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    Home»Top News»Paramount to pay $1.5 billion for Champions League in US
    Top News

    Paramount to pay $1.5 billion for Champions League in US

    Brian RodriguezBy Brian RodriguezAugust 20, 2022No Comments2 Mins Read
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    Paramount to pay .5 billion for Champions League in US
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    AP

    NOS . News•Yesterday, 21:55•modified Yesterday, 22:01

    Paramount will pay $1.5 billion for the right to broadcast the Champions League in the United States. The company has outdone Amazon with this offer, according to a US media report.

    The rights are valid for the next six years. This brings the costs of broadcasting the football successes of the major European clubs to about 250 million dollars a year.

    To whom do millions of broadcast rights go?

    The money TV channels pay for the Champions League broadcast rights they pay to UEFA. The football clubs that participate in the UEFA Champions League each year receive a share of the revenue from broadcasting rights around the world.

    Under the previous contract, Paramount paid $100 million annually. The sharply rising costs show that European football is growing in popularity on the other side of the Atlantic. In May, for example, 2.8 million Americans watched Real Madrid beat Liverpool in the Champions League final.

    This still dwarfs American football. This year, about 100 million people, mostly Americans, watched the most important game of American football, the Super Bowl.

    Eredivisie is out of the picture

    The popularity also surfaced at the end of last year when rival Comcast paid $2.5 billion for broadcast rights to the Premier League.

    The Dutch Eredivisie could count on less interest from US media companies. ESPN held the US rights until last season. But the US sports media company has not renewed its contract for this season, it told viewers over the weekend via Twitter.

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    Brian Rodriguez

    Zombie specialist. Friendly twitter guru. Internet buff. Organizer. Coffee trailblazer. Lifelong problem solver. Certified travel enthusiast. Alcohol geek.

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