Facebook Is Building Out A Sports Pay-Per-View Platform

After launching its paid online events platform last year, Facebook has announced plans to double down — aggressively expanding into lower-tier sports leagues and teams.

Friends,

With the internet enabling completely new ways for sports content to be delivered outside of traditional TV broadcasts, many subscription-based, over-the-top (OTT) platforms have popped up.

ESPN is paying $1.5 billion over a five-year period to stream UFC fights on ESPN+, while Amazon is spending almost $1 billion annually for exclusive rights t…