ParamountGlobal CEOBob Bakishderided a planned streaming venture backed byDisney,FoxCorp.
andWarner Bros. Discoveryfor having only a subset of sports.
To the consumer point, for the true sports fan, this product only has a subset of sports.
Jude Bellingham of Real Madrid CF attempts a kick during the UEFA Champions League match in November 2023 between Real Madrid and Napoli.Alvaro Medranda/NurPhoto via Getty Images
Its missing half the NFL, a lot of college, has virtually no soccer or golf, etc.
Its hard to believe thats ideal, especially at the price points that have been speculated.
Because of existing distribution commitments, the venture will not be able to undercut existing MVPDs and streaming packages.
Thats a clear opportunity that we continue to exploit and we like.
Marquee sports are locked up until the next decade.
We very much like where we are in sports.
Bakishs skeptical take on the rival sports bundle was the second of the day from the executive suite.
