Pac-12 Networks, a privately owned company headquartered in the US and a subsidiary of the Pac-12 Conference, founded in 2011, operates with approximately 200 employees, reported $138.5M in revenue as of 2023, and functions as a tier 1 media tech buyer. The company operates an American sports-oriented digital cable and satellite television network, providing media and TV services.
Pac-12 Enterprises partnered with Lumen Technologies to use Network-as-a-Service for live sports broadcasting. This partnership, announced in multiple reports, utilizes Lumen's technology to improve broadcast quality while reducing costs and complexity. The new broadcasting model debuted on August 30, 2024, with a Washington State game. Lumen Technologies' stock price increased significantly following the announcement of this partnership, climbing by 12.37 percent on Wednesday to close at $5.27 per share and later jumping 12.69%. The deal uses Lumen's Network-as-a-Service technology to deliver live college football games remotely. Pac-12 Enterprises also announced a partnership with The CW, highlighting mutual growth and transformation in their broadcast production business.
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Pac-12 Networks offers products in the media and telecoms services industry. Pac-12 Networks's product portfolio comprises of media and TV services.
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Pac-12 Networks's revenues were less than $250M in 2023. All the revenue comes from video streaming.
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