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Message
Bally's Sports to file Chapter 11 Bankruptcy
Posted on 2/10/23 at 11:01 pm
Posted on 2/10/23 at 11:01 pm
LINK
I found it odd at the time that the Pels chose to renew their deal with Bally's, knowing that this could be coming. This RSN barely worked as part of a larger Fox Sports. By itself, it's clearly crumbling. And who could buy it? Disney cannot; that's why Sinclair bought the Fox RSN in the first place (monopoly issues with ESPN). Fox certainly won't want it back. Discovery Warner is cutting, not expanding. Comcast could afford it, but wouldn't that create the same monopoly problem that ESPN had? And Viacom is not as rich as their competitors so they don't typically get into these money draining deals. That leaves the smaller companies, and who of them is in a position do take on the money pit that is Bally's?
The cable RSN model is not working, and I don't think anyone knows how to fix it. I think at some point the league will have to produce and distribute the local broadcasts. Beyond that, this is just a giant mess that is abut to get worse.
I found it odd at the time that the Pels chose to renew their deal with Bally's, knowing that this could be coming. This RSN barely worked as part of a larger Fox Sports. By itself, it's clearly crumbling. And who could buy it? Disney cannot; that's why Sinclair bought the Fox RSN in the first place (monopoly issues with ESPN). Fox certainly won't want it back. Discovery Warner is cutting, not expanding. Comcast could afford it, but wouldn't that create the same monopoly problem that ESPN had? And Viacom is not as rich as their competitors so they don't typically get into these money draining deals. That leaves the smaller companies, and who of them is in a position do take on the money pit that is Bally's?
The cable RSN model is not working, and I don't think anyone knows how to fix it. I think at some point the league will have to produce and distribute the local broadcasts. Beyond that, this is just a giant mess that is abut to get worse.
3
Posted on 2/10/23 at 11:18 pm to bstaceyau19
The MLB, NHL, and NBA withdrew an offer to buy the networks in December. The leagues will probably end up being the ones getting the rights back in the end. They owe about $3 Billion to the leagues and aren’t even able to make interest payments on their loans.
What happens after that is unknown. Could be direct to consumer with league pass or partnering with someone else to distribute the games.
What happens after that is unknown. Could be direct to consumer with league pass or partnering with someone else to distribute the games.
Posted on 2/13/23 at 5:31 pm to bstaceyau19
Bally’s filing bankruptcy is like Chinese Democracy by Guns N Roses. I will believe it when I see it.
CD was a running joke for years before finally escaping and being the subject of a Dr Pepper giveaway making fun of it finally escaping.
CD was a running joke for years before finally escaping and being the subject of a Dr Pepper giveaway making fun of it finally escaping.
Posted on 2/13/23 at 10:12 pm to bstaceyau19
They can kiss my a$$. I use streameast and get it free
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