NFL hires Goldman Sachs to discover new income streams for NFL Media

Common view of the NFL Defend emblem at the box earlier than Tremendous Bowl LV between the Tampa Bay Buccaneers and the Kansas Town Chiefs at Raymond James Stadium.

Kim Klement | USA TODAY Sports activities | Reuters

The NFL mentioned Wednesday it’s exploring strategic choices, together with promoting stakes, for its NFL Media houses, together with NFL Community, NFL RedZone and its virtual platforms.

“In contemporary house owners’ conferences we have now mentioned exploring a strategic partnership to additional improve the way forward for the League’s owned and operated media houses – NFL Community, NFL RedZone, NFL virtual houses and the dear content material rights underlying those property inside of an evolving media ecosystem,” Brian Rolapp, leader media and industry officer of the NFL mentioned in a letter to league presidents and bosses on Wednesday.

Rolapp mentioned it has employed Goldman Sachs to “determine and evaluation partnership alternatives for NFL Media with the function of making an much more dynamic media asset that extends achieve and engagement and creates further worth for the golf equipment – together with thru direct-to-consumer alternatives, new and cutting edge content material and codecs, and global enlargement.”

NFL commissioner Roger Goodell mentioned the NFL does not need to surrender complete regulate of NFL Media, alternatively.

“Our function this is to hunt a spouse or a couple of companions who we will be able to paintings with to develop our distinctive number of media houses, letting them maximize their achieve and possible. We aren’t looking for to cede regulate of the media team, however as a substitute, to take its expansion to the following stage.

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