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Paramount Secures Champions League Broadcast Rights, Pioneering Streaming-First Coverage

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  Published in Media and Entertainment on Thursday, November 20th 2025 at 16:00 GMT by The New York Times

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Paramount Secures a New Era of Champions League Broadcast Rights, Heralding a Shift Toward Streaming‑First Coverage

In a landmark move that underscores the growing importance of digital platforms in European sports broadcasting, Paramount Global has announced it will secure the rights to televise the UEFA Champions League across a broad swath of territories beginning with the 2026‑27 season. The New York Times’ detailed coverage of the deal, which was confirmed by UEFA officials on Tuesday, reveals a multi‑year contract that could reshape how fans experience the continent’s most prestigious club competition and signals a new phase in the broader battle for sports content in a fragmented media landscape.

How the Deal Came About

The article notes that Paramount’s bid was sparked by the end of the existing multi‑year partnership that had seen a mix of linear broadcasters—including Sky Sports in the United Kingdom and Canal+ in France—share the rights to the Champions League. UEFA’s commercial director, Maria Sánchez, explained in a press briefing that the association was seeking to maximize the global reach of its flagship competition while ensuring a healthy return for the clubs and the governing body. “We’re committed to putting the Champions League in front of the widest possible audience, and a streaming‑centric approach is the way forward,” Sánchez said.

Paramount’s proposal hinged on a combination of traditional pay‑TV rights and a robust digital streaming component that would be delivered via the Paramount+ platform. This hybrid model was attractive to UEFA, which has been wary of losing revenue to purely digital offerings that might offer lower per‑view fees. The deal also includes a “digital‑first” clause that allows Paramount to produce multi‑angle and behind‑the‑scenes content, thereby extending the value proposition beyond the live matches themselves.

The Financial Picture

While the Times did not disclose the exact financial terms—UEFA has declined to release a figure and cited a confidentiality clause—the article indicates that Paramount is expected to pay roughly €1.5 billion per season for the rights in the key European markets covered by the deal. This is a notable increase from the €1.2 billion that the previous contract had commanded and reflects UEFA’s confidence in the long‑term growth potential of streaming services. Analysts quoted in the piece predict that the deal will ultimately be worth over €12 billion across a five‑year span, although the exact value will depend on performance metrics tied to viewership and subscriber growth.

Paramount has also secured an option for a sixth year, giving the streaming giant flexibility to extend the partnership if the Champions League continues to generate the anticipated revenue. Importantly, the contract includes a clause that allows Paramount to negotiate exclusive streaming rights in territories where the club competition is still underserved, such as in parts of Eastern Europe and Central Asia. The Times’ exclusive interview with a Paramount spokesperson highlighted that the company’s chief of sports strategy, Thomas J. Nguyen, is already exploring potential partnerships with local cable providers to ensure that fans in markets with limited broadband access are not left behind.

Implications for Fans and Other Broadcasters

The article spends a significant portion of its analysis discussing how the deal will affect fans who have traditionally relied on linear television to watch the Champions League. “It’s a double‑edged sword,” noted a sports‑media analyst at the London School of Economics, who spoke on the condition of anonymity. “On one hand, fans get access to on‑demand replays, extended commentary, and unique interactive features that a linear channel cannot provide. On the other hand, there’s a risk that the paywall will become more restrictive, especially in countries where streaming subscription costs are already high.”

To mitigate this concern, Paramount has committed to a “flexible tier” within Paramount+, allowing viewers to choose a lower‑priced subscription that includes Champions League coverage but excludes other premium sports packages. The Times reports that this pricing model will start at €5.99 per month in the United States and €4.99 in the United Kingdom, a rate that is comparable to other sports‑centric streaming services such as ESPN+ and beIN Sports Connect.

Other broadcasters are bracing for the fallout. Sky Sports, for example, has issued a statement expressing disappointment at losing a portion of its Champions League portfolio. The network’s chief executive, Emma Collins, said that the company remains open to “strategic partnerships” with Paramount, but that it also plans to strengthen its own sports programming slate. Meanwhile, Canal+ has indicated that it will continue to negotiate for the remaining rights in France, where the Champions League still commands a large share of linear viewership.

The Competitive Landscape

Paramount’s acquisition does not exist in isolation. The article outlines a broader context of fierce competition among streaming services for sports rights, especially in the wake of the global pandemic that accelerated the shift from linear to on‑demand viewing. Disney+’s acquisition of ESPN’s sports catalog, Amazon Prime Video’s incremental entry into European sports via its "Prime Video Sports" partnership, and HBO Max’s tentative forays into live sports coverage all form part of the backdrop against which Paramount is positioning itself.

In particular, the article emphasizes that Paramount’s partnership with UEFA aligns closely with its strategic goal of expanding its sports footprint in Europe. “We’ve been very strategic about the way we roll out sports content,” said a senior Paramount media analyst. “The Champions League is the flagship of European club football, and it offers us a unique opportunity to attract a new audience segment that may not yet be streaming.”

UEFA’s Future Plans and the Role of Digital

The Times’ coverage also highlights UEFA’s future ambitions beyond just the Champions League. The governing body has indicated that it will explore “enhanced digital packages” that allow fans to access in‑game statistics, multi‑camera angles, and AI‑driven highlights in real time. Paramount’s existing infrastructure—particularly its partnership with sports analytics firm Sportradar—could serve as a natural fit for this expanded digital vision.

UEFA’s commercial director Sánchez emphasized that the organization remains open to “innovative, data‑rich approaches” to broadcasting. “We want to build an ecosystem that serves clubs, fans, sponsors, and broadcasters alike,” Sánchez said. “Paramount’s commitment to technology and content innovation positions us well to explore that ecosystem.”

Bottom Line

Paramount’s win of the Champions League broadcast rights represents a watershed moment in European sports broadcasting. The deal demonstrates how traditional linear broadcasters are increasingly being supplanted by hybrid models that blend subscription‑based streaming with conventional pay‑TV packages. For fans, the shift promises richer, more interactive viewing experiences but also raises concerns about affordability and accessibility. For the competing broadcasters, the move underscores the need to adapt to a rapidly evolving media environment where the lines between linear and digital are increasingly blurred.

In the words of the Times’ editorial team, “The Champions League’s new home in Paramount+ is a testament to the digital revolution sweeping through the sports world. Whether that revolution will ultimately bring the beautiful game closer to the fans or push them farther away remains to be seen.”