Connect with us

Sports TV News

No Live Sports Could Lead To Providers Demanding Refunds

“According to Josh Kosman of The New York Post, Dish Network has already attempted to break the chain, by working to get out of the $80 to $100 million in rights fees owed to ESPN for the month of April.”

Published

on

Billions of dollars are still being spent on sports, but those shelling it out are without a return as the COVID-19 pandemic continues to force an indefinite suspension of all major leagues.

Networks are paying sports rights fees, cable companies are paying networks and subscribers are paying cable companies. There’s a chain reaction of dollars being spent while the product remains on hold. According to Josh Kosman of The New York Post, Dish Network has already attempted to break the chain, by working to get out of the $80 to $100 million in rights fees owed to ESPN for the month of April. 

Dish likely won’t be the only TV provider looking for a rebate on their rights fees agreements, says a report from analyst Rich Greenfield of LightShed Partners.

“US multichannel video subscribers effectively paid ESPN $650 million in April to watch one original series with literally no live sports on TV or for their talk show hosts to even talk about,” Greenfield said in the report.

“The multibillion dollar question becomes: what is stopping distributors from invoking force majeure? We believe there has to be a tipping point where enough sports have not occurred that distributors will refuse to pay sports network programmers.”

Currently, cable companies are still charging customers for sports channels because most sporting events haven’t been canceled, just postponed. My personal cable subscription with Optimum still includes a monthly regional sports network fee of $10.47, even though RSN’s have not aired a new game in six weeks.

It’s hard to anticipate any rebates being handed out as long as sports leagues aren’t planning on canceling their seasons. Providing customers with a rebate for lost games now, might mean charging them more later, if and when those sporting events are played.  

Similarly, sports teams are hesitant to offer returns on ticket sales until league’s determine how and when seasons will be played. If games are officially canceled or if seasons resume with no fans in attendance, it will be the team’s right to hold onto the money and offer tickets to a later event, essentially acting as an interest free loan.

Dish Network’s attempt to break their rights fees agreement with ESPN comes at a time when Disney has already been hit hard financially by the global pandemic. The Walt Disney Company recently furloughed a significant number of employees from their twelve theme parks, including 43,000 at Florida’s Walt Disney World alone. 

ESPN reduced executive salaries by 20 to 30 percent, also asking their top on-air talent to accept a 15% pay cut during the next 90 days. If TV providers such as Dish do back out of their rights agreements, those potential nine-figure losses could certainly have additional impacts on employee salaries. 

Sports TV News

Poll Data Shows Tepid Response To Tom Brady Joining FOX

“A recent Harris Poll conducted on behalf of Front Office Sports showed that 1 in 3 Americans are more likely to watch a game with Brady on the microphone.”

Published

on

FOX Sports reportedly signed Tom Brady to a 10-year deal worth $375 million to make the seven-time Super Bowl champion the new lead analyst for its top NFL broadcast once his playing career is over.

A recent Harris Poll conducted on behalf of Front Office Sports showed that 1 in 3 Americans are more likely to watch a game with Brady on the microphone.

The poll said 2 in 5 NFL fans have a better opinion of FOX Sports following the deal, with 41% of NFL fans being at least somewhat more likely to watch a game with Brady as an analyst.

Data shows one-third of NFL fans think the deal Brady reportedly agreed to is worth about the same as its reported value.

That reaction could probably be described as “tepid”. That may be exactly what FOX expects and maybe all it wants.

Last week, Domonique Foxworth of ESPN suggested that the paycheck is less about what the network thinks Tom Brady means to viewers and more about showing the NFL that the network values its product.

Continue Reading

Sports TV News

FOX Not Interested In Joining Streaming Sports Wars

“All this fight that’s going on, sort of gladiatorial kind of bloodshed, is really for that last position, right, in the three to four services that people will take?”

Published

on

The CEO of FOX doesn’t plan on forking over billions of dollars to be people’s last choice for paid streaming services.

Lachlan Murdoch said at a time when more than 80% of American homes already have some kind of paid streaming service, it’s not worthwhile to jump on that train.

Amazon, Netflix and Disney+ typically account for the average streaming presence in a household.

“All this fight that’s going on, sort of gladiatorial kind of bloodshed, is really for that last position, right, in the three to four services that people will take,” Murdoch said at a tech conference earlier this year. “And so the billions of dollars that’s being spent by multiple aspirants is all for that last position. And so we are extraordinarily — I want to say that — we’re happy to be sort of sitting on the sidelines.”

Murdoch told Benjamin Swinburne that when it comes to the NFL, FOX’s media rights are the same as CBS, NBC and ESPN. The main focus for the company remains on keeping games on TV.

“We don’t believe it helps us to put those rights under a streaming service or free on over-the-air. We think it’s very important that those rights remain exclusive to the broadcast environment,” Murdoch said.

FOX does stream games through its app, but it is only the games it is also carrying on its broadcast network or FS1.

Continue Reading

Sports TV News

NBA Draft To Get Simulcast From ESPN & ABC

“This follows the simulcast model ESPN and ABC have employed for several years with the NFL Draft.”

Published

on

ESPN is set for the 2022 NBA Draft coming up on June 23 at 8 p.m. from the Barclays Center in Brooklyn. The network announced Wednesday the crews that will handle coverage on both ESPN and ABC.

ABC will broadcast the first round in primetime. Kevin Negandhi will host and will be joined by Stephen A. Smith, Chiney Ogwumike and Jalen Rose. Monica McNutt will be reporting and interviewing draftees.

This follows the simulcast model ESPN and ABC have employed for several years with the NFL Draft.

Malika Andrews will host both rounds for ESPN. Jay Bilas, Kendrick Perkins and Adrian Wojnarowski will share the set. Analysts Bobby Marks and Mike Schmitz will contribute.

“We’re thrilled that Malika Andrews will host this year’s ESPN presentation as she brings her well-documented, widespread skillset to our main set,” said David Roberts, head of NBA and Studio Production for ESPN. “The event will showcase the scope and depth of our NBA and college basketball talent roster with accomplished journalists and high-profile personalities across ESPN, ABC and ESPN Radio.”

ESPN will air a pre-draft red carpet show hosted by Cassidy Hubbarth from 5-6 p.m. Perkins and Richard Jefferson will also make appearances.

Continue Reading
Advertisement
Advertisement

Trending

Copyright © 2021 Barrett Media.