Netflix users on the rise amid gaming surge


Another AP Top 25 preseason poll, another No. 1 ranking for the South Carolina women’s basketball team. Dawn Staley’s Gamecocks are the favorites to win it all for the second year in a row, receiving 14 of 29 first-place votes.

Netflix / Design: Alex Brooks

Netflix saw solid growth in the third quarter, with the development of new lines of business including games.

The company brought in $ 7.48 billion, 13.5% year-on-year growth and an increase of 1.3% from the previous quarter. His bottom line jumped 83.4% year over year to $ 1.45 billion.

The streaming giant maintained its global lead over subscribers, adding 4.4 million users to reach a total of 213.6 million. The company said it held a 6% share of total US viewing time in September, tied with YouTube for top streamers.

Netflix has been outspoken about its ambitions to break into the game.

  • In July, the company hired former EA and Facebook executive Mike Verdu, who worked on “The Sims” and “Plants vs. Zombies” franchises, as it gets into gaming.
  • The company reiterated on Tuesday that “games on Netflix will be included in members’ subscriptions and will not have any ads or in-app purchases the game is therefore purely focused on fun versus monetization. “

Netflix indicated in its letter to shareholders that it held cash “to reinvest in our core business and to finance new growth opportunities such as games, followed by selective acquisitions”.

The streamer acquired maker “OXENFREE” Night School Studio in the third quarter and began testing game offerings in select countries.

UEFA Euro 2020 / Design: Alex Brooks

Fox Sports is set to finalize a deal to take over the broadcast rights for the UEFA European Championship from ESPN, which has owned the rights since 2008, according to Sports Business Journal.

The report notes that an agreement for U.S. rights, which would likely last until 2028, is expected to be announced in the the next two weeks – the conditions are still being negotiated.

A deal would include rights to the Euro 2024 and 2028 championships, as well as the UEFA Nations League and European qualifiers. ESPN paid $ 115 million for Euro 2020 only, and UEFA is looking for $ 300 million in total for the next two events.

The euros would add to a long list of football shows for Fox.

  • Fox owns the broadcast rights in the United States to the world Cup after paying $ 425 million for the events of 2018 and 2022.
  • In 2015, this agreement has been extended to also include the 2026 World Cup and the 2023 FIFA Women’s World Cup.
  • Earlier this year, Fox began his six-year contract with Conmebol, including three women’s Copa Americas and the men’s Copa America in 2024.

CBS, NBC and ESPN have all reportedly been in talks for the rights.

Wolverhampton Wanderers / Design: Alex Brooks

American money continues to flow into European football, as Chicago-based investment firm Peak6 has taken a stake in the Premier League’s Wolverhampton Wanderers.

Peak6 purchased an undisclosed minority stake in Fosun Sports, a newly formed holding company that operates the team and its associated brands. Fosun Sports is a subsidiary of Fosun International, a Chinese company that bought Wolves in 2016 for $ 62.1 million.

Peak6 will look at “accelerate the club’s growth in North America providing capital, expertise, visibility and activation opportunities for Wolves and Wolves Esports across the United States, ”the team said Tuesday.

American investors have become more interested in European football clubs, sometimes replacing Chinese investors.

  • In May, Los Angeles-based Oaktree Capital purchased a 31% stake in Inter Milan Hong Kong-based LionRock Capital in a $ 336 million deal.
  • Ares Management Corporation has acquired a 34% stake in Atlético de la Liga in June.
  • Earlier this year, New York investor Robert Platek and Miami’s 777 Partners bought Italian clubs Spezia and Genoa, becoming the sixth and seventh owners of the American Serie A, respectively.

Peak6 also has an esports organization Evil geniuses and previously held stakes in Serie A squad AS Roma, EFL championship club AFC Bournemouth and the NHL’s Minnesota Wild.

Evil Geniuses has partnered with Wolves since July, when Fosun invested in the company at a $ 255 million Evaluation.

The National Rugby League is reportedly set to secure a five-year broadcast rights extension with Australian broadcaster Nine in a deal worth $ 445 million.

Nine and NRL have been discussing an extension for several months, and a deal is expected to be reached within the next two weeks.

If both parties come to an agreement, the extension would be the the most lucrative free network agreement on an annual basis the LNR has obtained since its launch in 1998.

The NRL will use the funding to fund its expansion franchise, Redcliffe Dolphins. The 17th NRL franchise will join the league in 2023.

  • NRL’s current deal with Nine – which expires next year – is worth $ 85.2 million per year.
  • The two entities have agreed to a reduced rate until the end of 2022 due to the pandemic.
  • Neuf pays the NRL about $ 7.4 million per season in “contra” or free advertising.

The potential deal has met with criticism and competition.

In August, Australian Rugby League Commission chairman Peter V’landys raised concerns over Nine’s lack of promotion. Free-to-play network rival Channel Seven is also competing with Nine for rights to the rugby league.

In total, the NRL pocketed approximately $ 1.5 billion of its broadcast agreements, which include the sub-licensing of five games per week to Foxtel.

  • Conference USA Charlotte, Florida Atlantic, North Texas, Rice, UAB and UTSA schools are would have is expected to apply for membership in the American Athletic Conference as early as this week, with the conference expected to accept nominations.
  • ViacomCBS CEO Bob Bakish said the company’s current strategy focuses on its streaming “organic plan”, minimize speculation on its interest in a possible merger.
  • Vanessa Bryant has deposit the “KB24” trademark for a sports and entertainment brand comprising digital collectibles, websites, training camps, broadcast platforms and other entertainment platforms.
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