NFL Hit With $4.7B Verdict In Sunday Ticket Trial, Damages Could Triple Under Federal Law
Portfolio Pulse from Benzinga Neuro
The NFL faces a $4.7 billion verdict, potentially tripling to $14 billion, after losing a jury trial over anticompetitive aspects of its Sunday Ticket broadcast package. The lawsuit alleged that the NFL and DirecTV conspired to inflate subscription costs for out-of-market games. Apple and Alphabet were previously in competition for the NFL's TV rights, with YouTube (owned by Alphabet) securing a seven-year contract.
June 28, 2024 | 6:24 am
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NEUTRAL IMPACT
Apple was in competition for the NFL's TV rights, which were eventually secured by YouTube. The verdict against the NFL may impact future negotiations and partnerships.
Apple's involvement in the competition for NFL TV rights indicates potential interest in future deals. The verdict against the NFL may influence Apple's strategy in negotiating similar contracts.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Alphabet's YouTube secured a seven-year contract for the NFL's out-of-market Sunday afternoon games. The verdict against the NFL may affect the value and perception of this deal.
Alphabet's YouTube holds a significant contract with the NFL. The legal and financial repercussions of the verdict may influence the perceived value and future terms of this agreement.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Alphabet's YouTube secured a seven-year contract for the NFL's out-of-market Sunday afternoon games. The verdict against the NFL may affect the value and perception of this deal.
Alphabet's YouTube holds a significant contract with the NFL. The legal and financial repercussions of the verdict may influence the perceived value and future terms of this agreement.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70