HeadlinesBriefing favicon HeadlinesBriefing.com

Fox Keeps NFL Rights Deal Through 2029

Wall Street Journal US Business •
×

Fox said Thursday it won't amend its existing NFL rights deal until after 2029, Chief Executive Lachlan Murdoch told investors on the company's earnings call. The league had indicated it wanted to renegotiate its rights deals a few years ahead of the contractual window, but Fox has had constructive discussions and will maintain its current deal and pricing until the 2030 season.

The announcement comes after relations between Fox and the NFL frayed over the league's decision to sell rights to streaming services like Amazon's Prime Video and Netflix. Chairman Emeritus Rupert Murdoch has raised concerns about damage to broadcast networks if more NFL games migrate to streaming.

Separately, the Justice Department has opened an investigation into whether sports leagues should continue to enjoy antitrust protections under the 1961 Sports Broadcasting Act, which allows them to collectively negotiate television rights on behalf of teams.