Technology

Apple Close to Finalizing Deal With FIFA Over TV Rights For New Club World Cup Tournament: Report

Soccer’s global governing body FIFA is close to an agreement with Apple to give the tech company worldwide television rights for a new, month-long club tournament, the New York Times reported on Monday.

The deal with Apple could be announced as soon as this month and valued at around $1 billion (roughly Rs. 8,333 crore), a quarter of the $4 billion (roughly Rs. 33,332 crore) FIFA had first estimated, the report said, citing three people familiar with the matter.

The potential agreement would give the company’s streaming business an edge amid competition among streaming services providers to lap up rights for widely watched sporting events in a bid to add subscribers.

If the deal goes through, this would mark the first time that FIFA has agreed to a single worldwide contract, the report said.

Senior executives at FIFA, however, have raised concerns over the possibility of “free-to-air rights”, which would make the event only available to subscribers of Apple TV+, according to the report. It is unclear whether the deal includes any such rights.

Sponsors have also been reluctant to commit the $150 million that FIFA is seeking for sponsorship packages, the report said.

The 32-team event will be held next year between June 15 and July 13. Usually, no major events are scheduled during this period in order to allow players to rest in the off-season a year before the World Cup, according to the report.

FIFA has faced criticism from players unions for not consulting them before making announcements about the event, according to the report.

“As a general practice, FIFA does not confirm or deny commercial discussions,” a spokesperson for the governing body said in response to Reuters’ request for a comment. Apple declined to comment.

© Thomson Reuters 2024


Apple launched the iPad Pro (2022) and the iPad (2022) alongside the new Apple TV this week. We discuss the company’s latest products, along with our review of the iPhone 14 Pro on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated – see our ethics statement for details.



Source link

Related Articles

Leave a Reply

Back to top button
WhatsApp Logo Chat Us