Thanks in large part to the popularity of the NFL on television, in 2018 media rights will for the first time supplant gate revenue as the most lucrative subsector of the North American sports industry, according to a study released Monday.
In 2014, gate revenue accounted for $17.71 billion in revenue in North America while media rights was at $14.6 billion, good enough for third place among the four subsectors, behind sponsorship and ahead of merchandising, according to PricewaterhouseCoopers.
Media rights, though, are growing faster than all other sub-sectors, so they will be the biggest driver of revenue by 2018 when they bring in $19.95 billion, PwC said Monday. By then, gate revenue will be $19.72 billion, sponsorship will be $17.64 billion and merchandise will be $14.25 billion.
Between 2014-2022, broadcast networks will pay an estimated $40 billion for the rights to broadcast professional football games. Also contributing to growth is the fact that 35 percent of the deals for local TV rights to MLB, NBA and NHL games expire in the next five years so they will presumably be renewed at inflated prices, said PwC.
The entire sports market is expected to grow about 4 percent annually to $73.52 billion in 2019, according to PwC.
Credit to the Hollywood Reporter who originally published this article
ESPN, Omaha Productions Expands Places Franchise into Hockey, College Basketball, Tennis
“PK Subban will host PK’s Places focused on hockey, Sue Bird will host Sue’s Places focused on college basketball, and John McEnroe will host McEnroe’s Places focused on tennis.”
Peyton’s Places has been one of the great successes in terms of original series on ESPN+. The franchise, which began with Peyton Manning visiting places and people integral to the history of the NFL, has expanded into new sports in recent years. Now, there are spinoffs starring Eli Manning, Abby Wombach, Ronda Rousey, Davíd Ortiz, and Vince Carter.
At Tuesday’s Disney Upfront presentation, the Manning Brothers announced three new additions to the Places family.
PK Subban will host PK’s Places focused on hockey, Sue Bird will host Sue’s Places focused on college basketball, and John McEnroe will host McEnroe’s Places focused on tennis.
“The Places franchise is all about giving fans an inside look at their favorite sport so we are excited to be adding such incredible teammates as the Places Universe continues to expand,” said Peyton. “Sue, P.K. and John will all bring a unique and colorful perspective to their sport’s history as they give viewers a look at some of their favorite places.”
In addition to the new shows, Peyton and Eli are coming back. Peyton’s Places will get a third season. Eli’s Places will get a second season.
No Timetable For Big Ten To Get TV Deal Done
“Warren told The Athletic that he wasn’t married to a deadline of having a deal to announce by Memorial Day.”
Negotiations are reportedly continuing between the Big Ten Conference and media partners to complete a new media rights deal, and conference commissioner Kevin Warren isn’t in a hurry to make an announcement.
Warren told The Athletic that he wasn’t married to a deadline of having a deal to announce by Memorial Day.
“I want to make sure we take the appropriate time to get this wrapped up, but we’re making really good progress; that’s the good thing about it,” Warren said. “It’s a great time to be in this space. And there are so many really talented people in this area. But we have a good team. We have a great conference, and so I just really look forward to making sure that these are done in a very thoughtful manner and keep our fans and our student-athletes at the center of our decisions.”
FOX Sports will remain the anchor partner for Big Ten football games, but the conference is working with its other partners like ESPN and CBS for basketball and listening to other potential suitors to add a streaming element.
“The media landscape has changed, and you think (of) the interplay between linear television and streaming,” Warren said. “We just have to really think through what fits for what the Big Ten stands for, what’s in the best interest of our fans, what’s in the best interests of our student-athletes, what’s in the best interest of our member institutions.”
The deal, when finalized, could be worth close to $1 billion and would see a modest increase in money paid out to member schools.
Kevin Harlan Angry People Thought He Was Insulting Odell Beckham Jr.
“I was furious that I took heat over that, because I wasn’t given a chance to finish what I was going to say because of what the broadcast was doing at the time.”
Broadcaster Kevin Harlan has a bone to pick with the social media mob. Harlan wants the record set straight after comments made about NFL wide receiver Odell Beckham Jr. during a recent NBA Playoffs telecast.
Beckham was spotted by TNT cameras during a recent game in the Dallas Mavericks/Phoenix Suns series when Harlan pointed out that Beckham got injured during this year’s Super Bowl.
“He blew a knee in the Super Bowl on a crossing pattern,” Harlan said in response to his broadcast partner Reggie Miller, who said Harlan needed to give OBJ the correct title of Super Bowl champion.
Reaction on Twitter was outrage, as people believed Harlan was trying to take a swipe at the former Cleveland Browns/Los Angeles Rams wideout.
But Harlan, who called Super Bowl LVI on the radio for Westwood One, said that simply wasn’t the case.
“I know the NFL, I know what it meant to him,” Harlan told USA Today. “And I couldn’t finish it and I got attacked and that’s the kind of world we live in now. And I was furious that I took heat over that, because I wasn’t given a chance to finish what I was going to say because of what the broadcast was doing at the time.
“What I was going to finish saying, but I was unfortunately interrupted was, ‘And look at him walk after blowing that knee, knowing that he was a part of a Super Bowl championship performance,'” he added.
Harlan continued that the timing just didn’t work out. He thinks it’s ridiculous that people would take him out of context.
“I was going to tell a story. I know who he is. I’ve called every year of his career,” he said. “I was just going to try this thing – you just have to be so vigilant, so alert to everything that happens. I was left hanging. I took the brunt of it. I didn’t like it.”