AdvertisementSports media rights have never been more expensive, but media companies keep paying up.
The number of TV shows across the industry has been declining since the 2022 end of the Peak TV era.
Media companies have been aggressively pursuing other secondary sports to maintain their value to distributors and advertisers, as Warner Bros.
All this has dire implications for entertainment budgets, which media companies have already been trimming after overspending to build streaming businesses.
AdvertisementRelationships with the top people in sports will likely be a bigger factor in leadership at media companies moving forward.
Persons:
—, Doug Shapiro, Shapiro, Seth Meyers, Spencer Wang, David Levy, — it's, Levy, it's, Jonathan Miller, WBD, Michael Kassan, Mark Lazarus, Media Group's, John Kosner, Ed Desser, Sports doesn't, David Zaslav, Alex Iosilevich
Organizations:
Service, NBA, Business, Turner Broadcasting, Apple, Google, Street Journal, NBC, ESPN, Amazon, Warner Bros, NFL, Comcast, Netflix, Nielsen, Turner Networks, Horizon, Entertainment, Marvel, Star, Integrated Media Co, Hollywood, Media, Warner Bros . Discovery, Sports, Cannes Lions, Turner, TNT, TBS, Premier League, WWE