Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Daniel Ives, head of technology research at GBH Insights, said in a note Tuesday that the next 12 to 18 months is a "pivotal window" for both tech giants to secure rights to various professional sports programs.
This story will play out over the next few years with Amazon and Facebook likely to become big contenders to win the right to stream games, he said.
"We note in 2021, the year when the NFL, MLB and NHL media rights deals mostly end, will be the first major opportunity for Amazon, Facebook and other major tech streaming platforms to potentially bid on some of these rights versus the likes of traditional entrenched media/cable players," Ives said.
Both Facebook and Amazon have been upping their spending on original content through their respective video streaming platforms, Facebook Watch and Prime Video.
Facebook, for example, is willing to spend as much as $1 billion this year, according to a Wall Street Journal report, while Ives estimated Amazon could spend upward of $5 billion.
The analyst sees much of this budget being directed towards sports, just as many sports rights deals come to an end, allowing tech companies the chance to get in on the action.
"We will be watching this sports content battle closely over the coming year, as well as the success/engagement from the Facebook MLB endeavor, as it could be a sign of things to come with streaming platforms playing a bigger role in global professional sports broadcasting rights in the years ahead and potentially shaking up this market, while adding a major notch on the content belts of Amazon, Facebook and other new tech entrants to this arena. "
Ives is referencing the recently-announced deal that will see Facebook exclusively stream 25 Major League Baseball (MLB) games this season. Last year, the social networking giant secured the rights to some professional soccer games and earlier this year announced plans to stream pro-surfing.
Ives said that along with the MLB deals, the move shows that Facebook CEO Mark Zuckerberg is "in the early strategic steps of building out a massive wave of sports content spending over the coming few years."
Rising competition from the tech giants in the content space comes amid increasing consolidation in the media landscape. Disney is currently waiting for a deal to buy many parts of 21st Century Fox to close. And Comcast has put in a $31 billion bid for Sky. Both deals are seen to boost the acquirers sports offerings.
Ives said that Disney's acquisition of Fox will add 22 regional sports networks to its flagship ESPN network. Meanwhile, in the U.K., Sky is one of the dominant players in sports broadcasting.
Disney is also planning to launch its own streaming service that would compete with the likes of Amazon, Netflix and Facebook. Disney CEO Bob Iger told CNBC in February that the company's ESPN Plus sports streaming service would cost $4.99 a month.
Given the big moves from Disney, Ives said the next year and a half will be crucial for technology firms to get a foothold in live sports.
"To this point, we believe the next 12 to 18 months is a pivotal window for platforms like Facebook and Amazon, among others, to aggressively secure the rights to various professional sports programming, especially as the Disney/ESPN launch of ESPN Plus over the coming year will be at the epicenter to Iger's master streaming initiatives and 'raise the stakes' for securing future sports content in our opinion, " Ives said.
Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.