Nine won’t ‘overpay’ for NRL rights, says CEO
Nine boss Matt Stanton says the broadcaster won’t overpay to retain the NRL rights if the financials “don’t stack up”, as the company revealed it has inked a number of AI deals through its publishing business.
The advertising market for free-to-air television has weakened since the NRL last agreed its rights deal in 2020 and the AFL secured a $4.5 billion deal in 2022, Stanton said after announcing an earnings jump for Nine of 6 per cent in the December half.
Nine Entertainment chief executive Matt Stanton has secured another half year of rising profits.Oscar Colman
“We have to work through to make sure we get a good deal,” Stanton said.
“Premium assets such as the NRL rights, MAFS
[Married at First Sight] and the Olympics are still good drivers of commercial outcomes. They’re still very good assets. You just got to be very disciplined to make sure ... we don’t overpay.”
Last week, Rugby League Commission chair Peter V’Landys confirmed that broadcast rights negotiations had begun. The current deal with Nine and Foxtel is to expire at the end of the 2027 season. V’Landys has talked up the prospects of securing a similar, if not better, deal to the one struck by the AFL, despite the successive years of advertising revenue declines which have impacted broadcasters.
Nine also revealed it had signed two commercial deals with major Australian organisations to allow the use of its publishing content to train those companies’ proprietary AI large language models (LLMs).
Stanton said there were “a lot more opportunities to come”, and he views the licensing model as a “good revenue stream” in the future.
Nine Entertainment grew earnings by 6 per cent in the December half, its first results since the sale of Domain Group.
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