Last year, CBS and NBC paid a combined $450 million to air 10 games, both were interested in retaining the rights but not willing to get into a bidding war. And in a departure from the NFL's unofficial policy of doling out short-term leases on the Thursday night games, Fox's stewardship of the weeknight window will extend through 2022-which is when the existing Sunday afternoon and Sunday night deals are set to expire.
The NFL's "Thursday Night Football" isn't going anywhere anytime soon.
"We thought making a long-term commitment was in the best interest of our product and the ownership group", said New England Patriots owner Robert Kraft.
Fox Sports has landed the NFL's Thursday Night Football package for the next five seasons.
As has been the case for the last four seasons, NFL Network will televise the remainder of the 18-game "TNF" package.
For Fox, the deal brings even more National Football League games under the network's umbrella, with Fox broadcasting a full slate of games every Sunday of the National Football League season (as does CBS).
"Football is in our blood at Fox", says Peter Rice, president, 21st Century Fox.
The Thursday night slate has been controversial among players, who have complained about the toll it takes on them physically, and many have complained about a lesser quality of play in those games.
Fox will continue to broadcast Sunday games on top of Thursday ones. Twitter and Amazon have each previously streamed Thursday games.
CBS said in a statement, "We explored a responsible bid for Thursday Night Football but in the end are very pleased to return to entertainment programming on television's biggest night".