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Bally’s Sports+
- Thread starter Covert Rain
- Start date
Bally Sports owner misses $140 million payment, could file for bankruptcy
Diamond Sports Group, the largest owner of regional sports networks, missed a $140 million interest payment on Wednesday.
arizonasports.com
OP
OP
When Bally's launched many said it was make or break for them by going with an independent subscription service. Many investors were urging them to work out their differences with streaming services.
OP
OP
Ballys missed its debt payment. Next up if they fail to pay the leagues the rights will revert back to the respective leagues. Basically they have 30 days which means they are definitely headed for Bankruptcy.
They are saying it’s likely Amazon or Hulu would bid for rights for local games.
Either works for me for Sins games.
They are saying it’s likely Amazon or Hulu would bid for rights for local games.
Either works for me for Sins games.
Yup that would save me $20 a month
If we can add in the end to archaic regional blackout rules this would be the best possible outcome.
OP
OP
Well, the rights revert back to the leagues, but their blackout rules would still apply. So, those games still won't end up on MLB or NBA TVs channels for their respective local markets. So, the local rights to those would have to still be sold to say an Amazon or Hulu for example. Having said that? I agree. These blackout rules need to go.
Here is what the MLB Commissioner said last week regarding blackouts:
MLB commissioner Rob Manfred talks blackouts, the Athletics moving to Las Vegas, small-market Padres and more
Manfred hit a series of hot topics on the first day of spring training
www.cbssports.com
I'm fairly confident the NBA will have a similar opinion. Blackouts just don't make sense in the modern broadcasting market and I don't think they'll survive in future negotiations. When you consider how easy it is to get any game for free from numerous streaming sites it really makes no sense to restrict the paid service.
It really has been fascinating to watch this all happen in real time. We're witnessing the end of cable/sat supremacy, the dilution of formerly unshakeable entertainment options, the reality wall meets the 'grow forever' mentality of the pro leagues, etc., all bundled into one package that few are paying close attention to.
The next few years will be rocky for the affected leagues and I'll be curious to see who ends up on top and whether or not the end product suffers. The top players are used to contracts going one direction, but that model just isn't sustainable anymore.
Reminds me a little of what happened to the music industry early in the Internet age. In a way, pirated streams are the new Napster. The difference is you need an actual live broadcast to be produced in order to pirate, and those are expensive.
The next few years will be rocky for the affected leagues and I'll be curious to see who ends up on top and whether or not the end product suffers. The top players are used to contracts going one direction, but that model just isn't sustainable anymore.
Reminds me a little of what happened to the music industry early in the Internet age. In a way, pirated streams are the new Napster. The difference is you need an actual live broadcast to be produced in order to pirate, and those are expensive.
OP
OP
There was a bill that was talked about being drafted by a member of Congress at one point to address blackouts but I don't think it went anywhere.Here is what the MLB Commissioner said last week regarding blackouts:
MLB commissioner Rob Manfred talks blackouts, the Athletics moving to Las Vegas, small-market Padres and more
Manfred hit a series of hot topics on the first day of spring training
I'm fairly confident the NBA will have a similar opinion. Blackouts just don't make sense in the modern broadcasting market and I don't think they'll survive in future negotiations. When you consider how easy it is to get any game for free from numerous streaming sites it really makes no sense to restrict the paid service.
SeattleCardinal
Hall of Famer
More problems for RSNs
www.sportsbusinessjournal.com
Warner Bros. Discovery tells teams it is leaving RSN business
www.sportsbusinessjournal.com
TigToad
Hall of Famer
Bally’s can’t die fast enough.
Yeah it's been lousy
A nice video discussing the current state of affairs with the RSN's and Bally's by name.
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This is a couple weeks old, but I found the list of the largest creditors interesting. Feel free to cross-post in the D-backs section if there's a thread going in there. (I haven't looked)
thedesk.net
BREAKING: Sinclair's Diamond Sports files for Chapter 11 bankruptcy protection
Diamond Sports, which operates Bally Sports, filed for Chapter 11 bankruptcy protection late Tuesday evening, the company said.
thedesk.net
Great - Dbacks getting screwed, againThis is a couple weeks old, but I found the list of the largest creditors interesting. Feel free to cross-post in the D-backs section if there's a thread going in there. (I haven't looked)
BREAKING: Sinclair's Diamond Sports files for Chapter 11 bankruptcy protection
Diamond Sports, which operates Bally Sports, filed for Chapter 11 bankruptcy protection late Tuesday evening, the company said.
I hope it pans out in the end, but it doesn't look awesome right now. At least they're not getting the haircut US Bank likely will. We'll see. These kinds of things tend to move at a glacial pace.
OP
OP
I think I read in one of the articles, should they fold, the rights revert back to MLB who can then license out the rights to whomever they like including streaming services.
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So just screw the Dbacks?
More details here:
D-backs listed on MLB's emergency motion in Diamond Sports bankruptcy
The Arizona Diamondbacks were listed on an emergency motion filed by the MLB on Thursday amid Diamond Sports Group's bankruptcy.
arizonasports.com
Better!
For those unaware, you can get a 7 day free trial of Bally Sports through their app. So if you're in the Phoenix Metro area, or an area where Bally Sports Arizona is available, take advantage of that and watch the games for free.
Cancel before the 7 days is up and use a new email to repeat. Bally's doesn't pay the sports teams they broadcast so why should anyone pay them.
I don't know how the schedule will play out but if another game falls on NBA TV then that could be a way for some to access it if they don't get that channel some other way.
Cancel before the 7 days is up and use a new email to repeat. Bally's doesn't pay the sports teams they broadcast so why should anyone pay them.
I don't know how the schedule will play out but if another game falls on NBA TV then that could be a way for some to access it if they don't get that channel some other way.
