Netflix Is In Talks To Live-stream Its First Sporting Event This Fall; A Celebrity Golf Tournament Featuring Professional Golfers And Formula One Drivers,
Portfolio Pulse from Charles Gross
Netflix is reportedly in talks to live-stream its first sporting event this fall, a celebrity golf tournament featuring professional golfers and Formula One drivers, according to the Wall Street Journal.
June 12, 2023 | 9:22 pm
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POSITIVE IMPACT
Netflix's potential entry into live sports streaming with a celebrity golf tournament could diversify its content offerings and attract new subscribers.
Netflix's entry into live sports streaming could help the company diversify its content offerings, potentially attracting new subscribers and retaining existing ones. This move may also open up new revenue streams through advertising and partnerships. As a result, this news is likely to have a positive short-term impact on Netflix's stock price.
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IMPORTANCE 75
RELEVANCE 100