By Carlo Martuscelli
Sky PLC (>> Sky) has extended its rights to show Premier League matches through 2022 for 1.19 billion pounds ($1.65 billion) a year.
The broadcaster said Wednesday that it will show 128 matches per soccer season. The price tag represents a 16% reduction in cost per game compared with its current agreement, Sky said.
The deal will allow Sky first pick of which match to show each weekend as well as 14 second-pick matches, which will be shown on its Sky Sports channel.
Sky is 39%-owned by 21st Century Fox (>> 21st Century Fox), which shares common ownership with News Corp, the parent company of Dow Jones.
Meanwhile, BT Group PLC (BT.A.LN) said it too extended its Premier League rights--for three years, starting from the 2019/2020 season, for GBP295 million per season. The company will show 32 games per season. BT has the rights to market and sell Sky Sports matches.
Write to Carlo Martuscelli at firstname.lastname@example.org
Corrections & Amplifications
This article was corrected at 0939 GMT because the original misstated the stake percentage in the fourth paragraph. It is 39%, not 29%.