NFL Ordered to Pay Billions in Sunday Ticket Lawsuit
nytimes.com
nytimes.com
>The verdict, which capped a monthlong class-action trial and almost a decade of legal wrangling, includes about $96 million in damages for the bars and restaurants that subscribed to the service, and more than $4.6 billion for roughly 2.4 million residential subscribers.
Wouldn't these establishments that subscribed to the service have passed on their costs to customers? The article doesn't go in depth, but it's unclear to me why the bars and restaurants deserve economic compensation.
Edit: I assume it's compensation for inflated prices.
Just my 2c.
They can only do this if they have the pricing power to do so. If there are a sufficient number of sports bars relative to the number of patrons in a given area they won’t have the pricing power to do so.
> The league maintained it had the right to sell "Sunday Ticket" under its antitrust exemption for broadcasting. The plaintiffs said that only covers over-the-air broadcasts and not pay TV.