Bally Sports and MSG RSN Are Reportedly Preparing For Bankruptcy

[Bruce]

What a deal they are offering! 50-50 profit share of no profit at all.

Definitely no profit, since they are currently losing $200 Million a year, along with the fact they will lose, at least, another 3-4 Million per sub fees in 2026, the same in 2027, due to cord cutting, I expect the losses to continue and increase.

 

[Bruce]

The end of MASN?

The Washington Nationals are leaving MASN. MLB will produce their TV broadcasts

This could have ramifications for other teams.

www.bleedcubbieblue.com

 

[Nate.O’Brien]

Well this could be the end for Main Street Sports pretty soon. We only have two days until February

FanDuel RSNs on the verge of collapse with Main Street Sports liquidation looming

The FanDuel RSNs may go extinct soon as Main Street Sports Group approaches a decision to liquidate the company.

awfulannouncing.com

 

[comfortably_numb]

Well this could be the end for Main Street Sports pretty soon. We only have two days February

 

[MrMars]

MLB and Main Street Media / Fanduel are officially done.


View: https://x.com/tomfriendwriter/status/2018389638663303566?s=46

All nine MLB teams officially leaving Main Street; NBA and NHL in holding pattern

All nine MLB teams whose games are broadcast on FanDuel Sports Network are officially departing the parent company Main Street Sports Group, with eight of the nine expected to migrate to MLB Media.

www.sportsbusinessjournal.com

The NBA/NHL situation is expected to be resolved within two weeks. Guessing if they will be moving this season they don't want to do it before the NBA All Star Weekend so they have some time to announce things. NHL will be in the Olympic break at the same time too.

 

[comfortably_numb]

$100 for the whole season or $19.99 / month

Cardinals games will be produced, distributed by MLB in 2026

ST. LOUIS -- The St. Louis Cardinals announced on Monday that Major League Baseball will produce and distribute all in-market St. Louis Cardinals games for the 2026 season. Fans will be able to watch games on traditional cable and satellite providers as well as through Cardinals.TV, the MLB...

www.mlb.com

 

[Bruce]

I am still amazed this has happened so fast after coming out of Chapter 11.

But it is easily understandable why, there are only 3 major providers carrying RSNs, DirecTV, Charter/Spectrum and Comcast.

So, out of those and a few other smaller providers, RSNs are only receiving about 25-30 Million (subscribers) per sub fees, thanks to those providers having skinny bundles ( no RSNs) and all the other providers (YTTV is the biggest) not carrying the RSNs.

In 2017, about 100 Million subscribers were paying that fee.

So I expect more will go belly up quite soon, including the big markets (NY/LA), those areas are affected by the same cord cutting phenomenon as the rest of the United States, along with having higher costs due to those teams commanding higher rights fees, but not enough subscribers paying for the product.

 

[comfortably_numb]

All of this is music to my ears. This is a much needed "right-sizing" of a bloated industry- MLB. Maybe this will be the catalyst for salary caps which will even the playing field (no pun intended) for MLB teams. Sick of the same large TV market teams getting the best players and advantages over smaller teams. It needs to end. Looks like it finally is.