TKO, parent of UFC and WWE, posted $681.2 million in Q3 revenue, boosted by content licensing and event income. While UFC saw a revenue dip from fewer events, WWE’s media rights gains offset this, supporting TKO’s reaffirmed high-end 2024 revenue…
Fox Corp reported an 11% revenue increase to $3.56 billion in its fiscal Q1, driven by strong performance in sports coverage, notably from UEFA Euros and Copa América tournaments under its “Summer of Soccer” initiative. Net income more than doubled…
The X Games is launching a FAST channel with Frequency to stream its action sports content 24/7, including live events and historical highlights. This move aligns with MSP Sports Capital’s strategy to broaden digital access and reach new audiences through…
Front Office Sports discusses how sports media is grappling with attracting younger fans, even as TV ratings and media rights soar. ESPN chairman Jimmy Pitaro highlights the challenge, pointing out distractions like Netflix and TikTok. Amazon’s Thursday Night Football has…
YouTube reported a 12% year-over-year increase in Q3 ad revenue, reaching $8.92 billion, driven by increased TV screen viewing and a 20% rise in upfront ad commitments. The platform's growing dominance in living-room viewing has positioned it as a leader…
Endeavor is selling On Location, Professional Bull Riders, and IMG to TKO Group Holdings for $3.25 billion, consolidating its sports assets into one public entity as Endeavor moves toward going private. The deal boosts TKO’s portfolio in media rights and…
The DOJ is preparing to support an injunction blocking the launch of Venu Sports, the streaming JV by Disney, Fox, and Warner Bros. Discovery, over concerns that its "skinny bundle" plan is anti-competitive. The case, initiated by Fubo, has attracted…
The new Chicago Sports Network (CHSN), airing Bulls, White Sox, and Blackhawks games, is in a standoff with Comcast over carriage fees, leaving around a million Comcast households unable to watch unless they use antennas. CHSN offers free over-the-air broadcasts…
MLB Commissioner Rob Manfred is pushing to eliminate local blackouts and make games available nationally as RSNs collapse. With MLB reclaiming rights for teams like the Guardians, Brewers, and Twins, Manfred envisions a future where fans can stream any game…
RSN valuations have dropped 97% in six years, from $20 billion in 2018 to $600 million, according to CNBC’s Mike Ozanian. This sharp decline, fueled by cord-cutting and the decreasing value of live local sports on cable TV, explains why…
