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APPLE CLOSING IN ON ANOTHER MASSIVE DEAL DESPITE LEGAL ISSUES

Apple is spending big on live sports to make clear of its priorities in
streaming.
 * Author:
   Colin Salao
 * Apr 24, 2024 11:57 AM EDT




Apple is in a peculiar spot right now.

The company is in the midst of an antitrust case filed by the U.S. Department of
Justice that insinuates that the company is leading a monopoly due to the
ecosystem it has created through its products like the iPhone.

This is on top of slowing sales of the company's flagship iPhone as well as
underwhelming early returns for the newly-released Apple Vision Pro that have
contributed to the company's nearly 10% year-to-date stock decline.

But while Apple's  (AAPL)  hardware products often take the spotlight, the tech
giant has a bevy of other products to still find growth in — including its push
into media through its streaming service, Apple TV+.


ESPN, TURNER IN GOOD POSITION WITH NBA DESPITE PRESSURE FROM AMAZON, NBC

Read More


ESPN, TURNER IN GOOD POSITION WITH NBA DESPITE PRESSURE FROM AMAZON, NBC

Read More

Apple TV+ does not have a reported subscriber number, but it's unlikely that the
product comes anywhere close to Netflix's nearly 270 million worldwide
subscribers or 80 million U.S. subscribers. But the product has still produced
some television exclusives that have hit such as "Ted Lasso."



And the soccer-based television program has helped catapult Apple's foray into
live sports as Apple TV+ has reached a $2.5 billion deal with Major League
Soccer to air the soccer league for the next decade.

Apple, which also has the rights to air some Major League Baseball games, has
reportedly had its hand in negotiating for other live sports media rights,
including the impending negotiations with the NBA. But the company is reportedly
close to reaching another deal that doubles down on soccer — this time at an
international level.





The New York Times reported on Monday, April 22 that Apple is close to a media
rights deal with soccer governing body FIFA to air what would be a new, World
Cup-style tournament that would feature club teams from around the globe.


A BRAND-NEW APPLE PRODUCT IS FACING A GRIM FUTURE AMID LOW SALES

Read More


A BRAND-NEW APPLE PRODUCT IS FACING A GRIM FUTURE AMID LOW SALES

Read More

Apple's deal with FIFA is not confirmed yet, but is expected to be announced as
soon as this month. The financial details are also expected to cost Apple about
$1 billion, which is only about a fourth of what FIFA was looking for — though
the length of the deal is unclear.

It's also unclear whether all the games will be aired behind the Apple TV+
paywall.


The move likely signals Apple's continuous commitment to live sports,
particularly soccer, which, while still behind major sports like football and
basketball in terms of popularity in America, has seen a massive rise especially
due to the arrival of Lionel Messi to MLS.

The U.S. is also set to host the traditional World Cup in 2026, and is in the
bidding to host the Women's World Cup in either 2027 or 2031.


THE NBA FINALS COULD SOON BE BEHIND A STREAMING PAYWALL

Read More


THE NBA FINALS COULD SOON BE BEHIND A STREAMING PAYWALL

Read More

By
Colin Salao

Colin is a breaking news writer for TheStreet focused on sports business. Before
The Street, he covered sports media business at Business Insider. He finished
with a masters degree in journalism from Northwestern University, and previously
worked in brand management at Johnson and Johnson.

 * 
 * 
 * 


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managers, active traders, and corporate executives informed on what's moving
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TheFly/Newsbreaks


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financial news as it breaks. Known as a leader in market intelligence, The Fly's
real-time, streaming news feed keeps individual investors, professional money
managers, active traders, and corporate executives informed on what's moving
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TheFly/Newsbreaks


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financial news as it breaks. Known as a leader in market intelligence, The Fly's
real-time, streaming news feed keeps individual investors, professional money
managers, active traders, and corporate executives informed on what's moving
stocks. Sign up for a free trial at theflyonthewall.com to see what Wall Street
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TheFly/Newsbreaks


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financial news as it breaks. Known as a leader in market intelligence, The Fly's
real-time, streaming news feed keeps individual investors, professional money
managers, active traders, and corporate executives informed on what's moving
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Market Commentary


2 RED WARNING LIGHTS DIM AMID CLOUDY SKIES

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TheFly/Newsbreaks


MAN GROUP PRICE TARGET LOWERED BY 15 GBP AT UBS

See the rest of the story here. Theflyonthewall.com provides the latest
financial news as it breaks. Known as a leader in market intelligence, The Fly's
real-time, streaming news feed keeps individual investors, professional money
managers, active traders, and corporate executives informed on what's moving
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