NFL employs Goldman Sachs to check out brand-new profits streams for NFL Media

0
458
NFL hires Goldman Sachs to explore new revenue streams for NFL Media

Revealed: The Secrets our Clients Used to Earn $3 Billion

General view of the NFL Shield logo design on the field prior to Super Bowl LV in between the Tampa Bay Buccaneers and the Kansas City Chiefs at Raymond James Stadium.

Kim Klement | U.S.A. TODAY Sports | Reuters

The NFL stated Wednesday it is checking out tactical choices, consisting of offering stakes, for its NFL Media residential or commercial properties, consisting of NFL Network, NFL RedZone and its digital platforms.

“In recent owners’ meetings we have discussed exploring a strategic partnership to further enhance the future of the League’s owned and operated media properties – NFL Network, NFL RedZone, NFL digital properties and the valuable content rights underlying these assets within an evolving media ecosystem,” Brian Rolapp, primary media and company officer of the NFL stated in a letter to league presidents and executives on Wednesday.

Rolapp stated it has actually employed Goldman Sachs to “identify and evaluate partnership opportunities for NFL Media with the goal of creating an even more dynamic media asset that extends reach and engagement and creates additional value for the clubs – including through direct-to-consumer opportunities, new and innovative content and formats, and international expansion.”

NFL commissioner Roger Goodell stated the NFL does not wish to quit complete control of NFL Media, nevertheless.

“Our objective here is to look for a partner or numerous partners who we can deal with to grow our special collection of media residential or commercial properties, enabling them to optimize their reach and capacity. We are not looking for to deliver control of the media group, however rather, to take its development to the next level.

Subscribe to CNBC on YouTube.Â