Discovery Inc. signed a $2 billion agreement that gives it media rights to PGA Tour programming for its 220 markets outside the United States.
The deal announced Monday is designed to allow Discovery to deliver golf around the world on every screen and device. It's the PGA Tour's latest effort to expand its fan base around the world.
The 12-year deals starts next year and runs through 2030.
The PGA Tour has U.S. television deals with NBC Sports and CBS Sports for weekend coverage, and with Comcast-owned Golf Channel for weekday and some full tournaments in the fall and in January.
The tour said the agreement gives Discovery live rights outside the U.S. to some 2,000 hours of PGA Tour content. That includes all six circuits the PGA Tour runs, such as the PGA Tour Champions and smaller tours in China, Canada and Latin America.
The four majors have separates broadcast deals with CBS (Masters and PGA Championship), NBC (British Open) and Fox Sports (U.S. Open).
Along with live linear rights to its global markets, the partnership with Discovery includes creating a dedicated, PGA Tour-branded video streaming service using Discovery's direct-to-consumer product and its platform as home to the Eurosport Player.
Eurosport Player offers unlimited access to sports content available from where a subscriber is connecting.
The tour said Discovery expects to invest more than $2 billion over 12 years, which would include licensing of PGA Tour international media rights and building a live stream platform outside the U.S.
David Zaslav, president and CEO of Discovery, said the relationship will create "the new global Home of Golf."
Alex Kaplan, a former NBA media executive who most recently worked for Eurosport Digital, will be in charge of Discovery's partnership with the tour.
Apple sells $46 billion worth of iPhones over the summer as AI helps end slump
Apple snapped out of a recent iPhone sales slump during its summer quarter, an early sign that its recent efforts to revive demand for its marquee product with an infusion of artificial intelligence are paying off.
Sales of the iPhone totaled $46.22 billion for the July-September period, a 6% increase from the same time last year, according to Apple's fiscal fourth-quarter report released Thursday. That improvement reversed two consecutive year-over-year declines in the iPhone's quarterly sales.
The iPhone boost helped Apple deliver total quarterly revenue and profit that exceeded the analyst projections that sway investors, excluding a one-time charge of $10.2 billion to account for a recent European Union court decision that lumped the Cupertino, California, company with a huge bill for back taxes.
Apple earned $14.74 billion, or 97 cents per share, a 36% decrease from the same time last year. If not for the one-time tax hit, Apple said it would have earned $1.64 per share — topping the $1.60 per share predicted by analysts, according to FactSet Research. Revenue rose 6% from last year to $94.93 billion, about $400 million more than analysts forecast.
But investors evidently were hoping for an even better quarter and appeared disappointed by an Apple forecast that implied its revenue for the October-December quarter covering the holiday shopping season might not grow as robustly as analysts envisioned. Apple's stock price shed about 2% in Thursday's extended trading, leaving the shares hovering around $221 — well below their peak of about $237 reached in mid-October.
The latest quarterly results captured the first few days that consumers were able to buy a new iPhone 16 line-up that included four different models designed... Read More