Telefónica Secures Exclusive LaLiga Broadcasting Rights in Spain

TL;DR

**Telefónica just locked down exclusive LaLiga football rights, big win for their pay-TV.**

AI Summary

Telefónica, S.A. announced on January 19, 2024, that its subsidiary, Telefónica Audiovisual Digital, S.A.U., secured exclusive broadcasting rights for five matches per matchday of Spain's First Division (LaLiga) for pay television in the residential market. This includes the highly anticipated "El Clásico" of the second round and gives Telefónica first pick in 18 matchdays. This matters to investors because securing these popular sports rights can attract and retain subscribers, potentially boosting revenue and market share for Telefónica in the competitive Spanish telecommunications market.

Why It Matters

This deal allows Telefónica to offer highly sought-after football content, which is crucial for attracting and retaining customers in the Spanish pay-TV market, directly impacting its subscriber base and revenue.

Risk Assessment

Risk Level: low — This filing reports a positive business development that strengthens Telefónica's content offerings, posing minimal immediate risk.

Analyst Insight

A smart investor would view this as a positive development, strengthening Telefónica's competitive position in the Spanish pay-TV market. It might be worth monitoring subscriber growth and ARPU (Average Revenue Per User) in future earnings reports to gauge the full impact of this content acquisition.

Key Numbers

• 5 — matches per matchday (number of exclusive matches Telefónica can broadcast)
• 18 — 1st pick matchdays (number of matchdays where Telefónica has first choice of games)
• 17 — 2nd pick matchdays (number of matchdays where Telefónica has second choice of games)
• 1 — matchday for 2024/2025 season (number of full matchdays (10 matches) awarded for the initial season)
• 3 — matchdays in remaining seasons (number of full matchdays (10 matches each) awarded for subsequent seasons)

Key Players & Entities

• Telefónica, S.A. (company) — registrant and parent company
• Telefónica Audiovisual Digital, S.A.U. (company) — subsidiary awarded broadcasting rights
• Liga Nacional de Fútbol Profesional (company) — organizer of LaLiga
• LaLiga (company) — Spanish First Division football league
• Real Madrid (company) — prominent football club whose matches are included
• January 19, 2024 (date) — date of the announcement and award

Forward-Looking Statements

• Telefónica's pay-TV subscriber base in Spain will see an increase or improved retention due to these exclusive LaLiga rights. (Telefónica, S.A.) — medium confidence, target: Q4 2024 earnings report
• Revenue from Telefónica's Audiovisual Digital segment will show growth in upcoming quarters. (Telefónica Audiovisual Digital, S.A.U.) — medium confidence, target: Q1 2025 earnings report

FAQ

Filing Documents

• tef-exclusivebroadcastingr.htm (6-K) — 22KB
• image_0a.jpg (GRAPHIC) — 4KB
• 0000814052-24-000006.txt ( ) — 28KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of January, 2024 Commission File Number 001-09531 Telefnica, S.A. (Translation of registrant's name into English) Distrito Telefnica, Ronda de la Comunicacin sn, 28050 Madrid, Spain +34 91-482 87 00 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F Form 20-F X Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) Yes No X Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) Yes No X Telefnica, S.A. TABLE OF CONTENTS Item Sequential Page Number 1. Telefnica Exclusive broadcasting rights for the Primera Divisin 2 TELEFNICA, S.A. (Telefnica) in compliance with the Securities Market legislation, hereby communicates the following OTHER RELEVANT INFORMATION As of today, 19 January 2024, in the new tender of Liga Nacional de Ftbol Profesional (LaLiga), Telefnica Audiovisual Digital, S.A.U. (Telefnica) has been awarded exclusive broadcasting rights of five (5) matches per matchday of First Division for pay television in the residential market in Spain. Telefnica will have 1 st pick in 18 matchdays and 2 nd pick in 17 matchdays (or the applicable portion for 20242025 season), including El Clsico of the second round (Lot 1). Likewise, it has been awarded exclusive broadcasting rights of one (1) matchday for 20242025 season and three (3) matchdays in the remaining seasons, which contain ten (10) matches each and will include relevant matches of Real Madrid C.F., F.C. Barcelona and Club Atltico de Madrid against best classified teams of previous season (Lot 3). The award covers 20242025 season, from 20 th January 2025, as well as 20252026 and 20262027 seasons. The award price has been 250 million euros for 20242025 and 520 million euros for each of the 20252026 and 20262027 seasons. Therefore, for the entire cycle until 2027 same cost per season is maintained as in the previous award to Telefnica. Telefnica consolidates with this its football offer, so Movistar Plus+ customers will continue to enjoy 100% of La Liga matches as well as UEFA Competitions until 2027. Madrid, 19 January 2024. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Telefnica, S.A. Date January 19, 2024 By s Pablo de Carvajal Gonzlez Name Pablo de Carvajal Gonzlez Title Secretary to the Board of Directors

View Full Filing

View this 6-K filing on SEC EDGAR