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Virtual CMO and Go-to-Market Builder for Video Tech Companies

RSNs have traditionally owned the rights to broadcast local National Basketball Association (NBA), National Hockey League (NHL), and Major League Baseball (MLB) games, but their business model has been under pressure due to cord-cutting. The bankruptcy of Diamond Sports is a sign that the RSN business model is unsustainable. Broadcasters and sports leagues are seeking new ways to distribute local sports content. One possibility is to partner with broadcast stations to carry local sports games. This would allow broadcasters to boost the fees they receive from pay TV operators for the right to carry their stations. It would also give them more leverage in carriage negotiations, potentially accelerating cord-cutting. Another possibility is for sports leagues to launch direct-to-consumer (D2C) streaming services. This would allow them more optionality and flexibility to grow revenue from subscriptions. However, it also requires a significant investment in infrastructure and marketing. It is still too early to say the long-term impact of RSN bankruptcies on the sports/media business. However, the traditional model of distributing local sports content is no longer sustainable. Broadcasters and sports leagues are looking for new ways to reach fans, creating new revenue opportunities. Here are a few examples of new revenue opportunities that are being created: 1. Broadcast stations can charge more for the right to carry local sports games. This is because local sports content is immediately valuable to viewers at the time of the event, even if they are cord-cutters. e.g. a game's value after being played is largely zero, but the event's 2-3 hour window is maximally monetizable. 2. Broadcasters can partner with streaming services to distribute local sports content. This would allow them to reach a wider audience and generate more revenue. 3. Sports leagues can launch direct-to-consumer streaming services, allowing them to cut out the middleman and keep more revenue from subscriptions while building a direct relationship with their fans. It will be interesting to see how these new revenue opportunities develop in the coming years. It is possible that they will lead to a more fragmented media landscape, with multiple players competing for the rights to broadcast local sports content. However, it is also possible that they will lead to a more consolidated market, with a few major players dominating the industry. Erik Ramberg, Jim Clements, Troy Miller what are you guys seeing? #sportsmedia #streamingmedia #sportsbusiness #sportsmarketing #streamingservices #livevideostreaming #liveevents https://lnkd.in/gsD3JeF4

TV giants clash over NBA, NHL, MLB games as local rights go up for grabs

TV giants clash over NBA, NHL, MLB games as local rights go up for grabs

cnbc.com

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