Everyone seems to agree that RSNs, and particularly Sinclair, are in deep shit
"Sinclair does not have enough digital rights from enough clubs in order to have a viable direct-to-consumer product."
"Sinclair does not have enough digital rights from enough clubs in order to have a viable direct-to-consumer product."
You're watching Atlanta Braves baseball on... Bally's Sports South?
Distribution losses, including with Hulu+Live TV and YouTube TV, played a big role in this write-down.
Sinclair's purchase of the former Fox RSNs from Disney at a $10.6 billion valuation (with $9.6 billion exchanged) had some merit at the time, but those RSNs are facing some dire challenges now.
After a temporary extension Sunday, the Fox RSNs have now gone dark on Dish and Sling TV. And the sides don't seem close to a deal.
The agreement between the sides expired Sunday, but they've worked out a temporary deal. Will a longer one follow?
This may help alleviate some of the immediate worries about the RSNs' future carriage under Sinclair.
"If you're interested in gaming, we're going to add on extra stats, the ability to do prop bets in the game, pitch by pitch, play by play. You can play along and wager while you watch."
Many investors are happy with Sinclair's purchase of the RSNs, but distributors are concerned about the negotiations ahead.
Craig Moffett of MoffettNathanson expects the Fox RSNs to lose 50 to 75 percent of their distribution in the next couple of years. "It's really hard to see any good outcome for a RSN."
It looks like the 21 former Fox RSNs still out there are in fact heading to Sinclair, with an announcement expected Friday.
It looks like the 21 remaining former Fox RSNs have been sold to Sinclair, which only reportedly reemerged as a bidder earlier this month.
Liberty and MLB have reportedly combined their bids, and Sinclair's now bidding again. The BIG3 bid is also there.