Future Tech
Netflix Co-CEO sees no current path to profitability in 'renting big sports'
Netflix Inc Co-Chief Executive Ted Sarandos on Tuesday said he sees no sees no current path to profitability by bringing live sports to the streaming service.
Sarandos said the economics of professional sports were built around the economics of television -- and buying rights is expensive.
"We've not seen a profit path to renting 'big sports today," Sarandos said in remarks at the UBS Global TMT conference.
- Reuters
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
