeals process or the suspension was eased as part of a settlement.

06 September 2017
Yum Brands Inc (NYSE:YUM) Institutional Investors Sentiment
Highvista Strategies Lc owns 0.61% invested in Yum! Oppenheimer & Company holds 375,571 shares or 0.17% of its portfolio. BidaskClub lowered Yum! Brands from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 10th.

06 September 2017
Swift Transportation Co (SWFT) Has Another Very Strong Trading Session
BidaskClub downgraded shares of Swift Transportation from a buy rating to a hold rating in a research note on Tuesday, July 11th. In other news, CFO Virginia Henkels sold 17,153 shares of the company's stock in a transaction on Friday, August 25th.

06 September 2017
Apple Introduces Wireless, Noise-Cancelling Beats Studio3 Headphones
Beats has announced the Studio3 Wireless, the company's latest iteration of its high-end Bluetooth wireless headphones. Whether this fancy new Pure ANC tech is worth the higher price tag is something we'll have to hear to find out.

06 September 2017
NIA arrests two notorious stone pelters from J&K
A top lawyer, Qayoom is considered a separatist ideologue and a key aide to hardline Hurriyat leader Syed Ali Shah Geelani. The association has made a decision to hold a general body meeting on Tuesday to chalk out the future course of action.

06 September 2017
Mother Teresa Death Anniversary: Nobel laureate declared co-patron of Calcutta Archdiocese
Archbishop D'Souza said people from every religion honored and collaborated with Mother Teresa when she was alive. Mother Teresa died of cardiac arrest at the congregation's motherhouse in Kolkata on September 5, 1997, aged 87.

06 September 2017
Palestinians evicted from Jewish-owned home in eastern Jerusalem
The family - made up of eight people, including young children and two elderly parents - have lived in Sheikh Jarrah since 1964. The fight over property in Jerusalem dates back to thousands of years. "It is happening slowly, slowly", he said.

06 September 2017
Australia GDP Gains 0.8% On Quarter In Q2
The value of coal exports fell 15 per cent thanks to both weaker prices and the aftermath of Cyclone Debbie dragging down volumes. Net exports of GDP came in at 0.3, topping expectations for a flat reading following the 0.7 decline in the three months prior.

06 September 2017
Molson Coors Brewing Company (TAP)'s Beta Coefficient Clearing Picture of Risk Level
Out of 11 Wall Street analysts rating Molson Coors Brewing Company, 5 give it "Buy", 0 "Sell" rating , while 6 recommend "Hold". Archon Partners LLC owned approximately 0.55% of Molson Coors Brewing worth $9,627,000 as of its most recent SEC filing.