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Joe Pompliano: Netflix to pay $500 million for NFL package this year

Joe Pompliano: Netflix to pay $500 million for NFL package this year
Netflix pays $500 million for NFL rights

Joe Pompliano, founder / author at The Pomp Business Newsletter, reports that Netflix is investing heavily in its sports content strategy by securing major events rather than focusing on the overall volume of games. Bloomberg estimates the streaming company could pay about $500 million for its latest NFL package, which represents 2.5% of Netflix's $20 billion content budget this year.

Pompliano has recently highlighted other significant sports business figures. In a previous article, he reported that a team sold 2.2 million tickets and $60 million in merchandise. The team also maintained a strong presence with 40 million social media followers.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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