Netflix co-CEO Ted Sarandos says live sports rights are NOT in the company's current plans following reports last month that the streaming giant was looking to play ball
- Netflix were reported to be 'warming up' to the idea of live sports last month
- But comments from Ted Sarandos poured cold water on that idea this week
- Netflix has seen huge success from sports series on the platform of late
- And streaming competitors like Apple and Amazon have bought live rights
- Click here for all your latest international Sports news from DailyMail.com
Netflix co-CEO Ted Sarandos indicated this week that bidding on live sports rights is not in the company's near future - despite previous reports of the contrary.
While Apple and Amazon have entered the live sports streaming space, Sarandos said Tuesday that he hasn't 'seen a profit path' from 'renting big-league sports.'
'We're not anti-sports,' Sarandos said at the UBS Global Technology, Media & Telecom Conference, according to Deadline.
Ted Sarandos did not sound incredibly keen on live sports earlier this week
'We're just pro-profit. We have yet to figure out how to do it. But I'm very confident we can get twice as big as we are without sports.'
Sarandos also called sports rights a 'loss leader' due to their said 'dramatically expensive' cost.
The comments come a month after the Wall Street Journal reported that Netflix was 'warming up' to the idea of offering live sports.
The report cited sources who said the company recently bid for the streaming rights for the ATP tennis tour for France and the United Kingdom before dropping out.
The company also reportedly discussed bidding for UK rights to the Women's Tennis Association and cycling competitions.
Netflix reportedly bid for ATP streaming rights for the United Kingdom and France
While Netflix stays out of the sports market, its fellow streamers are throwing their weight around in the space.
Amazon's Prime Video began an 11-year, $13billion exclusive deal for Thursday Night Football this year, while Apple TV+ debuted 'Friday Night Baseball' with MLB last season.
Apple also signed a deal with MLS to acquire their broadcast rights for the next 10 years.
Netflix is not a complete stranger to sports on its platform, as series such as 'Last Chance U' and the F1-focused 'Drive to Survive' have been massive successes.
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