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In the midst of the rumors that point to Apple Inc. (NASDAQ: AAPL) has started talks with Major League Baseball (MLB) to broadcast the midweek games, Gene Munster, Analist of Loup Ventures, believes that an agreement would be an “ideal opportunity” for the service of streaming Apple TV + from the tech giant.
What has happened
“From my point of view, it makes a lot of sense. Lets get into live sports, ”Munster explained in a discussion with Doug Clinton of Wolf.
Munster added that the deal would be one of the continued steps forward for Apple TV, as MLB is probably the second-largest sport in the world in terms of revenue.
Clinton agreed with Munster, noting that the deal would be a “really smart use” of cash from Apple’s balance sheet to improve its position in the sports sector.
Because it is important
El New York Post reported Earlier this week Apple held important talks about broadcasting MLB games starting in the 2022 season.
An agreement would mark the foray of the company led by Tim Cook into the streaming of live sports and would be a huge boost in the content offered by Apple TV +. The company launched its streaming under subscription for € 5 per month in 2019.
Service streaming video of Amazon.com Inc. (NASDAQ: AMZN), Apple’s rival, has signed a ten-year contract to have exclusivity for the NFL’s ‘Thursday Night Football’, starting in the 2022-23 season. Amazon paid a billion dollars a year for those rights.
The movement of prices
Apple shares closed Wednesday’s regular trading session nearly 0.3% higher at $ 175.53, but fell nearly 0.3% to $ 175.08 in the after-market.