Jake Paul, a YouTuber-turned-boxer, defeated boxing legend Mike Tyson within the first reside boxing occasion hosted by Netflix Inc. NFLX.
What Occurred: The occasion occurred on the AT&T Stadium in Arlington, Texas, on Friday, the place Paul, 27, received over 58-year-old Tyson in an eight-round heavyweight match through unanimous choice.
The match, sanctioned by the Texas Division of Licensing and Regulation, noticed each fighters sporting 14-ounce gloves, a deviation from the usual 10-ounce gloves usually utilized in heavyweight fights.
The judges’ scores had been overwhelmingly in Paul’s favor, with tallies of 80-72, 79-73, and 79-73.
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The struggle was initially scheduled for July 20 however was postponed attributable to Tyson requiring medical consideration for an ulcer flareup.
Tyson final competed professionally in 2005 however returned to the ring in a notable exhibition bout towards Roy Jones Jr. in 2020, which concluded in a cut up draw.
Tensions escalated in the course of the weigh-in when Tyson struck Paul.
Why It Issues: This occasion is a important milestone for Netflix in its endeavor to increase into reside sports activities content material, supplementing its present portfolio of reside comedy stand-ups, award reveals, and particular occasions.
The streaming big presently has over 282 million international paid subscribers, with its ad-supported plan just lately reaching 70 million subscribers.
Final month, Netflix reported robust third-quarter monetary outcomes. The firm’s income was $9.825 billion, a 15% improve year-over-year, beating the Road consensus estimate of $9.769 billion.
This profitable foray into reside sports activities content material may doubtlessly increase Netflix’s subscriber base and income sooner or later.
Value Motion: Netflix shares ended Friday’s buying and selling session down 1.57%, closing at $823.96. In after-hours buying and selling, the inventory edged up barely to $825.50 as of this writing, based on knowledge from Benzinga Professional.
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Photograph courtesy: Netflix
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