NBC keeps Premier League, deal $2.7B+ for 6 years

Washington, NBC has achieved one of its major objectives over the past year, retaining U.S. rights to broadcast the Premier League for another six years.

The Premier League announced the deal on Thursday. NBC will pay more than $2.7 billion to continue showing the world’s richest soccer competition, reports AP.

NBC won the rights to England’s top league in October, 2012, for $250 million over three years. When the new deal kicks in next season, it will average $450 million per season.

The previous six-year deal, which began in 2016, was worth $1.1 billion, an average of $183.3 million per season.

Interest in the Premier League has grown significantly since NBC first gained the rights from Fox for the 2013-14 season. Matches are averaging 609,000 viewers this season, its highest average through this point since 2015-16 and up 14% from last year.

Premier League matches average 220,000 during the 2012-13 season on Fox and ESPN, which broadcast under a sublicense from Fox.

The partnership has paid off in other ways. NBC ran promos during the first year featuring Jason Sudeikis as a college football coach named Ted Lasso going abroad to coach Tottenham. That evolved into an immensely popular sitcom on Apple TV+ that captured seven Emmy Awards this year.

NBC faced heavy competition in bidding from CBS and ESPN, who put in a joint offer during the second round of bidding. Fox, which holds rights to the 2022 and 2026 FIFA men’s World Cups, did not put in an individual bid during the second round, but partnered with other groups.

International rights have provided a significant uplift in revenue for the Premier League after British rights were extended for another three years with Sky Sports, BT Sport and Amazon Prime Video for 5 billion pounds (around $7 billion). Due to the pandemic, the deals were reached based on existing terms.

The new NBC deal covers the 2022-23 season — which will be interrupted by the World Cup in November and December — and runs through 2027-28. It will cover all 380 matches every season.

Matches will continue to air on NBC and Peacock as well as USA Network, which takes over NBCSN’s schedule when the channel shuts down at the end of the year.

The Premier League also extended for another six years in Australia with Optus Sports.

Source: Bahrain News Agency.