Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com    AMZN

AMAZON.COM (AMZN)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

Eleven Sports takes on Sky and BT with IMG-backed UK channels

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/12/2018 | 07:42pm CEST
FILE PHOTO: Juventus v Udinese - Italian Seria A

LONDON (Reuters) - Global sports broadcaster Eleven Sports is to launch two new channels in Britain and Ireland showing live matches from the top Italian and Spanish soccer leagues, taking on Sky and BT in the race for viewers.

Eleven Sports delivers upwards of 30,000 live hours per year to more than 17 million paying customers in markets including the United States, Singapore, Myanmar, Italy, Poland and Portugal.

Led by the former head of TV at BT, Marc Watson, Eleven Sports has also agreed for the global sports, events and talent management company IMG to take a minority stake in its new British channels.

By securing the rights to the likes of Juventus versus AC Milan in Britain, Eleven Sports is taking on Sky and BT which have battled each other for years to sign up sports viewers, and cross-sell them other services such as broadband and TV.

Matches in Spain's La Liga had been shown by Sky, while BT had shown games from Italy's Serie A.

"The time is right for a new entrant," Watson told Reuters. "We've made a great start with two of the biggest leagues in the world and we'll be the only place to see matches like El Classico," he said, referring to the showdowns between Real Madrid and Barcelona.

The ownership of sports rights has become a key battleground for media companies in recent years, as it proves one of the few types of content that consumers will subscribe to in a world of cheaper online streaming via Netflix and Amazon.

In 2015, Sky and BT stunned their investors when they paid a record 5.14 billion pounds ($6.8 billion) to show English Premier League soccer matches over three years, forcing them both to cut costs elsewhere and miss out on other rights.

When the most recent rights auction came around this year, they paid less for their new packages, against expectations of a further hike. They have also agreed to share content by making their channels available on each other's platforms.

"The appetite for the local players to hold all of the available sports content exclusively has reduced and the appetite to spend ever-increasing amounts of money on sports content has also reduced," Watson said.

"Because of that, rights fees have started to fall in the UK. That has created opportunities for players like us to come in and buy rights for what we consider to be a good price."

Eleven Sports, founded by its chairman Andrea Radrizzani who also owns English soccer club Leeds United, will make its two channels available from August. Customers will be able to agree an annual subscription or pay per month.

The channels will be available online, and the group is in talks with all the distribution platforms from pay-TV to mobile phone groups to carry them. Watson said the group has won other content but was not yet ready to announce it.

($1 = 0.7564 pounds)

(This story Changes headline to show IMG is only backing UK channels)

(Editing by Mark Potter)

By Kate Holton

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM 2.08% 1974.55 Delayed Quote.63.75%
BT GROUP -0.49% 224.35 Delayed Quote.-15.77%
LIBERTY GLOBAL PLC 2.29% 29.01 Delayed Quote.-19.06%
NETFLIX -0.05% 369.43 Delayed Quote.88.16%
SKY 0.03% 1726.51 Delayed Quote.70.55%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMAZON.COM
06:02aAMAZON COM : Expands Grocery Delivery And Pickup From Whole Foods Market To More..
BU
09/25Spotify, Deezer and others call for stronger EU action against U.S. rivals
RE
09/25Shoppers Love Rewards Credit Cards. Retailers Hate Them.
DJ
09/25AMAZON COM : Iconic Sports Journalists Hannah Storm and Andrea Kremer to Provide..
BU
09/25AMAZON COM : Audible and Ryerson University Announce a Collaboration to Develop ..
BU
09/25SALESFORCE : and AWS Expand Global Strategic Alliance to Accelerate Enterprises'..
PR
09/25Iberdrola plans to boost U.S. renewable power by about 50 percent - CEO
RE
09/24AMAZON MADE TWO MOVES FOR DELIVEROO, : Telegraph
RE
09/24Debenhams can grow again, says boss
RE
09/24UK's Debenhams can grow again, says boss
RE
More news
News from SeekingAlpha
09/25Tesla's Supercharger Moat Is Under Siege 
09/25Amazon's Alexa Fund invests in first homebuilder 
09/258 Key Issues Hedge Funds Are Ignoring About Spotify 
09/25BULLETPROOF INVESTING PERFORMANCE UP : Week 43 
09/25Amazon Has $7.9 Billion Reasons To Buy 20,000 Vans 
Financials ($)
Sales 2018 235 B
EBIT 2018 11 046 M
Net income 2018 8 597 M
Finance 2018 17 382 M
Yield 2018 -
P/E ratio 2018 115,01
P/E ratio 2019 78,76
EV / Sales 2018 4,02x
EV / Sales 2019 3,25x
Capitalization 963 B
Chart AMAZON.COM
Duration : Period :
Amazon.com Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMAZON.COM
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 47
Average target price 2 095 $
Spread / Average Target 6,1%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Tom A. Alberg Independent Director
Thomas O. Ryder Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM63.75%963 069
WAYFAIR INC66.91%12 347
QURATE RETAIL INC-8.39%10 344
START TODAY CO.,LTD.-1.43%9 162
MONOTARO CO.,LTD.83.15%6 999
B2W COMPANHIA DIGITAL34.63%3 085