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Kansas City Chiefs quarterback Patrick Mahomes (15) is sacked by Los Angeles Chargers linebacker Drue Tranquill (49) in the first quarter at Arrowhead Stadium on Thursday, Sept. 15, 2022, in Kansas City, Missouri.

Tammy Ljungblad | Tribune News Service | Getty Images

The National Football League season is heading into Week 6, and it’s still unclear which company will become the new owner of Sunday Ticket rights — the only remaining exclusive broadcast package that hasn’t been renewed until 2030.

Apple has been among the favorites to land the package, in part because the league already has broadcast deals in place with rival bidders, including Disney and Amazon. A partnership with Apple would allow the NFL to build a relationship with the deepest-pocketed company in the world.

But existing restrictions around Sunday Ticket have slowed negotiations between Apple and the NFL in recent months, according to people familiar with the matter. Talks between the league and potential buyers of Sunday Ticket are continuing, the people said.

Spokespeople for Apple and the NFL declined to comment.

The NFL and Apple, two of the most powerful corporate entities in the world, are used to getting what they want.

Apple isn’t interested in simply acting as a conduit for broadcasting games, according to Eddy Cue, Apple’s senior vice president of services. Cue oversees Apple’s media and sports partnerships and its streaming service, Apple TV+. Apple is looking for partnerships with sports leagues in which it can offer consumers more than standard rights agreements — such as having free rein to offer games globally or in local markets. Apple has that type of deal with Major League Soccer, a 10-year partnership that begins in 2023.

“We weren’t interested in buying sports rights,” Cue said this week at a Paley Center for Media panel in New York. “There’s all kinds of capabilities that we’re going to be able to do together because we have everything together. And so if I have a great idea, I don’t have to think about, OK, well, my contract or the deal of interest will allow this.”

The iPhone maker is MLS’s exclusive broadcast partner, though some linear networks may buy simulcast rights to the soccer league’s games. The pact allows Apple to stream every game of every season for the next 10 years globally. It plans to build MLS steaming capabilities into its apps, such as Apple News.

While a “great idea” by Cue could potentially manifest into a practical solution quickly with MLS, the same may not be feasible with the NFL, which has been in business with Fox, Paramount Global, Comcast‘s NBCUniversal and Disney for decades. The league also sold its “Thursday Night Football” package to Amazon.

The NFL last year renewed broadcast TV agreements with both Fox and CBS until 2030. Those deals guarantee exclusivity of local games. Fox and CBS have devised entire corporate strategies around that exclusivity, including buying local TV stations that line up with NFL markets where they own rights. For example, Fox owns local stations in locations including Atlanta, Chicago, Philadelphia, Phoenix, San Francisco, and Washington, D.C. — all places with NFC teams, because Fox owns the NFC Sunday package.

Sunday Ticket is also a U.S.-only product. It remains unclear what the NFL is willing to give Apple to enhance a deal beyond what it’s sold to DirecTV for the past 28 years. Still, NFL Commissioner Roger Goodell told CNBC in July part of the benefit of selling to a streamer is to “innovate beyond where we are today.”

I believe NFL media rights will be moving to a streaming service, says NFL's Goodell

Goodell said he plans to choose a new Sunday Ticket home by fall of this year. On that timeline, a winning bidder should be announced in the next 10 weeks. The NFL wants a buyer for Sunday Ticket to pay between $2 billion and $3 billion annually, CNBC has previously reported. That’s a significant increase from the $1.5 billion DirecTV has been paying since 2015. The league is also looking for a company to purchase a minority stake in NFL Media, which includes linear cable networks RedZone and NFL Network, as well as NFL.com. The NFL has been packing the minority stake with Sunday Ticket, though it could decide to sell each separately, Goodell said.

Beyond its MLS partnership, Apple has been laying breadcrumbs that it wants to take a significant plunge into live sports. Apple struck a deal with Major League Baseball to carry exclusive Friday night games this season. And last month, the NFL announced Apple Music as the new partner for the Super Bowl halftime show.

The longer the NFL waits to reach a deal, the less time a new owner of the rights will have to market the product for next season. DirecTV executives have been waiting for nearly two years for a new partner to be announced and have been surprised with how long it’s taken to find one, according to people familiar with the matter. DirecTV has routinely lost money on Sunday Ticket and isn’t participating in this round of bidding, CNBC reported in June.

The satellite provider would be interested in maintaining its commercial agreement to carry games in bars and restaurants or act as a pass-through for the Sunday Ticket winner, where existing DirecTV customers could continue to get the package through its pay-TV service, CNBC reported in June.

Disclosure: Comcast’s NBCUniversal is the parent company of CNBC.

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AMD expects $800 million hit from U.S. chip restrictions on China

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AMD expects 0 million hit from U.S. chip restrictions on China

Lisa Su, CEO of AMD, attends the Artificial Intelligence Action Summit at the Grand Palais in Paris, Feb. 10, 2025.

Benoit Tessier | Reuters

Shares of Advanced Micro Devices slid more than 5% on Wednesday after the company said it could incur charges of up to $800 million for exporting its MI308 products to China and other countries.

“The Company expects to apply for licenses but there is no assurance that licenses will be granted,” AMD said in the filing with the Securities and Exchange Commission.

The new U.S. license requirement, which applies to exports of certain semiconductor products, would hit inventory, purchase commitments and related reserves, AMD said in the filing.

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AMD is one of the companies that builds the hardware behind the artificial intelligence boom. The company claims its AMD Instinct MI300 Series accelerators are “uniquely well-suited to power even the most demanding AI and HPC workloads,” according to its website.

It generated a “record” revenue of $25.8 billion in 2025, according to its February earnings release, but the new export restrictions could slow growth.

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AMD one month stock chart.

Nvidia, an AMD competitor, released a similar disclosure on Tuesday. The company said it will take a quarterly charge of about $5.5 billion for exporting H20 graphics processing units.

China is Nvidia’s fourth-largest region by sales, after the U.S., Singapore, and Taiwan, according to the company’s annual report. More than half of its sales went to U.S. companies in its fiscal year that ended in January.

–CNBC’s Kif Leswing and Jordan Novet contributed to this report.

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Chip stocks fall as Nvidia, AMD warn of higher costs from China export controls

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Chip stocks fall as Nvidia, AMD warn of higher costs from China export controls

Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference at the SAP Center in San Jose, California, on March 18, 2025.

Brittany Hosea-small | Reuters

Technology stocks declined Wednesday, led by a 5% drop in Nvidia, as the chipmaking sector signaled that President Donald Trump‘s sweeping tariff plans could hamper demand and growth.

Nvidia revealed in a filing Tuesday that it will take a $5.5 billion charge tied to exporting its H20 graphics processing units to China and other countries and said that the government will require a license to ship the chips there and other destinations.

The chip was designed specifically for China use during President Joe Biden’s administration to meet U.S. export restrictions barring the sale of advanced AI processors, which totaled an estimated $12 billion to $15 billion in revenue in 2024. Advanced Micro Devices said in a filing Wednesday that the latest export controls on its MI308 products could lead to an $800 million hit.

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Chipmaking stocks have struggled in the wake of President Donald Trump’s sweeping U.S. trade restrictions, sparked by fears that higher tariffs will stifle demand.

The disclosures from Nvidia and AMD are the first major signs that Trump’s fierce battle with China could significantly hamper chip growth. The administration has made some exemptions for electronics, including semiconductors, but has warned that separate tariffs could come down the road.

Adding to the sector worries was a disappointing print from Dutch semiconductor equipment maker ASML. The company missed order expectations and said that tariff restrictions create demand uncertainty. Shares fell about 5%.

The VanEck Semiconductor ETF fell more than 4%, with AMD plunging more than 5%. Micron Technology, Marvell Technology and Broadcom sank about 2% each. Equipment makers Applied Materials and Lam Research fell about 3% each.

The declines spilled over into the broader market and tech-heavy Nasdaq Composite, which dropped nearly 2%. Meta Platforms, Alphabet and Tesla lost about 2% each. Amazon, Microsoft and Apple were last down about 1% each.

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Lyft to buy taxi app Free Now for $200 million to expand into Europe

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Lyft to buy taxi app Free Now for 0 million to expand into Europe

Lyft logo is seen in this illustration taken June 27, 2022.

Dado Ruvic | Reuters

U.S. ride-hailing firm Lyft on Wednesday announced that it’s buying European taxi app Free Now in a 175 million euro ($199 million) deal.

The company said that the acquisition — Lyft’s first in Europe — is expected to close in the second half of 2025, and that, once combined, the two companies will serve over 50 million combined annual users.

Founded in 2009 as myTaxi, Free Now is a ride-hailing platform headquartered in Hamburg, Germany. The company has been jointly owned by German automotive giants BMW and Mercedes-Benz since 2019.

The app is available in over 150 cities across nine countries, including Ireland, the U.K., Germany and France. Beyond traditional taxi and ride-hailing services, Free Now also offers other mobility options including e-scooters, e-mopeds and e-bikes.

Free Now has been joint-owned by German automotive giants BMW and Mercedes-Benz since 2016.

Picture Alliance | Picture Alliance | Getty Images

The startup is earnings-positive on the basis of Earnings Before Interest, Debt and Amortization, generating gross bookings over 1 billion euros in 2024, according to a company fact sheet.

Acquiring Free Now will give Lyft a route to expand into the highly competitive European ride-hailing market, where it will come up against the likes of Uber, Estonia’s Bolt and Israel’s Gett.

Lyft’s closest domestic rival, Uber, has a lengthy head start on the firm, having first launched in the U.K. back in 2012. It has since been beset by a series of regulatory issues.

London’s transport regulators tried to ban Uber two times over safety concerns. The company was eventually awarded a fresh license to continue operating in the city in 2022.

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