Facebook plans to invest billions of dollars to expand sports broadcasts

According to a report on December 5th by CNBC Beijing time, today's Sports Business Journal article stated that Facebook hopes to recruit a senior executive to negotiate on the broadcasting of sports events, and has already interviewed candidates.
Facebook CEO Mark Zuckerberg
What's even more interesting is that the reporter of "Sports Business Weekly" disclosed that the executive employed by Facebook will hold a "billion-dollar" budget for negotiating the broadcasting rights of sports events on a global scale. Facebook did not comment on this.
"Billions of U.S. dollars" sounds like a huge sum, but it's really not much for sports rights broadcasts. For example, in 2014, DirecTV and the National Football League of the United States reached a $1.5 billion broadcast rights agreement; ESPN and Turner paid $2.66 billion in broadcast fees to the National Basketball Association each year.
Unless the value of copyright trading in sports events has fallen sharply in the recent past, Facebook will not purchase exclusive rights for any major sporting events. However, "billions of dollars" has been considered a huge sum of money for the purchase of only streaming rights.
Facebook had bid $600 million to purchase streaming rights for Indian cricket matches, but it was unsuccessful. However, this is a signal that Facebook is willing to invest heavily in the right to broadcast sporting events.

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