Sports helped Netflix soar, but execs are wary of the high price of media rights

1. Netflix reported strong fourth-quarter results owing to record sports streaming events. 2. Jake Paul-Mike Tyson fight was the most-streamed sporting event ever. 3. NFLX plans to treat sports as part of live programming amid cost concerns. 4. Netflix's strategy emphasizes cautious spending on sports despite ad growth potential. 5. Future sports rights renewals present opportunities but are limited in the near term.