The group announced Wednesday it raised $120 million in capital to start a stock exchange in Dallas this year.
The class-action lawsuit claims the NFL broke antitrust laws by allowing DirecTV to exclusively sell the game package at what it says was an inflated price.The NFL shield logo on the field before a game between the Detroit Lions and the Dallas Cowboys, Saturday, Dec. 30, 2023, in Arlington, Texas.
“NFL, Fox, CBS and DirecTV agreed to make an expensive toll road that very few people would be able to afford. Every single competitor in this scheme benefited,” Amanda Bonn, an attorney representing “Sunday Ticket” subscribers, said in her opening remarks Thursday.The class-action case covers more than 2.45 million commercial and residential subscribers from 2012 to 2022 and seeks $7.1 billion in damages.
Contracts between DirecTV and the NFL that were entered into evidence on Thursday showed language that"it will marketed and offered in a manner consistent as a high-quality premium subscription sports offering." The trial could bring to light how much YouTube is paying the NFL for “Sunday Ticket” and if it is making money. There also will be documents filed that would show how much networks spend to produce an NFL game.
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