tl;dr
NASCAR is capitalizing on the shift to streaming by securing lucrative deals with Amazon and Warner Bros. Discovery, increasing overall revenue by 40% to $7.7 billion, according to The Athletic. The majority of its Cup Series races will still be shown on Fox Sports and NBC Sports, but Amazon Prime h...
NASCAR is capitalizing on the shift to streaming by securing lucrative deals with Amazon and Warner Bros. Discovery, increasing overall revenue by 40% to $7.7 billion, according to The Athletic. The majority of its Cup Series races will still be shown on Fox Sports and NBC Sports, but Amazon Prime has secured exclusive streaming rights to five races for the first time, while Warner Bros. will also broadcast simultaneously on TNT and its B/R Sports on the Max platform. These new deals will begin in the 2025 season and will last for seven years. This comes as NASCAR's current 10-year media rights contracts with Fox and NBC are set to expire after the 2024 season, generating $8.2 billion in media rights revenue.
Despite dropping viewership for NASCAR races, with Cup races averaging 2.87 million viewers in 2023, a 6% decline from 2022, these deals reflect the broader trend of sporting leagues making exclusive streaming rights deals and diversifying revenue streams.
More about Amazon.com Inc
Amazon.com Inc. is a leading multinational technology company with a focus on e-commerce, cloud computing, digital streaming, and artificial intelligence. As one of the Big Five companies in the U.S. information technology industry, it holds significant influence in the global economy and culture, and is recognized as the world's most valuable brand. With a market cap of $1.519 trillion, a stock price of $3,673.57, and a 52-week high of $3,773.08, Amazon's stock performance has been strong. However, with a 52-week low of $2,871.00 and a current price-to-earnings ratio of 76.98, there are potential risks associated with investing in the company. Market sentiment towards Amazon remains bullish, but caution is advised due to uncertainties in the market and the company's performance.
More about Warner Bros Discovery Inc
Warner Bros Discovery Inc, a technology and cable & other pay television services company, has a market capitalization of $25.89 billion. The stock has shown a 1.94% decrease in performance and closed at $17.26. The market sentiment is slightly bearish, indicated by a negative change in stock price and a decrease in market capitalization. However, there is a potential for a bullish trend with a positive relative strength index (RSI) of 15.41, and the stock is currently trading above its 200-day moving average. It's important to note the potential risks and uncertainties associated with this analysis, as past market behavior is not always a reliable indicator of future performance.
More about Fox Corp Class A
Fox Corp Class A, Fox Corporation is an American mass media company headquartered in New York City. The company's market capitalization is $13.84 billion, with a current stock price of $14.43. The stock has shown a 2.05% increase in the last trading session, closing at $29.02. The Relative Strength Index (RSI) is at 34.71, indicating a slightly oversold condition. The company's revenue is $14.93 billion, with a net income margin of 6.97%. The market sentiment for Fox Corp Class A is currently neutral, with a slight bearish trend in the short term. It is important to note that past market behavior is not always a reliable indicator of future performance, and there are potential risks and uncertainties associated with investing in Fox Corporation.
More about Comcast Corp
Comcast Corporation is a telecommunications conglomerate that serves U.S. residential and commercial customers in 40 states and the District of Columbia. It is the second-largest broadcasting and cable television company in the world by revenue, the largest pay-TV company, and the largest cable TV and home Internet service provider in the United States. It is also the nation's third-largest home telephone service provider. As the parent company of NBCUniversal, Comcast is a producer of feature films and television programs. The stock performance indicates a market sentiment with a market cap of $167.56 billion, a P/E ratio of 11.6, and a dividend yield of 1.14%. The stock has shown a 3.59% return on equity and a 28.85% return on assets. The relative strength index (RSI) is at 44.71, indicating a neutral position. The stock price is currently at $0.125, and there are uncertainties in the market, with a potential risk of 0.342 and a beta of 0.009.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.