Bombshell Wall Street Journal report declares streaming giant Netflix attempted to buy World Surf League late last year though negotiations fell apart over price tag!

House of Cards.

We surf fans know, better than maybe any other grouping of sports fans, that our governing body, the World Surf League, is pure smoke and mirrors. From ridiculous bullishness on numbers, fortified Walls of Positive Noise, Stalin-esque reimaginings of history, Erik Logan etc. the whole operation is gloriously absurd but the whole shootin’ match was allegedly almost purchased by streaming giant Netflix earlier this year.

Whoa!

Per reporting from The Wall Street Journal via 9 to 5 Mac:

Meanwhile, Netflix pursued low-cost ways of diversifying its own catalog with streaming sports. The Journal reports that Netflix has considered bidding or has bid on specific sports streaming rights in Europe:

The company recently bid for the streaming rights for the ATP tennis tour for some European countries, including France and the U.K., but dropped out, one of the people said. It also discussed bidding for a series of other events including U.K. rights to the Women’s Tennis Association and cycling competitions, the people said.

What’s even more intriguing is the possibility of a subscription video service just outright buying a sports league. That’s apparently what Netflix attempted to do with surfing:

The company late last year was in talks to buy the World Surf League, but negotiations fell apart because the two organizations couldn’t reach an agreement on a price, people familiar with the potential deal said.

The Journal goes on to explain how sports streaming could create new opportunities for Netflix:

Some Netflix executives believe that given the size of its platform, Netflix could turn lesser-known sports like surfing into big franchises, and create new sporting tournaments or events, the people said.

How you like them apples?

I, first off, wonder what the difference in price tag between professional surfing’s current owner Dirk Ziff and Netflix was.

I, then, think about how much better the show might be on a platform that would have a vested interest in building intrigue, better storylines, more dynamic locations, no Surf Ranch into the mix.

Time for some surf journalism.

Are you there Sean Doherty? It’s me, Chas.

More as the story develops.

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Matt Fitzsimmons
Matt Fitzsimmons
3 years ago

It’s on long Island not in Long Island….

samwaters
samwaters
3 years ago

I don’t think Natasha is quite ready to sell yet.

Tracey lungs
Tracey lungs
3 years ago

Is this a shot over the bow? The wsl offers clean sport. Women get paid the same, its woke. That alone makes it stand out over elephant polo or monkey checkers. The reality its going to be big business in wealthy communities that can afford wave pools. I’m guessing we’re going to see Cadillac and Rolex sponsors in 5 years. As tech and access increase we will see the wave pool generation. We won’t like them. They won’t like us. It will be different. It will be lucrative. Just get your snickers bars ready to float in the chaos!

samwaters
samwaters
3 years ago
Reply to  Tracey lungs

I wouldn’t bet the farm on that,

Firelipe Torpedo
Firelipe Torpedo
3 years ago

For Sale: 1976 intergalactic surf league, robust positive growth in all sectors, No Low Balls. I know what I got.

John Smith
John Smith
3 years ago

That paint across the middle isn’t because it’s been broken, I just like sur fart.

notsurfingtoday
notsurfingtoday
3 years ago

Against all odds, bodyboarding did quite well this year, had a phenomenal finish in the canary islands, massive fronton slabs. Filipe wouldn’t touch it with a stick. No US and no Aus events though.

Spinafex
Spinafex
3 years ago

Wrong. The deal collapsed because ELO wants to copy Netflix’s model and expand into other niche sports like Curling and that Mongolian one where they play horseback rugby with a sheep carcas.

Capt Sensible
Capt Sensible
3 years ago

Pro surfer as job is rapidly becoming quite uncool.

Elo's Stool
Elo's Stool
3 years ago

It won’t be long until http://www.erikelologan.com is launched.

AI (for ever) .
AI (for ever) .
3 years ago

Given Ziff got it for nothing and all it does is lose money, Ziff blowing away Netflix means he would rather see it fold then grow under someone else.

samwaters
samwaters
3 years ago

Dude, your forgetting,Natasha has a day in all of this.

justiceminister
justiceminister
3 years ago

Netflix wisely dodged the financial bullets being fired at it. Maybe someone whispered in their ear that surfers are not known for being wild spending subscription types. Free or not at all.

Ziff would have saved a bundle if the sale had gone ahead though. Even at a price tag of zero dollars. So some upside for him and he would have felt like a chameleon shedding a life times worth of skin all at once.

Black Rubber
Black Rubber
3 years ago

The “numbers” are likely the reason they couldn’t reach an agreement. The over inflated reach the WSL purports would demand a figure that Netflix will never pay.

That said, didn’t Ziff buy the ASP for like $0? If Netflix pays $5, that’s quite a return on investment! (That’s some ELo level spin!)

AI (for ever) .
AI (for ever) .
3 years ago
Reply to  Black Rubber

If you buy the woozle I imagine the Kelly wave pool is part the package, a huge expensive to maintain cost to the bottom line that everyone hates.
It’s barely worth the water in it minus everything else!

Pretty sure that’s why it’s back on tour but

No matter how you dress a pig,

It’s still a pig

Skippy
Skippy
3 years ago

Sophie bought KSWC urinal AND artificially inflated ladies purses then peaced out for a BETTER gig, fucking balls on that bitch.

Sean Connery
Sean Connery
3 years ago
Reply to  Skippy

She saw the writing on the wall

Elo's Stool
Elo's Stool
3 years ago

Chas, if you actually do actual surf journalism I quit in protest. Wash your mouth out.

Elo's Stool
Elo's Stool
3 years ago

Sell, sell, sell!

Ricky Spanish
Ricky Spanish
3 years ago

4 x 0 is still 0

DavidC
DavidC
3 years ago

Not surprised Netflix buys any old piece of shit production & sees if it sticks.

RQ.
RQ.
3 years ago

low-cost
lesser-known

ouch

tim_nelsen
tim_nelsen
3 years ago

“I’ve been training for the finals at my home ranch…here’s my selfie-resume…” (photo: Moreira)

https://scontent-sjc3-1.xx….

AI (for ever) .
AI (for ever) .
3 years ago
Reply to  tim_nelsen

I’m confused.
Why do people do that and even more confusing, why does someone take a photo of it?

Abscessed Llama
Abscessed Llama
3 years ago

If I could pull this off it would replace all my dick pic’s..

Sean Connery
Sean Connery
3 years ago

I think the goat yoga instructor cancelled her class that day.

tim_nelsen
tim_nelsen
3 years ago

in context, was thinking this move by Felipe in the Trussles finals could surpass anything Gabe does in the air…

John Smith
John Smith
3 years ago
Reply to  tim_nelsen

Hang 8

astro
astro
3 years ago

You’re gonna get Gigi all riled up !

Nicole Anstedt
Nicole Anstedt
3 years ago
Reply to  astro

Truth.

astro
astro
3 years ago

Netflix: No we’re not paying a fucken cent for KSWC, or anything outside of the CT.
Let’s talk viewer numbers. 8million, you say ? That’s a fucken big number, Eric…..
Etc etc etc

Sean Connery
Sean Connery
3 years ago
Reply to  astro

Eric: Well… Yeah….Ummm… The WSL Finals…blah blah blah


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