Business
NFL to discuss live game rights with new media partners
The NFL plans to hold talks with non-traditional media companies to potentially sell them the rights to a live game, NFL Media chief Hans Schroeder told CNBC Sport on Friday.
“We have other people that are both partners in a smaller sense — maybe not a full package — or people that still are in the media landscape somewhere that would like to be an NFL live game partner,” Schroeder said in an interview from Radio Row ahead of Super Bowl LX in San Francisco.
“We’re going to have those conversations,” he added. “We want to understand all our options and how to think about the best model for us, for our fans, for our teams going forward. So to your question, you know, we’re going to listen and probably have a lot of different people that want to have a conversation with us. That’s very fortunate. We say that humbly, and we’re going to make sure we have those conversations to understand.”
Schroeder didn’t offer details on which companies could be interested in buying a live game. The NFL sold a week one game to YouTube last season for about $100 million — a one-off strategy that it could replicate with other digital platforms. The societal-wide shift to streaming has made digital a comparable rival to broadcast TV, which has long been the league’s preferred distribution strategy due to its reach.
“Now you see these big digital platforms that can reach broadcast level audiences,” Schroeder said. “That just creates more optionality.”
The NFL and its traditional media partners — Disney, Paramount Global, Comcast‘s NBCUniversal and Amazon — will likely begin discussing a new media rights later this year, four years ahead of the current agreement’s opt-out clause, according to people familiar with the matter. Schroeder echoed NFL Commissioner Roger Goodell’s comments to CNBC in September that the league would be open to having those talks.
“I’m sure they’re doing work on their end when the time’s right, because they either want to sort of press the ‘engage’ button or the commissioner says, ‘Hey, let’s go do this,’” Schroeder said.
The NFL is expanding the number of international games to nine next season — a record high. The league may sell a new package of some of those games to a media partner as soon as next year, he said.
“That’ll be one of the things we look at,” Schroeder said.
Luxury Sydney retailer Cosette has announced that it will close after 11 years in business.
The announcement, which was shared by the retailer online, also shared that the company will hold an Australian Warehouse Sale to offload remaining stock.
Cosette Announces Closure
Cosette likewise took the opportunity to explain the surprising decision to close its doors for good.
“Unfortunately, the market has changed and we – rather than our mission to make luxury more affordable, every day – were sometimes the story,” the retailer said in its statement. “So, after careful consideration, we have made the decision to close our Sydney warehouse and operations in the near future.”
The retailer has been known for selling pre-owned and authenticated luxury handbags and accessories. However, as news.com.au notes in its report, Cosette was at the center of controversy in 2024 when it was accused of selling fake designer handbags.
Investigations eventually cleared Cosette as it found no evidence to support such claims.
Australian Warehouse Sale
As previously mentioned, Cosette also announced that it will be holding an Australian Warehouse Sale.
The retailer will offer up to 80% off RRP on some luxury brands, such as Saint Laurent, Gucci, Prada and Celine.
There will also be an additional 10% off sitewide, which will be applied at checkout.
“Limited quantities, limited time,” Cosette said in its announcement. “All bags are priced to clear and will not be restocked.”
MEXICO CITY—The Bank of Mexico left its benchmark interest rate unchanged Thursday, pausing after 12 consecutive cuts to assess the inflationary impact of recent tax and tariff increases.
The five-member board of governors voted unanimously to leave the overnight interest-rate target at 7.0% in their first monetary policy meeting of the year. The pause was widely expected.
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India Index founder and CEO Samir Kapadia discusses the benefits of President Donald Trump’s trade deal with India on ‘Mornings with Maria.’
The U.S. and India have reached an interim trade deal that would lower tariffs on both countries, a joint statement Friday revealed.
“The Interim Agreement between the United States and India will represent a historic milestone in our countries’ partnership, demonstrating a common commitment to reciprocal and balanced trade based on mutual interests and concrete outcomes,” the statement said.
U.S. Trade Ambassador Jamieson Greer lauded President Donald Trump’s “dealmaking” for the agreement, saying it “is unlocking one of the largest economies in the world for American workers and producers, lowering tariffs for all U.S. industrial goods and a wide array of agricultural products.”
He added that Friday’s announcement “demonstrates the deepening ties between the United States and India as we create new opportunities for farmers and entrepreneurs in both countries. I thank Indian Minister of Commerce and Industry Goyal for his leadership and commitment to achieve fair and balanced trade with the United States.”
US, ARGENTINA STRIKE SWEEPING TRADE DEAL CUTTING TARIFFS, OPENING MARKETS TO US EXPORTS
President Donald Trump and Indian Prime Minister Narendra Modi shake hands before their meeting at Hyderabad House, Feb. 25, 2020, in New Delhi, India. (AP Photo/Alex Brandon, file) (AP Photo/Alex Brandon, file / AP Newsroom)
This comes after Trump said on Monday that the U.S. and India had agreed to the trade deal following his phone call with Indian Prime Minister Narendra Modi.
Under the terms of the deal, India will “eliminate or reduce tariffs on all U.S. industrial goods” along with other food and agricultural products like animal feed, tree nuts and fruit.
In return, the U.S. will apply a reciprocal tariff rate of 18% on goods from India, including “textile and apparel, leather and footwear, plastic and rubber, organic chemicals, home décor, artisanal products, and certain machinery.”
CHARLES PAYNE UNPACKS THE ‘GUT PUNCH’ OF TRUMP’S DEAL WITH INDIA
A billboard in Ahmedabad, India, in 2020 of President Trump, the first lady and Indian Prime Minister Narendra Modi. (Reuters/Amit Dave / Reuters)
At the successful conclusion of the interim agreement, the U.S. will also remove reciprocal tariffs on other products, “including generic pharmaceuticals, gems and diamonds, and aircraft parts,” according to the joint statement.
The former 50% tariff on Indian goods was cut in exchange for India halting Russian oil purchases and lowering trade barriers.
A general view of the Deendayal Port in Kandla, in the western state of Gujarat, India. (Reuters/Amit Dave / Reuters)
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The agreement adds that “India intends to purchase $500 billion of U.S. energy products, aircraft and aircraft parts, precious metals, technology products, and coking coal over the next 5 years.”
A formal trade agreement between the two countries is expected in March.
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Luxury Retailer Cosette Announces Closure After 11 Years in Business
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