Amazon Is Betting Billions on Thursday Night Football
The NFL finalized its latest round of media rights negotiations, and one of the big standouts from the list of deals was Amazon's (NASDAQ: AMZN) bid for exclusive rights to Thursday Night Football.
The online retailer is reportedly spending $1 billion per year for the games. That's a substantial jump from the $100 million per year it was spending to simulcast broadcasts from Fox and ViacomCBS.
Owning the exclusive rights can benefit Amazon in a few ways -- here's how its bet on the NFL could pay off handsomely.
Source Fool.com
