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☆ With Washington Capitals, Wizards move to Virginia, owner Ted Leonsis pursues his vision of a $10 billion sports empire around Washington, D.C.
  + stars: | 2023-12-14 | by ( Ian Thomas | ) www.cnbc.com   time to read: +8 min
Glenn Youngkin (L) looks on during the announcement of a new sports arena for the Washington Wizards NBA basketball team and Washington Capitals NHL hockey team, on December 13, 2023 Virginia. Win Mcnamee | Getty Images News | Getty ImagesTed Leonsis, the owner of the NBA's Washington Wizards and the NHL's Washington Capitals, has a grand vision for growing a regional sports empire. Glenn Youngkin announced that the Capitals and Wizards have agreed to move to a new arena in Alexandria, Virginia, as part of a $2 billion entertainment complex in 2028. How will they compete with big market teams? "We could have a billion-and-a-half-dollar revenue run rate and a $10 billion to $15 billion trend of valuation," Leonsis said.
Persons: Ted Leonsis, Glenn Youngkin, Win Mcnamee, Leonsis, we'll, aren't, I'm, it's, It's, David Rubenstein, David Blitzer, Blackstone, James Dolan, Stan Kroenke, Kroenke, I've Organizations: Monumental Sports, Entertainment, Virginia Gov, Washington Wizards NBA, Washington Capitals NHL, Getty, Washington Wizards, NHL's Washington Capitals, CNBC, Summit, Washington , D.C, AOL, Capitals, Wizards, Washington Mystics, Capital, D.C, Sports, Mystics, NHL, Baltimore Orioles, Washington Nationals, MLB, Carlyle Group, Bloomberg, Orioles, Red Sox, Fenway Sports Group, Boston Red Sox, Pittsburgh Penguins, Premier League's Liverpool, Philadelphia 76ers, New, New Jersey Devils, Washington, Cleveland Guardians, MSG, Sphere Entertainment, Madison Square Garden Entertainment, New York Knicks, Rangers, MSG Networks, Atlanta Braves Holdings, Liberty Media, Sports & Entertainment, Nuggets, Avalanche, Los Angeles Rams, Premier League's Arsenal FC, Qatar Investment Authority, MSG Sports, NHL's Rangers, NBA's Knicks, Phoenix Suns, NBA, Ottawa Senators, Braves Locations: Virginia, Alexandria , Virginia, Washington ,, Washington, London, Richmond, Delaware, New Jersey, Real Salt Lake, Denver, MLS's Rapids, Colorado, Monumental
☆ YES Network launching streaming service to give non-cable viewers access to Yankees games
  + stars: | 2023-03-29 | by ( Alex Sherman | ) www.cnbc.com   time to read: +2 min
The YES Network is launching a direct-to-consumer streaming service, giving non-cable subscribers the ability to watch New York Yankees games. The YES Network will charge $24.99 per month, or $239.99 annually, according to an announcement. The YES Network broadcasts games for the Yankees, the NBA's Brooklyn Nets and the WNBA's New York Liberty to fans that live in the greater New York area. "We are pleased to introduce a direct subscription option," said Yes Network CEO Jon Litner in a statement. The YES Network is co-owned by the Yankees and a corsortium of other investors including Amazon and Sinclair Broadcast Group.
☆ MSG Networks to launch streaming service for Knicks, Rangers games
  + stars: | 2023-03-01 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +3 min
MSG Networks, James Dolan's cable-TV channels that feature local New York and New Jersey professional sports games, is launching its own streaming service. MSG Networks also said it recently launched a free, ad-supported streaming TV, or FAST, channel called MSG SportsZone, which is available nationally on Vizio televisions and the Plex streaming platform. The FAST channel features MSG Networks' programming centered around sports betting and classic games. MSG+ will only be available in the region that already carries its MSG Networks on cable-TV. MSG Networks' new streaming service will also allow fans to purchase single game streaming feeds for $9.99 per game.
☆ Disney slams Peltz for lack of media experience, but its board is light on it, too
  + stars: | 2023-01-18 | by ( Alex Sherman | ) www.cnbc.com   time to read: +2 min
Disney directors unanimously rejected activist investor Nelson Peltz's request to join the board this month, in large part due to his lack of media industry expertise. That would be a stronger argument if Disney's current board members had ample media and entertainment experience when they joined. Peltz's strongest claim for a board seat is probably ensuring that succession planning finally happens in an organized and coherent way – which doesn't appear to be the primary argument he's making. According to a company filing Tuesday, Disney decided not to offer Peltz a board seat because he didn't suggest any specific strategic ideas and had minimal industry experience. But Disney's board is filled with directors whose prior experience have little to do with streaming services, legacy pay TV, theme parks or films.
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