Netflix refines its sports plan as Jake Paul helps wow investors
The world’s biggest streaming service says acquiring the rights to stream sport makes no economic sense despite recent success with Jake Paul-Mike Tyson bout.
An average Netflix subscriber apparently spends two hours a day on the platform, prompting former boss Reed Hastings to quip that its biggest competitor is sleep.
However, Netflix’s current co-chief executives say they have no plans to compete for exclusive TV rights for major sporting leagues, despite a foray into live coverage helping the streaming platform to achieve record growth over the past three months.
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