The deal to broadcast matches exclusively on Prime would cost Amazon EUR 80-90 million, sources said.
Amazon is nearing exclusive rights to broadcast Champions League matches on Prime Video in Italy
Amazon is set to secure exclusive rights to screen top European Champions League matches in Italy for the 2021-2024 seasons, three sources close to matter said, in what would be its first foray into broadcasting sports events in the country.
UEFA last month invited broadcasters to submit bids for the rights to screen Europe's premier soccer competition in Italy, in one of the biggest broadcasting rights sales in the European soccer industry after the outbreak of the coronavirus this year.
Amazon is nearing exclusive rights to broadcast Wednesday's Champions League matches on its streaming platform Prime Video in Italy for some EUR 80 million (roughly Rs. 696 crores) -90 million (roughly Rs. 783 crores), the sources said, in a move seen as a way to boost its Prime subscription service. Italy's top pay-TV broadcaster SKY, owned by US Comcast's is nearing a deal to buy most of Champions League matches and Europa League matches, the sources said.
SKY's bid was worth about EUR 100 million (roughly Rs. 870 crores) -110 million (roughly Rs. 957 crores) per season, two sources said. Italy's top commercial broadcaster Mediaset is close to winning non-exclusive rights for top Champions League matches to be played on Tuesdays for some EUR 45 million (roughly Rs. 391 crores) -50 million (roughly Rs. 435 crores), the sources added. Final sale results of the deal are expected to be announced by the end of this week, the sources said. One source said a separate tender to sell Europa League streaming rights might be held in January, as SKY was unable to buy those rights due to an Italian antitrust ruling preventing the pay-TV from securing exclusive contents for its video-streaming platform.
In 2017, SKY bought exclusive rights to broadcast Champions League and Europe soccer matches in Italy for an estimated EUR 270 million (roughly Rs. 2,350 crores) per season.
SKY and Amazon declined to comment. Mediaset said it was still waiting for the rights to be awarded.
© Thomson Reuters 2020
Are iPhone 12 mini, HomePod mini the Perfect Apple Devices for India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.
Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.