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  "documentTitle": "Genius Sports Limited (GENI)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2021-08-05 00:00:00",
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      "text": "The 800-pound gorillas in the room are the NFL and FanDuel. And Genius or Sportradar are the intermediary. If anyone's going to get squeezed, it's going to be the intermediary.",
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      "text": "We believe inflation in the cost of data rights is a significant risk for Genius and the industry. The rapid growth in the NFL rights (up from a rumored $20 million annually) and the Premier League look to be the new normal for Tier 1 data rights. Based on Tegus interviews with a Manager from competitor Sportradar and an Executive Vice President at customer FanDuel, there appears to be significant competition for data rights and any squeeze in margins will be at the mercy of the data providers.",
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      "kind": "quote",
      "text": "\"Between 10%,15%. Sometimes, let's say, there be a new player or let Stats Perform wanting to have one property, which Sportradar currently has, they will pay everything or they will go up by 20%, 30%, 50% if they must have it because their clients otherwise break away.\" — Former General Manager Sportradar (3/31/2021); \"That's a really good question. I think that they will. I think they'll try to. I think that we'll actually see that happen pretty soon with the NFL.\" — Sales Director Sportradar (3/5/2021); \"Great question. That's a bit of my concern with the industry as I think as I talk to people about this, some people think Genius will have pricing leverage. I'm probably in the camp that the leverage is against them because if I take an example, we have the NFL on one end of the spectrum, the Sportradar, Genius sitting in the middle and FanDuel on the other end of the spectrum.\" — Former EVP of Strategy FanDuel (1/19/2021)",
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      "text": "Inflation For Data Rights Will Likely Continue",
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