Netflix, Boxing And Chill! Company Explores Live Boxing Match Streaming

Netflix Inc NFLX is reportedly exploring the possibility of entering the world of live sports streaming with a potential boxing match. 

Discussions are underway about live-streaming a match involving boxer and YouTube sensation Jake Paul,  the Wall Street Journal noted. 

Additionally, there are talks about featuring bouts from Premier Boxing Champions, a series currently aired on Paramount's Showtime.

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The streaming giant has been contemplating a move into live sports for years, and on November 14, it is set to broadcast its first live sporting event called "The Netflix Cup."

This event will showcase a live golf tournament with athletes from Netflix's Formula One documentary, "Drive to Survive," and "Full Swing," a show following professional golfers.

While these discussions are in their early stages and might not come to fruition, the prospect of Netflix stepping into the live sports arena is significant. 

In a landscape where several streaming services have started offering live sports content, Netflix has been cautious due to the escalating costs of sports rights. However, the company's stance on this may change over time.

Streaming a single boxing match could serve as a testing ground for Netflix to assess the feasibility of further involvement in the sport. 

Paramount Global's PARA decision to shutter Showtime Sports, including boxing, has created an opportunity for platforms like Netflix and Amazon.com AMZN to consider hosting Premier Boxing Champions matches. Amazon has already expressed interest in streaming these matches.

Price Action: NFLX shares are up 2% at $433.19 on the last check Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.