Connect with us
BSM Summit
blank

Sports TV News

Sports Media Rights To Eclipse $60 Billion By 2024

“The NFL, understandably, holds the largest market share at 15% of media rights and is considered one of the most expensive.”

Jordan Bondurant

Published

on

blank

Media rights for sports on television are not only incredibly lucrative, they’re insanely expensive. And the price tag for the world’s biggest sporting events and leagues is only going up.

According to Front Office Sports, the collective total for sports media rights will increase from $55 billion in 2022 to over $60 billion by 2024.

The NFL, understandably, holds the largest market share at 15% of media rights and is considered one of the most expensive. The league has deals in place through 2033 worth $113 billion.

The Super Bowl, routinely the most-watched TV program in America each year, will be carried on cable for the first time ever in 2026 and again on ESPN in 2030. The game will also air on ABC.

NFL regular season games and playoff games also tend to occupy the other spots on the most-watched list every year.

College football media rights deals including the multi-billion dollar agreement reached between the Big Ten Conference and CBS, NBC and FOX this summer, as well as a new NBA media rights deal coming in the next couple years, will also help drive the value of live sports on TV up in the coming years.

Sports TV News

3.72 Million Tune In To See LeBron James Break Scoring Record

Jordan Bondurant

Published

on

blank
Getty Images

Lakers star LeBron James surpassed the NBA’s all-time scoring record on Tuesday night, and TNT benefitted from the milestone ratings wise.

According to Sports Media Watch, Tuesday night’s game averaged 2.98 million viewers. That figure made it TNT’s biggest regular season audience in over two years.

The broadcast peaked at 3.72 million around 11:45 p.m. when James passed Kareem Abdul-Jabbar for the record.

Reporting also indicated that the game was the number one single-network program on TV in key demographics.

Continue Reading

Sports TV News

Disney Makes ESPN Independent Division In Corporate Restructuring

Jordan Bondurant

Published

on

ESPN

Disney is in the process of reorganizing and restructuring the company, and details have emerged about the company’s plans for ESPN.

Deadline reported on Wednesday that ESPN will be one of three standalone segments comprising Disney. Entertainment and Parks, Experiences & Products are the other two segments.

The reorganization comes amid the exit of former CEO Bob Chapek and the re-entry of CEO Bob Iger. As one of Iger’s first moves back running Disney, he announced a restructuring of Disney Media & Entertainment Distribution.

It was also reported that Jimmy Pitaro will continue as the president of ESPN.

In total, more than 7,000 jobs will be eliminated after the restructuring.

Continue Reading

Sports TV News

Roger Goodell: ‘Wouldn’t Surprise Me’ To See Thursday Night Football Move to Flex Scheduling

“Not today, but it’ll certainly be something that’s on our horizon.”

blank

Published

on

Thursday Night Football

In 2023, Monday Night Football will join Sunday Night Football in having the ability to flex NFL games into its window. NFL Commissioner Roger Goodell said Thursday Night Football could someday join that elite club.

During his “State of the League” speech Wednesday, Goodell said Thursday Night Football having the ability to flex matchups “wouldn’t at all surprise me”.

“Not today, but it’ll certainly be something that’s on our horizon,” the NFL Commissioner said.

ESPN bargained for the ability to move higher profile games into Monday Night Football during its negotiations with the league for the next television contract that begins this upcoming season.

NBC has long held the ability to shift a select number of games from earlier windows into the Sunday Night Football primetime slot.

Amazon Prime Video just completed the first of an 11-year contract that sees the streaming platform spend nearly $1 billion per year on the Thursday Night Football package.

One of the largest storylines of Amazon’s debut season with the NFL was the near-constant ridicule from play-by-play announcer Al Michaels over the lackluster TNF schedule. Michaels made headlines over several weeks for his candor on the lack of interesting matchups, going as far as to joke that if the schedule didn’t improve he would retire.

Continue Reading
Advertisement

blank

Barrett Media Writers

Copyright © 2023 Barrett Media.