Bally Sports RSNs Are Reportedly Preparing For Bankruptcy

[glrush]

Diamond Sports completes improbable climb out of bankruptcy

After 20 months navigating through Chapter 11 bankruptcy, Diamond Sports Group has successfully emerged intact with their RSN business.

awfulannouncing.com

 

[Bruce]

Diamond Sports completes improbable climb out of bankruptcy

After 20 months navigating through Chapter 11 bankruptcy, Diamond Sports Group has successfully emerged intact with their RSN business.

awfulannouncing.com

From that article-

According to financial projections filed during today’s hearing, Diamond expects streaming revenue to rise from $63 million this year to $580 million in 2027.

No way that will happen, just not enough interest.

 

[prushing]

Diamond Sports completes improbable climb out of bankruptcy

After 20 months navigating through Chapter 11 bankruptcy, Diamond Sports Group has successfully emerged intact with their RSN business.

awfulannouncing.com

That's a lot of expense contracts when they expect to still be losing revenue in 2027 versus today, losing ~$800 million in linear and only gaining ~$500 million in streaming.

Round it to $600 million, so $50/mth.

~$10 from X million streaming​

$# from X DTC streaming​

​

$10 x 3 million streaming (Fubo, DTV, anyone else)​

$40 x .5 million DTC​

​

I could see them getting streaming part but I don't see how they pick up much from DTC. The DTC offerings have to be in market only as MLB.tv has the rights for out of market.

 

[Bruce]

That's a lot of expense contracts when they expect to still be losing revenue in 2027 versus today, losing ~$800 million in linear and only gaining ~$500 million in streaming.

Round it to $600 million, so $50/mth.

~$10 from X million streaming​

$# from X DTC streaming​

​

$10 x 3 million streaming (Fubo, DTV, anyone else)​

$40 x .5 million DTC​

​

I could see them getting streaming part but I don't see how they pick up much from DTC. The DTC offerings have to be in market only as MLB.tv has the rights for out of market.

I knew they would do that, claim that they hoped to make so much from streaming, but it would be unrealistic.

First, there is very little chance they would get many cord cutters to sign up, if cord cutters cared about the RSNs, they would of never become Cord Cutters.

Second, if we read the ratings, it shows very little interest in the RSNs.

I will use the Atlanta 77,000 Households rating as provided by Nielsen and Forbes.

If all of them lose access via paid live tv, signed up with a Diamond Streaming Service ( or Amazon/whatever), that is 77,000 x $20 a month.

That is only $1.54M a month, $18.48M a year, not even 20% of the Braves contract.

So, if they lost all of their per sub fees, would need a little less then 500,000 streaming subscribers, just to cover the Braves rights fees.

No way will that happen.