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re: Bally's Sports to file Chapter 11 Bankruptcy
Posted on 2/10/23 at 11:18 pm to bstaceyau19
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.
1
Posted on 2/11/23 at 12:03 am to TigerinATL
quote:
The leagues will probably end up being the ones getting the rights back in the end.
1. Make all the games available ANYWHERE via League Pass with NO BLACKOUTS WHATSOEVER.
2. Bally's was also producing the live games (cameras, audio, announcers, etc,). So the NBA would have to take over not only distribution but also technical production. So the current Bally's employees would end up as NBA employees.
3. Maybe if Joel and AD win the $750 million powerball, they could start their own independent production company and contract their work to the NBA
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