This had been predicted for a while with cord-cutters on one side and ballooning sports rights fees on the other, but could what comes next actually be more beneficial to the fan?
This had been predicted for a while. Cord-cutters on one side, ballooning sports rights fees on the other. The destruction of the fragile underpinnings on which the economics of sports have been built was just a matter of time, but would it be a massive implosion or a long, slow leak?after Diamond Sports, the parent company of the Bally Sports channels, missed a required payment to the club and let the broadcast rights revert to the team and to Major League Baseball.
Where are the Angels in this mess? When Sinclair Broadcasting purchased those Fox Sports regional networks and spun them off into Diamond Sports, among the contracts they inherited wasthat the Angels had signed with Fox Sports West before the 2012 season. That contract – which was dwarfed anyway months later when the Dodgers reached a 25-year, $8.35 billion deal to launch their own network – seems to be about as valuable right now as a blank piece of paper.
Diamond Sports/Bally does have streaming rights to all 16 NBA teams and all 12 of the NHL teams with which it does business, including the Clippers with their ClipperVision platform on Bally Sports+. This suggests there might be a different ending with the clients in those sports, but $8 billion in debt is still hard to get around.
in its negotiations with sports networks and streamers. One reason it seems to be taking forever: The dollars the Pac-12 seeks just might not be there anymore.
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