NFL Found Guilty of Colluding with Broadcasters, Faces $4.7 Billion in Damages

The American football league NFL was convicted on Thursday, June 27, for colluding with several broadcasters to set high prices for subscriptions to one of its flagship programs. Found guilty of abuse of a dominant position by a jury following a federal trial, the NFL will have to pay some $4.7 billion in damages, according to several American media outlets.

In 2015, the owners of a San Francisco pub, the Mucky Duck, sued the NFL for its management of the “Sunday Ticket” program, which allows, for a subscription, to see all matches not involving the team(s). local. They criticized the American football league for having taken advantage of its monopoly to establish unjustified prices, with the agreement of the CBS and Fox channels, which broadcast the matches over the air, and the DirecTV satellite package, holder of the rights to “Sunday”. Ticket”. The procedure had been reclassified as a collective action, on behalf of 2.4 million subscribers and 48,000 commercial establishments.

The verdict could threaten the NFL’s seven-year, $14 billion contract with the current Sunday Ticket broadcaster, YouTube, which took over from DirecTV last year. The league has said it plans to challenge the decision in court. The parties can file appeals, which will be heard by U.S. District Judge Philip Gutierrez in late July. The judge will then decide whether to uphold, vacate or modify the verdict. If upheld, federal law provides for triple damages, which would bring the NFL’s total to $14 billion.

2024-06-28 06:59:12
#NFL #pay #billion #reaching #agreement #broadcasters

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