DirecTV Makes Diamond Sports Renewal Official

[dishrich]

Secures Packaging Flexibility Similar to What It Carved Out with Charter's SportsNet RSNs​

DirecTV is offering its base 'Entertainment' bundle sans regional sports networks

DirecTV Makes Diamond Sports Renewal Official, Secures Packaging Flexibility Similar to What It Carved Out with Charter's SportsNet RSNs

DirecTV is offering its base 'Entertainment' bundle sans regional sports networks

www.nexttv.com

DirecTV on Wednesday said it has finalized a new multiyear carriage agreement with Diamond Sports Group.

The pay TV operator didn't disclose specifics on its deal, but an individual close to the arrangement said DirecTV carved out channel packaging flexibility similar to what was achieved last July when the satellite TV company renewed a contract to carry Charter Communications Lakers- and Dodgers regional sports networks (RSNs), SportsNet and SportsNet LA, respectively.

Notably, DirecTV is not currently carrying RSNs, including the Diamond's Bally Sports-branded channels, in its $70-a-month base "Entertainment" tier.

 

[Scott Greczkowski]

Good news, thanks!

 

[dtv757]

love my DirecTV and Braves on Ballys !!

only wish we had WNBA LP on sat !

 

[dtv757]

also in similar news Xfinity dropped Ballys

 

[Bruce]

also in similar news Xfinity dropped Ballys

Diamond cannot exist without Comcast’s per sub fees.

 

[harshness]

Diamond cannot exist without Comcast’s per sub fees.

All plans and projections are based on fairly huge assumptions. The problem comes when the assumptions aren't disclosed or don't come to pass (like how the DSG reorganization appears to be headed).

One thing that hasn't changed is that until a product, joint venture, subscriber addition or profit report is delivered, it may never see the light of day. I think the market has become far too trusting/dependent on announcements and pundit projections that get heavier with safe harbor caveats with every passing interval.

 

[Bruce]

All plans and projections are based on fairly huge assumptions. The problem comes when the assumptions aren't disclosed or don't come to pass (like how the DSG reorganization appears to be headed).

One thing that hasn't changed is that until a product, joint venture, subscriber addition or profit report is delivered, it may never see the light of day. I think the market has become far too trusting/dependent on announcements and pundit projections that get heavier with safe harbor caveats with every passing interval.

Diamond said so themselves in their reorganization plan to the court, if they lost one of three providers (DirecTV, Charter, Comcast), they cannot be profitable, since each one provides millions of per sub fees to RSNs, you can see why there will be a issue.

During that time, Diamond said to the court they hoped to be on YTTV in the near future, the reason why they said that, wanted to look better to the court with the possibility of more per sub fees.

Now, Diamond did not lie with that statement to the court, Diamond would love that, but what they did not say was there were no negotiations regarding that, YTTV/Google actually said they had no interest in carrying the channels.

And why would YTTV carry them, they have gained about 5 Million subscribers since getting rid of the Bally Channels, then the majority of the RSNs afterwards.

 

[harshness]

Planning, hoping, wanting and needing are no assurance of getting anything done.

 

[savarese04]

All plans and projections are based on fairly huge assumptions. The problem comes when the assumptions aren't disclosed or don't come to pass (like how the DSG reorganization appears to be headed).

One thing that hasn't changed is that until a product, joint venture, subscriber addition or profit report is delivered, it may never see the light of day. I think the market has become far too trusting/dependent on announcements and pundit projections that get heavier with safe harbor caveats with every passing interval.

what on earth is this AI-generated word salad?

The facts are that if you are ALREADY in bankruptcy proceedings and you can't cut deals with your core creditors/vendors, it's not ending well for you because that's a literal condition of a successful reorganization and/or exit

 

[DirecTVFanSince2016]

what on earth is this AI-generated word salad?

It’s not AI-generated, he’s typing it himself.

 

[Bruce]

Diamond cannot exist without Comcast’s per sub fees.

This shows I was correct-

According to Sportico, the three MVPDs account for 81% of total affiliate revenue and collectively, reach 38 million household subscribers. In addition, the three MVPDs account for about 69% of total traditional pay-TV households.

So, without Comcast, they lose about a third of per sub fees they receive from the top three providers.

Diamond Sports Negotiating Distribution Agreements As They Reorganize

Diamond Sports, has been busy with retransmission renewal negotiations and a plan to successfully emerge from bankruptcy including a streaming strategy. with Amazon.

www.forbes.com

 

[harshness]

The facts are that if you are ALREADY in bankruptcy proceedings and you can't cut deals with your core creditors/vendors, it's not ending well for you because that's a literal condition of a successful reorganization and/or exit

Reorganization is all about cutting new deals.

 

[dtv757]

i think amazon bought Diamond/Bally's or something ?

 

[Bruce]

i think amazon bought Diamond/Bally's or something ?

No, also starting to believe a few do not know how to use Google, especially before putting up absolute ******** on the internet.

Diamond Sports’ recently proposed restructuring agreement features an unlikely pathway for Amazon to acquire near-parity ownership of the YES Network. The deal still requires approval by MLB and the NBA, the courts and YES

Under the proposed deal, Amazon will contribute $115 million for a two-year convertible note in Diamond. That means Amazon will be paid interest on its money, about $7.2 million a year, plus get all its capital back in 24 months at the latest. If Amazon prefers, it can convert its note into 15% equity of Diamond—and if it converts, it gets a bonus option we’ll get to below. Amazon’s investment also comes with an opportunity to buy another 10% equity in Diamond for an additional $50 million.

Amazon Eyes Diamond Sports Bailout Options

One way of another, it appears Amazon.com will boost its ownership of the Yankees' YES Network in a proposed $115 million bailout of Diamond Sports.

www.sportico.com