ADWEEK’s Post

🏀 The upcoming sports streaming partnership among Disney's ESPN, Warner Bros. Discovery, and Fox Corporation officially has a name: Venu Sports. 💻 The streaming service, announced in February, is set to debut sometime this fall and comes as media companies face increased pressure from investors to scale their platforms and achieve profitability. 🤝 Venu Sports will bring together the three companies' respective slates of sports networks. Collectively, the new service encompasses about 55% of US sports rights, according to Citi Research. Who plans to subscribe to this service? I lay out the details on Yahoo Finance #streamingwars #bundle #jv #sports #business #finance #venusports

From DTVE: #Sports-themed #streaming brand, Fubo, has filed an antitrust lawsuit against The Walt Disney Company, Fox Corporation, Warner Bros. Discovery (WBD), following its plans to form a joint #US #sport streaming giant, alleging that the joint project will destroy competition and inflate prices for consumers. Fubo claimed the #Disney, #Fox and #WBD have engaged in a long-running pattern of stymying Fubo’s sports-first streaming service by engaging in anti-competitive practices. The #streamer described the trio as the “sports #cartel” which has “leveraged their iron grip on sports content to extract billions of dollars in supra-competitive profits”, creating an unfair competitive market. In the lawsuit, Fubo highlighted tactics by its rivals such as “unfair #bundling” and charging higher licensing rates which has created a financial burden for the streaming service. It comes following earlier comments made by Fubo which it shared its concern about the planned streamer. #PayTV operators who carry the three partners’ programming have also expressed concern privately, according to a report by CNBC.[...] According to recent reports, the planned US sport streamer is set to be investigated by the U.S. Department of Justice with concerns that it could negatively impact consumers, sports leagues and rivals. #mergersandacquisitions #mergersacquisitionsdivestitures #ownership

What if we could use the same idea, but on linear TV instead? Will this help to stem losses and prevent M&A's from happening? Revenue sharing can take place, resources can be pulled together to acquire rights? Can this idea be executed within Asia?

Sports and sports-related assets are entering a major transition period that could see traditional broadcasters lose ground to big tech companies. This recent article explores what this means for streaming as traditional media companies rethink the bundle approach.

Disney, Fox, and Warner Bros. Join Forces for Sports Streaming Service Major media companies have come together as one major streaming service for sports. This combination of channels hopes to entice sports fans and reality TV watchers. It is easier now than ever to access different channels and programs due to bundle subscriptions. Viewers are completely abandoning cable and navigating the complex streaming service structure. Could this collaboration lead to a return of the simplicity of cable, with all content available on one platform? This shift to a more one-stop shop of streaming services is an exciting solution to the streaming landscape. It is a step towards making entertainment more accessible for everyone. https://lnkd.in/g4QiBjsg

Disney's ESPN, Fox and Warner Bros Discovery have agreed to set up a new sports streaming joint venture. For years, the rising price of sports rights has been a major headache for media executives, who have watched viewers abandon traditional TV for streaming services even as their companies continue to pay up to broadcast games. The service will offer streaming subscribers all the channels owned by those companies that show sports, like ESPN, TNT and FS1, but also ABC and Fox. In addition to sports content, subscribers will be able to watch nonsports shows like “The Simpsons” and “The Bachelor” that are available on the channels. Subscribers will have access to 14 channels in total, as well as ESPN’s existing streaming service, ESPN+. The price, name and executive team behind the service have not yet been determined. It is scheduled to launch in the fall.  #livesports #streaming #app #ott #svod #espn #foxsports #disney #wbd

New sports activities streaming platform: What to know https://ift.tt/aKWE6fI Los Angeles Lakers ahead LeBron James, #23, throughout the NBA recreation between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Enviornment in Los Angeles on Jan. 7, 2024. Jevone Moore | Icon Sportswire | Getty Photos The U.S. media world was dashing — panicking? — Wednesday to strive to determine the ramifications of Disney, Warner Bros. Discovery and Fox‘s new three way partnership, an unprecedented transfer to work collectively within the years since media firms broke out their very own competing streaming platforms. The service will launch this fall and cater to sports activities followers who do not subscribe to the normal cable bundle. Customers may have entry to the entire networks owned by these firms that carry sports activities, together with Disney’s ESPN+. A few of the motivations for the businesses are clear, as they appear to sports activities to assist drive streaming income. Different causes for launching the product are murkier and extra firm particular. Many media executives are scrambling for solutions a few deal that would have main ripple results within the trade. What is the viewers? At first look, the enterprise is an enormous concern for the three largest pay TV operators, Constitution, Comcast and DirecTV. However simply how a lot they stand to lose is murky. One particular person related to the launch of the brand new enterprise instructed CNBC the platform might be “a monster” and massively disrupt cable TV. That is potential. Some share of people that ultimately join sports activities bundle will cancel conventional cable in favor of the brand new, cheaper different. The value for the brand new product hasn’t been decided, however sources instructed CNBC it will likely be increased than $30. One particular person mentioned $45 to $50 per thirty days appeared logical after discounted introductory presents expire. A product round $40 a month is less expensive than the $72.99 per thirty days for YouTube TV, which is now a rising cable different for sports activities followers. Nevertheless it’s additionally potential the platform merely would not have an enormous viewers. There is a cause tens of hundreds of thousands of People have canceled cable. Many merely don’t desire entry to sports activities and the related price. Fox Chief Govt Officer Lachlan Murdoch mentioned Wednesday the product is geared towards individuals who have by no means signed up for cable. Nevertheless it’s a leap of religion to imagine a whole lot of these folks need to spend $40 or so every month for reside sports activities. Spokespeople for Constitution, Comcast and DirecTV all declined to touch upon the brand new providing. Constitution and Comcast have not actually cared about video defections for years now. Broadband is a much more worthwhile product. Cable TV has been relegated to an add-on that helps preserve folks subs...

As sports rights increasingly shift to premium streaming video platforms, and as those platforms focus on advertising, some experts say the global appeal of sports could define the next phase of streaming. #livesports #streaming #connectedtv