Perhaps the newsiest moment of this week’s Financial Times Football Business summit came when Richard Masters, Premier League chief executive revealed that the league is finally building a direct-to-consumer streaming platform, which will debut next season in Singapore.
The idea has been floating around since before the pandemic,
with most people referring to it by the rather tongue-in-cheek moniker
“Premflix”. Its real name, we now know, will be Premier League+. Masters called
it “an important step” and a “big change” for the world’s most popular football
league.
So, what does this all mean? Firstly, the Singapore move
should be viewed as an experiment. The Premier League is doing this in a small
but mature market and in partnership with a willing broadcaster, StarHub. The
stakes, therefore, are relatively low. It gives the league the chance to test
its capabilities in all sorts of things it hasn’t had to do before — such as
taking subscription payments and pricing its own products — in a small,
manageable way.
Once any kinks are ironed out, Masters said the service
could potentially be rolled out elsewhere. Clearly the league would not go to
all the trouble of building the tech just to sell it to one small market.
But what else might be going on? Some attendees suggested
that south-east Asia was such a hotbed of piracy that it made sense for the
Premier League to make its move into streaming there. If the price and the
product are right, perhaps the league can bring some of that illicit viewing
back onside.
Another theory is that the Premier League is simply building
a stick to wave at broadcasters during future rights negotiations. By giving
itself the option of going direct to consumer, media companies will have to
keep paying up.
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