The NFL Has Been Ordered To Pay Its Fans $4.7 Billion (Here's What It Means)
Jul 2, 2024
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The podcast discusses the NFL Sunday Ticket lawsuit outcome, including the $4.7 billion payout to fans. It covers the antitrust violations, who will receive compensation, and the lawsuit's origins from a sports bar in San Francisco. Additionally, it analyzes the class action lawsuit against the NFL, detailing the legal settlement, evidence, potential subscriber payouts, and implications for the league.
The NFL was ordered to pay $4.7 billion in damages for antitrust violations related to Sunday Ticket pricing.
Residential and commercial Sunday ticket subscribers may receive significant refunds, impacting the NFL's future broadcasting deals.
Deep dives
The NFL Sunday Ticket Lawsuit Outcome
A federal jury ruled against the NFL in an antitrust lawsuit, ordering them to pay $4.7 billion in damages to fans. The lawsuit was initiated by a small sports bar in San Francisco, which accused the NFL of selling Sunday ticket games at inflated prices, restricting competition and making it challenging for small businesses to profit.
Implications of the Verdict on Payouts and Legal Fees
The $4.7 billion settlement will be divided between residential and commercial Sunday ticket subscribers. Lawyers may take 25-35% in legal fees from the total payout. Residential subscribers could receive around $340 for each of the 11 years covered by the lawsuit, potentially resulting in a substantial refund for loyal viewers.
Long-term Impact on the NFL and Legal Process
The NFL plans to appeal the verdict, which could extend the legal process for several years. The implications may affect the NFL's broadcasting deals, specifically the $2 billion annual revenue from YouTube TV for Sunday ticket rights. The outcome could lead to significant changes in the structure of the product and broadcasting rights, potentially costing the NFL billions in the long run.
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Discussion on the NFL Sunday Ticket Lawsuit Outcome
Today's podcast breaks down the NFL's Sunday Ticket lawsuit, including why they lost, who will get paid, how much they will get paid, and what it means for the NFL's future. Enjoy!
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