Paramount renews U.S. rights to Champions League valued at $1.5 billion
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Paramount Global renewed its U.S. media rights to Champions League football matches in a deal valued at more than $1.5 billion over six years, more than doubling the size of its previous contract in a sign of the sport’s growing popularity with Americans. The owner of the CBS network and Paramount+ streaming service will air the annual tournament featuring Europe’s top football teams under a new agreement that runs from 2024 to 2030.
AI Summary
Main Idea: Paramount Global renewed its U.S. Champions League rights in a six-year deal worth more than $1.5 billion, betting that soccer’s popularity will keep growing in the U.S.
Key Points:
- The new deal runs from 2024 to 2030 and raises Paramount’s cost to about $250 million a year, up from about $100 million.
- UEFA had wanted about $2 billion for English- and Spanish-language rights combined, but it held back on selling Spanish rights for now.
- The agreement shows how much sports rights have risen in price, with other major leagues also signing much bigger deals.
- Paramount said the Champions League has helped Paramount+ grow, and the 2022 final drew a record U.S. TV and streaming audience.
Impact on the People
Negative Impact
Paramount+ may raise prices or spend less on other shows to cover the costly sports deal, which could pass higher costs to households.
Positive Impact
US fans may get more Champions League games and better coverage on CBS and Paramount+, and the sport may keep growing in the United States.
How did each entity affect people?
Rate how each entity in this article affected the American people.
- Primary:Paramount Globalcompany
Candidate Entities8 candidates · 5 weighted vote min · 70% decision
- Paramount GlobalcompanyPrimaryEvaluated
Central company renewing the U.S. Champions League rights deal and paying the reported fee.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Union of European Football Associationsinternational organizationPrimaryAI selected
Rights holder negotiating and awarding the Champions League media deal.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Comcast Corp.companyMajorAI selected
Major media company referenced as a comparable bidder and sports-rights rival.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Relevent Sports GroupcompanyMajorAI selected
Ran the bidding process and played a direct role in brokering the deal.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Apple Inc.companyContextCandidate
Cited as a major sports-rights spender in the broader comparison.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Telemundomedia outletContextCandidate
Rival Spanish-language sports outlet mentioned in the rights context.
Include 0 (0%)Ignore 0 (0%)5 to threshold - TelevisaUnivision Inc.companyContextCandidate
Holder of Spanish-language rights and part of the competitive rights landscape.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Stephen M. RosspersonMinorCandidate
Named co-founder of Relevent Sports Group and Miami Dolphins owner connected to the bidding process.
Include 0 (0%)Ignore 0 (0%)5 to threshold
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