Subscription OTT services’ global spend on sports rights in 17 major markets around the world will reach $8.5 billion in 2023 — up 64% versus 2022, projects Ampere Analysis. The research also predicts that the platforms’ share of total global spending on sports rights will leap to 21%, from 13% in 2022. Up to now, subscription OTT services’ spend on sports rights has lagged their investment in original TV and film content.
Source: Digital News Daily: Streamers Projected To Spend $8.5B Globally On Sports Rights In 2023