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Ballys Sports on the Path to Bankruptcy


Das Texan
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52 minutes ago, canada-marlin24 said:

Honestly, I like the graphics and actual broadcast better than Fox Sports. it just feels more modern and updated than Fox did. But I understand there are issues. Chances are they are going to be able to figure it out. 

Bally's has been an absolute train wreck with their in-game stats and graphics with multiple errors in literally every game unlike what we saw with Fox Sports.  I don't understand why you like theirs better than Fox Sports.  I gave them the first season to get it right but it literally hasn't gotten any better since then. I mean how hard is it to simply have the correct players names, stats, counts, etc?  It's really been wild how consistently awful they've been with their in-game stuff.

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37 minutes ago, hovertical said:

It's really been wild how consistently awful they've been

In one of my college classes there was a kid who was late literally every day and one time he walked in and the teacher made a comment about him always being late and the kid said "at least I'm consistent!" I never forgot that lmao.

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5 hours ago, canada-marlin24 said:

Honestly, I like the graphics and actual broadcast better than Fox Sports. it just feels more modern and updated than Fox did. But I understand there are issues. Chances are they are going to be able to figure it out. 

 

4 hours ago, hovertical said:

Bally's has been an absolute train wreck with their in-game stats and graphics with multiple errors in literally every game unlike what we saw with Fox Sports.  I don't understand why you like theirs better than Fox Sports.  I gave them the first season to get it right but it literally hasn't gotten any better since then. I mean how hard is it to simply have the correct players names, stats, counts, etc?  It's really been wild how consistently awful they've been with their in-game stuff.

I think, visually, it was better, but the production was so bad it canceled that out.

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  • 2 weeks later...
  • 2 weeks later...

https://www.mlbtraderumors.com/2023/03/diamond-sports-planning-to-file-for-bankruptcy-mlb-planning-to-stream-games-for-free-temporarily.html

 

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Diamond Sports Group, the corporation that owns 14 Bally Sports regional sports networks, is expected to file for bankruptcy March 17, according to a report from Josh Kosman of The New York Post. The timeline will be awkward for Major League Baseball since the 2023 season opens on March 30, but the league plans to step in and broadcast the games themselves.

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Per Kosman’s report, there are at least four teams where Diamond plans to reject the contracts via the bankruptcy proceedings. The teams in question are the Reds, Diamondbacks, Guardians and Padres, with the San Diego deal currently $20MM in the red on an annual basis.

The report goes on to state that MLB’s plan is to take over the local TV broadcasts of those teams, as well as streaming them for free in those local markets as they negotiate lower deals with cable companies. 

Quote

Kosman reports that the league plans to retain current local announcers for any broadcasts that it takes over and it doesn’t seem as though there are any current concerns of games being missed. Assuming the league is successful in all of these plans, it’s possible that fans won’t notice much difference in their baseball consumption here this year, but the field may be wide open for changes down the line.

 

So basically we finally get a decent TV deal, and now it's going to potentially end up being lowered.

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MLB will NOT allow Diamond to change any deal structure.  Its a take it or leave it approach so it should be interesting to see what happens.

 

I think MLB is salivating at the the idea of regaining the rights so they can control (and profit) even more off revenues from tv.

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36 minutes ago, Das Texan said:

MLB will NOT allow Diamond to change any deal structure.  Its a take it or leave it approach so it should be interesting to see what happens.

 

I think MLB is salivating at the the idea of regaining the rights so they can control (and profit) even more off revenues from tv.

As long as we get the same amount of cash money dollars.

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38 minutes ago, Das Texan said:

MLB will NOT allow Diamond to change any deal structure.  Its a take it or leave it approach so it should be interesting to see what happens.

 

I think MLB is salivating at the the idea of regaining the rights so they can control (and profit) even more off revenues from tv.

 

Eh, I'd be very concerned for revenue projections of a pay-per-team streaming type setup.

 

Think about it - right now, games are put on a tv channel that is bought as part of some sort of sports package (or bundled in with other packages) that has many various games/sports/channels.  So even if Jane Doe doesn't watch the channel, she may be paying for it as part of the "super mega bundle package.

If you go streaming only, unless MLB bundles all the teams it gets rights to together in one big streaming package (i.e. a Netflix style "let me pick which team I want to watch today" approach) , I think we'd see vast drops in "TV" revenue.  Think about it - team doesn't look like they'll be competitive this year, eh, I'll skip the Marlins streaming package this year.  Let's say they charge $30/month for 6 months of games = $180.  If 1,000 people do the same thing, that wipes out $180,000 of revenue. like that.  Vs right now the team gets the overall revenue per the contract whether people watch or not - and on top of that, people don't tend to tinker with their TV packages month to month like they'd drop a streaming service.

 

To prevent some of that and/or safeguard against too many dropping it, they'd have to group it as one big MLB streaming package with access to all teams they control rights to, and spread it out evenly.

Edited by rmc523
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25 minutes ago, rmc523 said:

 

Eh, I'd be very concerned for revenue projections of a pay-per-team streaming type setup.

 

Think about it - right now, games are put on a tv channel that is bought as part of some sort of sports package (or bundled in with other packages) that has many various games/sports/channels.  So even if Jane Doe doesn't watch the channel, she may be paying for it as part of the "super mega bundle package.

If you go streaming only, unless MLB bundles all the teams it gets rights to together in one big streaming package (i.e. a Netflix style "let me pick which team I want to watch today" approach) , I think we'd see vast drops in "TV" revenue.  Think about it - team doesn't look like they'll be competitive this year, eh, I'll skip the Marlins streaming package this year.  Let's say they charge $30/month for 6 months of games = $180.  If 1,000 people do the same thing, that wipes out $180,000 of revenue. like that.  Vs right now the team gets the overall revenue per the contract whether people watch or not - and on top of that, people don't tend to tinker with their TV packages month to month like they'd drop a streaming service.

 

To prevent some of that and/or safeguard against too many dropping it, they'd have to group it as one big MLB streaming package with access to all teams they control rights to, and spread it out evenly.

Its not about the subscriptions in general, its about the ads that you can buy.  

Live sports is still one of the ways advertisers spend money because well, people dont DVR and fast forward through the games (or not nearly enough do that).

Sure they'd like to have subscribers, but to sell to advertisers that they have x number of people in a market subscribed and watching... 

Thats where the money will come from.  I"d expect something similar to what we have now, just vastly expanded.  They keep the network on cable and the other outlets, but they also allow for in market streaming of games.  Revenues rise from ad buys.  

I'd probably expect them to do something like MLB.tv PLUS in market streaming for x dollars added. 

Youll have to get the base package but then you can add your in market probably for 50-100 per year if I had to take any guesses.  

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1 hour ago, Das Texan said:

Its not about the subscriptions in general, its about the ads that you can buy.  

Live sports is still one of the ways advertisers spend money because well, people dont DVR and fast forward through the games (or not nearly enough do that).

Sure they'd like to have subscribers, but to sell to advertisers that they have x number of people in a market subscribed and watching... 

Thats where the money will come from.  I"d expect something similar to what we have now, just vastly expanded.  They keep the network on cable and the other outlets, but they also allow for in market streaming of games.  Revenues rise from ad buys.  

I'd probably expect them to do something like MLB.tv PLUS in market streaming for x dollars added. 

Youll have to get the base package but then you can add your in market probably for 50-100 per year if I had to take any guesses.  

 

That's true, and I forgot about the advertising component of it, as those wouldn't go away.

 

Blackouts should go away, though.

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8 hours ago, rmc523 said:

 

That's true, and I forgot about the advertising component of it, as those wouldn't go away.

 

Blackouts should go away, though.

They have basically admitted its a giant issue and something that WILL essentially go away if they are able to re-acquire their local rights.

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