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Sky's Q1 revenue drops due to coronavirus pandemic: Analyst expects value of Premier League’s next broadcasting deal to decline materially

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PA Images | Sky's results raise uncertainty on Sky's ability to commit to high-value deals in the sports sector, which could influence the coming tender process for the Premier League's next rights cycle.

An analyst from Pivotal Research Group expects the fee for the Premier League’s next broadcasting cycle to drop unless a large internet bidder emerges.

The coronavirus pandemic could push back the negotiation of the next agreement.

The decrease was primarily due to lower direct-to-consumer, advertising and content revenue.

The coronavirus pandemic has resulted in lower sports subscription revenues for the company, part of US firm Comcast.

1 May 2020 - 2:28 PM

By Emil Gjerding Nielson

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