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Fortune

Paolo Confino

Netflix CEO says it will only stream the best pro sports events: 'It's difficult to have big league sports and profit off an entire season'

Netflix Ted Sarandos NBA NFL David Beckham Warner Bros Discovery Amazon Disney

Netflix co-CEO Ted Sarandos shakes hands with former NBA player Dwyane Wade at a movie premier (Credit: Charley Gallay—Getty Images for Netflix)

Netflix co-CEO Ted Sarandos offered a peek into Netflix’s live sports strategy on its second-quarter earnings call Thursday.

Instead of buying up the rights to entire season’s worth of basketball, football, or baseball, Netflix would rather broadcast a few of the best games without taking on “a lot of tonnage from any one league,” he explained.

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