Amid rumors that Apple Inc. (NASDAQ 🙂 has entered into talks with Major League Baseball (MLB) to broadcast the midweek games, Gene Munster, an analyst at Loup Ventures, believes a deal would be a “Ideal Opportunity” for the tech giant’s Apple TV + streaming service.
What has happened “From my point of view, it makes a lot of sense. Lets get into live sports, ”Munster explained in a discussion with Loup’s Doug Clinton.
Munster added that the deal would be one of the continued steps forward for Apple TV, as MLB is probably the second-largest sport in the world in terms of revenue.
Clinton agreed with Munster, noting that the deal would be a “really smart use” of cash from Apple’s balance sheet to improve its position in the sports sector.
Why It Matters The New York Post reported earlier this week that Apple has had important conversations about broadcasting MLB games beginning in the 2022 season.
An agreement would mark the foray of the company led by Tim Cook in streaming live sports and would be a major boost in the content offered by Apple TV +. The company launched its subscription streaming service for € 5 a month in 2019.
The video streaming service of Amazon.com Inc. (NASDAQ: NASDAQ :), Apple’s rival, has signed a ten-year contract to have the exclusivity of the NFL’s ‘Thursday Night Football’, starting in the 2022 season. -2. 3. Amazon paid a billion dollars a year for those rights.
The price movement Apple shares closed Wednesday’s regular trading session almost 0.3% higher at $ 175.53, but fell almost 0.3% to $ 175.08 in the aftermath. market.
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