Why Netflix May Finally Be Changing Its Tune on Sports
Netflix (NASDAQ: NFLX) has long eschewed live sports rights as a meaningful endeavor for the streaming platform. In 2015, CEO Ted Sarandos (who was the content chief at the time) argued the value Netflix provides its subscribers is that they can watch what they want, when they want, how they want, and without commercials. Sports doesn't fit that model.
But Netflix is making some changes to its platform after reporting disappointing first-quarter results, which may open the door for live sports on the global leader in streaming video.
Image source: Netflix.
Source Fool.com
