Bally Sports RSNs Are Reportedly Preparing For Bankruptcy

[Bruce]

Against all odds, Diamond Sports Group looks set to rise from the ashes

After a protracted bankruptcy period, the investment from Amazon looks set to salvage what was left of Diamond Sports Group.

awfulannouncing.com

from the link-

Patrick Crakes, a former Fox Sports executive, has long been on a hobby horse countering the message that pay-TV is dead. By now the numbers are familiar, from a peak of just over 100 million homes about a decade ago, the cable universe has dropped below 70 million homes and the decline is not abating.

Except what he is not reporting, of that under 70 Million that still has Paid Live TV, over 20 Million of them are with services that do not carry the RSNs (Dish, Sling, Hulu Live, YTTV)

Then three of the Providers that do carry them, are the ones that lose the most subscribers every quarter-Comcast, Charter and DirecTV.

Then, how many have packages that do not have the RSNs, like Entertainment with DirecTV.

So that drops RSN subscriber numbers to about 40-45 million, at the rate they are losing customers (per sub fees) at about 6-8 million this year, estimated to be 8 million next year, that means then there will not be enough subscribers to support the RSNs, so most of them have 1-2 years of life, team owned has 2-3 years left, even the team owned ones have bills with running a RSN.

 

[navychop]

It’s a sign of the Apocalypse

 

[glrush]

Diamond Sports Group dropping Bally's branding from regional sports networks

The Bally Sports RSNs are in their final months with that name, with the Diamond Sports Group looking to rebrand.

awfulannouncing.com

 

[Bruce]

Some news, Diamond signed a new deal with Charter to carry the channel, but not all good news.

“Under the new agreement, customers will continue to have access to live, local MLB, NBA and NHL games and pre- and post-game content on Diamond’s RSN channels through Charter’s Spectrum TV Select Plus package.

Plus is the higher Tier, it was originally on the less expensive tier, so if people still want it, they will have to pay more, but of those who do not care (majority), they will stay at the less expensive tier and Diamond will lose out of even more per sub fees.

Bally Sports Will Continue to Air NBA Games after Reaching a Deal With Spectrum | Cord Cutters News

Today, Bally Sports’ Parent company, Diamond Sports Group, announced it has reached a deal with Spectrum’s parent company, Charger Communications. This deal will keep Bally Sports on Spectrum TV packages and help it keep its NBA TV rights. Recently it was reported that if Bally Sports failed to...

cordcuttersnews.com