Netflix explores investing in sports leagues, bidding on streaming rights

wsj

4 min read . Updated: 09 Nov 2022, 06:34 PM IST Jessica Toonkel, The Wall Street Journal

Netflix recently bid for the streaming rights for the ATP tennis tour for some European countries, including France and the UK, but dropped out (Photo: Reuters) — Netflix recently bid for the streaming rights for the ATP tennis tour for some European countries, including France and the UK, but dropped out (Photo: Reuters)

Streaming giant eyes sports like tennis and surfing; Co-CEO Reed Hastings has been wary of rising costs for rights

Netflix Inc. is warming up to the idea of offering live sports on its platform—as long as it can do so without breaking the bank, according to people familiar with the discussions.