DIRS.INFO The most relevant business & tech news

☆ Bally Sports regional networks go dark for Comcast cable customers
▼ + stars: | 2024-05-01 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Negotiations between Comcast and Bally Sports' operator Diamond Sports Group, which has been under bankruptcy protection since last year, broke down following a dispute over terms. Pay-TV distributors have been losing customers at a fast clip in recent years as customers opt for cheaper streaming options. Comcast had more than 13.6 million pay-TV customers as of March 31, after losing 487,000 subscribers during the first quarter. Some regional sports networks have begun offering streaming options to customers at a price point that doesn't upend the pay-TV model. In addition to Comcast, Diamond has held negotiations in recent weeks with Charter Communications — which provides pay-TV services under the Spectrum brand — DirecTV and Cox Communications.

Persons: Diamond, Cox Organizations: Bally, Houston Astros, Minnesota Twins, Target, The Astros, Twins, Comcast, Bally Sports, Diamond Sports Group, MLB, Detroit Tigers, NBA, NHL, Diamond, Comcast ., Communications, DirecTV, Cox Communications, Charter, Google, Disney, San Diego Padres, Phoenix Suns, CNBC Locations: Minneapolis , Minnesota, NBCUniversal

☆ Big M&A and Bob Iger's future: 13 media executives make their anonymous 2024 predictions
▼ + stars: | 2023-12-20 | by ( Alex Sherman | ) www.cnbc.com time to read: +14 min

Executive 2: Bob Iger will, again, extend his contract as Disney CEO Earlier this year, Disney CEO Bob Iger renewed his contract through 2026. This executive predicted "fool me five times, shame on me." This executive predicted Peltz and Rasulo will win their campaign and both join the board. This person predicted Disney would purchase privately held Candle Media to acquire Moonbug Entertainment, the owner of CoComelon. This executive predicted Yaccarino would either lose patience or find her job increasingly pointless and leave the company in 2024.

Persons: Andrew Ross Sorkin, Walt Disney Company Bob Iger, Michael M, David Zaslav, Slaven Vlasic, NBCUniversal, Brian Roberts, Roberts, Donna Langley, Bob Iger, Iger, Nelson Peltz, Jay Rasulo, Marco Bello, Peltz, Rasulo, Disney's, Dana Walden, Dana Walden Jason Laveris, Disney Entertainment Dana Walden, Walden, Bob Chapek, Andrew Wilson, Wilson, Chris Licht wouldn't, McCarthy, Andrew Wilson Michael Newberg, Kevin Mayer, Mayer, Bryan van der Beek, Tom Staggs, Staggs, Jayson Tatum, Kyle Terada, NBCUniversal's Peacock, Alec Martinez, Gray, Discovery's Max, Jeff Zucker, Lady Michelle Obama's, Michelle Obamas, Cheriss, Gerry Cardinale, Jeff Shell, RedBird, Shari Redstone's, David Ellison, Byron Trott, Zucker, Mark Thompson, Linda Yaccarino, X Linda Yaccarino, Vox, Jerod Harris, Yaccarino, CNBC's Julia Boorstin, Boorstin, Elon Musk's, Jason LaVeris, Barbie, Mario, Oppenheimer, LightShed's Greenfield Organizations: Walt Disney Company, New York Times, Santiago, Getty, Jazz, Lincoln Center, Warner Bros ., Comcast, Warner Bros, Discovery, Disney, Trian Fund Management, Future Investment Initiative, Summit, Bloomberg, Filmmagic, Disney Entertainment, Electronic Arts, CNBC, Candle Media, Iger, Media, Moonbug Entertainment, Apple Boston Celtics, Golden State Warriors, USA, National Basketball Association, NBA, Apple, The College, ESPN, College, NHL, MLB, Vegas Golden Knights, Florida Panthers, Mobile, National Hockey League, Diamond Sports Group, Scripps, Gray Television, Las Vegas Golden Knights, Arizona Coyotes, Phoenix Suns, Street Journal, Netflix, Hulu, Max, Paramount, RedBird, Paramount Global, CNN Worldwide, CNN, NurPhoto, BDT, The Ritz, Carlton, FilmMagic, Mario Bros Locations: New York City, Disney, Miami , Florida, Las Vegas , Nevada, Laguna Niguel, Dana Point , California

In this article SBGINXSTGTNSSP Follow your favorite stocks CREATE FREE ACCOUNTChristian Petersen | Getty Images Sport | Getty ImagesTensions are building among broadcast station owners and pay TV providers as the local rights to air NBA, NHL and MLB games go up for grabs. Pay-TV providers are also exploring alternatives to keep local games in the bundle. The NBA's Phoenix Suns and Utah Jazz recently reached deals to be be aired on local broadcast networks run by Gray and Sinclair, respectively. "The reality is that the issue people keep talking about is the rights fees. But the rights fees aren't necessarily the question," said Berke.

Persons: Christian Petersen, Sinclair, Diamond, Bill Morrow, RSNs, George Kubas, Lee Berke, There's, Gray, Brian Lawlor, Lawlor, Jeff Speer, —, Ion, Berke, David Peralta, Kole Calhoun, Starling Marte Organizations: Getty, NBA, NHL, MLB, Scripps Co, Gray Television, Nexstar Media Group, Diamond Sports Group, Warner Bros, Broadcasters, Comcast, Charter, DirecTV, Gray, Nexstar, Communications, Ohio, Bally Sports, Cincinnati Reds, Cleveland Guardians, Progressive, Diamond Sports, Diamond, Phoenix Suns, Utah Jazz, Clipper, Las Vegas Golden Knights, NHL Stanley, Scripps, Scripps Sports, Knights, Warnes Bros, Vegas Golden Knights, Florida Panthers, Mobile, — ABC, NBC, CBS, Fox, CW Network, Nexstar's CW Network, ACC, Nascar, Suns, Arizona Diamondbacks, Oakland Athletics, Chase Field, The Diamondbacks Locations: Cleveland, Los Angeles, Las Vegas, Las Vegas , Nevada, Phoenix , Arizona

☆ Charter will offer a cheaper cable TV option without sports to reflect changing landscape
▼ + stars: | 2023-07-10 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

A change-up is coming to Charter Communications ' cable TV packages -- particularly for sports networks. The cable and broadband company said Monday that it plans to start offering a new, two-tier cable package system that will allow customers to select a cheaper, sports-free TV option. Diamond Sports Group, the owner of the largest regional sports networks portfolio, filed for bankruptcy protection earlier this year. But they're often considered expensive for consumers and could turn off potential streaming customers. Beginning in the third quarter, the company said its Spectrum-branded cable TV business will be relaunched as two new services.

Persons: That's, they're, Tom Montemagno, Dan Finnerty Organizations: Communications, Charter Communications, Diamond Sports Group, Disney, ESPN, DirecTV, — Spectrum SportsNet, SportsNet, Lakers, Time Warner Cable, Monday, Dodgers, Spectrum Networks Locations: U.S

☆ 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.

☆ The largest broadcaster of local sports in US filed for bankruptcy, but still hopes broadcasts won't be disrupted
▼ + stars: | 2023-03-15 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Diamond Sports Group has filed for Chapter 11 bankruptcy protection and will restructure. Diamond operates the largest group of regional sports networks in the country, covering dozens of NBA, MLB, and NHL teams. The company said in a statement that it expects to broadcast games as planned during the restructuring. MLB created a "local media group," hiring several executives with decades of experience in regional sports broadcasting. Discovery announced that it planned to exit the regional sports business, and sever ties with its struggling AT&T Sportsnet channels, which broadcast games for several MLB, NBA, and NHL teams.

☆ Warner Bros. Discovery plans to stop broadcasting regional sports as financial troubles grow across industry, reports say
▼ + stars: | 2023-02-25 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

AT&T Sportsnet channels owned by Warner Bros. The channels in question are still branded as AT&T Sportsnet after WarnerMedia's assets, previously owned by AT&T, were acquired by Warner Bros. Warner Bros. The Sports Business Journal also reported that the network told teams it will allow them to continue using Warner Bros. Warner Bros.

☆ Why the future of Sinclair's Bally Sports Regional Networks matters to every pro league and stakeholder in the TV sports business
▼ + stars: | 2023-02-15 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +7 min

Sinclair bought its regional sports networks, now branded as Bally, from Fox after it sold assets to Disney. Four years later, the 19 networks now carrying the Bally Sports brand name are likely headed for a Chapter 11 reorganization. "We see downside risk increasing as Pay TV subscribers shift away from the linear bundle. Questions are swirling over how Diamond Sports will continue to pay rights fees to the sports leagues during a reorganization process. Symson said local rights are up in some markets and Scripps is ready to engage.

Search resuls for: "RSNs"

8 mentions found