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Paramount wins auction for Champions League broadcast in U.K., The Guardian says

The U.S. media and entertainment giant Paramount Skydance (PSKY) has won the auction for the rights to broadcast most Champions League matches in the U.K. from 2027 to 2031 in a major shake-up of the domestic rights market, The Guardian reports. The publication has learned that Paramount+, whose subsidiary company Paramount+ owns the rights for Champions League games in the U.S., made the largest bid in this week’s auction and an announcement is due. Amazon Prime (AMZN) is poised to land the first pick of Tuesday matches in major European markets in the new streaming deal sold by Uefa, The Guardian adds.

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