Facebook, Twitter and Snapchat All Want to Stream Soccer’s World Cup

July 6, 2017, 12:06 PM UTC
Germany v Argentina: 2014 FIFA World Cup Brazil Final
RIO DE JANEIRO, BRAZIL - JULY 13: Mario Goetze of Germany scores the opening goal past Sergio Romero of Argentina during the 2014 World Cup Final match between Germany and Argentina at Maracana Stadium on July 13, 2014 in Rio de Janeiro, Brazil. (Photo by Chris Brunskill Ltd/Getty Images)
Chris Brunskill Ltd Getty Images

Three of the world’s biggest social media networks are in talks to stream video highlights of next year’s soccer World Cup, according to Bloomberg.

Facebook (FB), Twitter (TWTR) and Snapchat owner Snap Inc. (SNAP) have offered 21st Century Fox (FOX), tens of millions of dollars for the rights to highlights packages from the tournament, which is the world’s most commercially valuable sporting event after the Olympic Games.

Read: Facebook Kicks Up Live Video Business With Major League Soccer Deal

Fox, which has a multi-year deal for the U.S. broadcasting rights to FIFA’s flagship tournament, hasn’t decided whether to sell exclusive rights to one buyer or to negotiate multiple deals, according to Bloomberg.

The World Cup would be a logical addition for streaming by social media networks, which have struck a number of similar deals for the Olympics (Snapchat), the NFL (Twitter) and the UEFA Champions League (Facebook). However, none of them will be able to strike a global deal for streaming rights, as FIFA contracts individually with national broadcasters, in a format which also gives them rights to online distribution in their respective countries.

Read: The U.S., Canada and Mexico Want to Host the FIFA World Cup Together

FIFA and Kantar Media estimated that over 1 billion people worldwide watched the 2014 World Cup final between Germany and Argentina. Only 25 million of them were in the U.S., however.

More importantly for the likes of Facebook and Snap, FIFA estimates that 280 million people watched games from the 2014 tournament online or on a mobile device.