DanMcQ
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Post by DanMcQ on Feb 6, 2024 19:25:59 GMT -5
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hoyaguy
Golden Hoya (over 1000 posts)
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Post by hoyaguy on Feb 7, 2024 3:06:10 GMT -5
Teddy Roosevelt would blow a gasket knowing how crazy these corps are getting with merger after merger and "joint partnerships" lol. Just another reason for those associated streaming platforms to up their prices even more. Better at least result in a better pay out for the big east.
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Post by hoyasaxa2003 on Feb 7, 2024 10:10:06 GMT -5
Teddy Roosevelt would blow a gasket knowing how crazy these corps are getting with merger after merger and "joint partnerships" lol. Just another reason for those associated streaming platforms to up their prices even more. Better at least result in a better pay out for the big east. I think it's just a recognition of all of these companies that long-term streaming is going to be where they need to be. I think it's also an effort to stave off entities like Netflix from taking live sports. I do think it's odd that Disney/ABC/ESPN+ is part of this though. I assume there will be people raising antitrust concerns depending on how it is actually structured.
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RBHoya
Diamond Hoya (over 2500 posts)
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Post by RBHoya on Feb 8, 2024 11:54:37 GMT -5
I think it's just a recognition of all of these companies that long-term streaming is going to be where they need to be. I think it's also an effort to stave off entities like Netflix from taking live sports. I do think it's odd that Disney/ABC/ESPN+ is part of this though. I assume there will be people raising antitrust concerns depending on how it is actually structured. I think the bolded part is key. Netflix threw a ton of money at WWE a couple weeks ago which signaled that they are finally ready to move into regularly occurring live content. Penetration of their streaming service is tremendous. Netflix has about 72 million US subscribers, which puts them in roughly as many households as ESPN (70.2 million), FS1 (70.4 million) or TNT/TBS (69.2 million). And that's without any live content. If Netflix decides that they're going to be a player in that space, it'll likely only further their dominance. Most of the other services are losers financially. I think this venture is basically #3 (Disney) and #4 (Max/WBD) trying to form an alliance before #1 (Netflix) completely runs away with the streaming wars. All of this leaves out the 2 looming giants with streaming services: Amazon (market cap: 1.78 TRILLION) and Apple (market cap: 2.9 TRILLION). If either of those decides they want to make a godfather offer for sports rights, they would crush the likes of Disney (market cap: 201 billion) or WBD (market cap: ~24 billion). They've both dabbled in live sports, but may be biding their time/picking their spots, knowing that the bubble may pop and that some of the competitors for live sports rights may struggle as their linear tv business slowly dies and their streaming services continue to hemorrhage. Another reason why Disney/Fox/WBD would like to get out in front this and establish themselves as the location for live sports for all the cordcutters and the cord-never-had-ers. What does it mean for Georgetown and the Big East? I think in any media rights deal there are 2 main concerns: a) how much money does it make us (duh) and b) how much visibility does it give us? It feels like if this venture works (which I'd guess will depend a lot on how its priced), you're going to want to be with either Disney/ESPN or Fox and be featured on this service. It will be the hub for all things sports. But on the downside, it might not be great dollar-wise for us. In the past you relied on competition, especially between Disney/ESPN and Fox/FS1, to drive up offers. But if those guys are now joining forces and putting their content on a joint streaming platform, I am not sure what would compel them to make huge offers. I'm sure there's still some value to ESPN or Fox in being the rights holder and airing the games on their linear networks, but it feels like there's potential that this whole thing expedites the death of linear cable to all but the oldest generations who can't be bothered to change from the familiar interface. Therefore, I don't expect Disney/ESPN and Fox/FS1 to make us hugely lucrative offers. And that would mean that you're dependent on another outside player to have strong interest to drive up the price. Someone like Universal/NBC/NBCSN/Peacock, Paramount/CBS/CBSSN/Paramount+, or Netflix. The first two seem like they would be bad news for visibility, and Netflix is a total wildcard as they've never had rights for anything like college basketball. Will be really interesting to follow the next round of negotiations.
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Post by 104pleasant on Mar 6, 2024 8:45:12 GMT -5
Negotiation of Big East Media Contract
I believe that much of the success which the Big East Conference has enjoyed during the past decade is related to its visibility on Fox (free) TV., making it (perhaps) the most visible mens basketball conference in the US. With that thought I am concerned that that it’s visibility may not be available because of recent network commitments to football power conferences Big10, SEC and others.
Do any of the “insiders” know the status of negotiations of the Big East new media contract?
My understanding is that the current Fox agreement required the parties to open renewal discussions but allows the Big East to open negotiations with other providers if a renewal agreement was not reached. Does anyone know where discussions are with Fox or other entities?
Did the Big East retain a media consultant, or is it attempting to do it “in house”?
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