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Facebook, Twitter, Snap to seek soccer World Cup clips from Fox: Report

Facebook logo is seen at a start-up company gathering at Paris' Station F in Paris, France Photograph: (Reuters)

Reuters Bengaluru 6 July 2017 Jul 06, 2017, 06.27 AM (IST)

Facebook, Twitter, and Snap are seeking online rights to video highlights from Twenty-first Century Fox for next year's soccer World Cup, Bloomberg reported on Thursday.

The companies have offered tens of millions of dollars for rights to video highlights for the Russia-hosted tournament that air in the United States. Fox will retain rights to use highlights of the World Cup across its shows.

Social media companies have beefed up their focus on signing live-streaming sports deals as young audience increasingly rely on the internet to watch sports, ditching the traditional cable services.

Fox Sports said last month it partnered with Facebook to live-stream UEFA Champions League matches during the 2017-18 season.

Social media's growing interest in video, including sports, gives Fox a potential new source of revenue for the games as well as a tool to promote its coverage.

Twenty-first Century Fox, Facebook, Twitter, and Snap were not immediately available to comment outside regular US business hours.



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