Looming U.S. TV network bankruptcy reflects the sorry state of the sports broadcasting business and more people moving away from cable.
montrealgazette.com
Bally Sports, which is part of the Sinclair Broadcasting Group, provides regional TV coverage for 12 NHL teams and a larger number of NBA and MLB teams.
It owes teams billions of dollars in rights fees. There’s no breakdown of how much money is owed to the NHL teams, but if the cash isn’t forthcoming,
it will have a negative effect on hockey-related revenues and that means the salary cap might go down rather than up and the players could be looking at continued escrow payments.
NHL teams directly affected by the impending bankruptcy are Los Angeles, Anaheim, Arizona, Dallas, St. Louis, Nashville, Minnesota, Detroit, Carolina, Columbus, Tampa Bay and Florida.
There is a growing trend for tech companies, which connect to younger fans, to get involved in sports. Amazon Prime has picked up the rights to NFL’s Thursday Night Football. Facebook and Apple TV+ have acquired exclusive rights to some MLB games and Apple TV+ will offer a full MLS package this season, although there will be games involving Canadian teams, including CF Montréal, carried by TSN and RDS.