Dec 6 (Reuters) – Netflix Inc (NFLX.O) Co-Chief Executive Ted Sarandos on Tuesday stated he sees no sees no present path to profitability by bringing dwell sports activities to the streaming service.

Sarandos stated the economics {of professional} sports activities had been constructed across the economics of tv — and shopping for rights is dear.

“We’ve not seen a profit path to renting ‘big sports today,” Sarandos stated in remarks on the UBS Global TMT convention.

Reporting by Dawn Chmielewski; modifying by Jonathan Oatis

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