Here is the Dish release: DISH and Sinclair Reach New Multi-Year Carriage Agreement
No mention of the RSN's
No mention of the RSN's
Sinclair warns of 112 channels being dropped by DISH next Monday (8/16)
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DISH and Sinclair Reach New Multi-Year Carriage Agreement
November 15, 2021- Agreement maintains carriage of local Sinclair channels on DISH TV, and Tennis Channel on DISH TV and SLING TV
- Multi-year agreement ensures DISH customers long-term access to channels
ENGLEWOOD, Colo. and HUNT VALLEY, Md., Nov. 15, 2021 /PRNewswire/ -- DISH Network Corporation and Sinclair Broadcast Group today announced they have reached a new, multi-year carriage agreement, ensuring Sinclair's owned 144 local stations, across 86 markets nationwide, will remain on DISH TV, and the Tennis Channel will remain available on DISH TV and SLING TV.
"We are pleased to have reached a multi-year agreement with Sinclair after months of negotiations," said Brian Neylon, group president, DISH TV. "Sinclair has been a good long-term partner to work with. Both sides have been committed to keeping our customers top of mind and not putting them in the middle of our negotiations. After several contract extensions, we have arrived at a fair agreement that benefits all parties, especially our customers."
William Bell, Sinclair's Head of Distribution & Network Relations commented, "Our agreement with DISH reflects the continued importance that distributors place on local and national broadcast content. We look forward to continuing to provide DISH viewers with the high-quality and highly-desired entertainment, and timely local news that they depend on every day."
For a full list of Sinclair-owned local channels, click here.
Next dispute.................................come on down!
- Nov 29, 2003
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Sinclair could not win no matter what, they need money, so the locals are not going anywhere, if they give a better deal for the RSNs to Dish, then other providers will want the same deal, if they make it a pay channel like HBO, then the vast majority will not subscribe and other providers will try and do the same.
Dish has also proved that you do not need the RSNs, their loss in subscribers is the same level of other providers, DirecTV has had a bigger loss in subs and they have the RSNs.
Also, Hulu Live and You Tube TV do not have them either and they both, roughly, have combined the same number of subs that Dish has and still growing, no one subscribing to those services seem to care about the RSNs.
Sinclair's issue is they might not have streaming rights for the programming they assumed they had.
The biggest risk a content provider can take is dare subscribers to live without their content. Because, it turns out, many subs can. Especially those that never watched it, who don't even notice it is missing.
- Nov 29, 2003
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I am not talking about streaming, just about making it a regular pay channel which Charlie has been quoted before wanting to do.
Also have to give Dish credit, they could of carried the RSNs and charged a non optional sports fee as other providers do, glad they did not do that.
As far as streaming goes, looks like they are out of luck, MLB, NBA and NHL ( which just signed a streaming deal with Disney) do not want to give up the rights without a massive payout, probably something Sinclair cannot afford.
Dish has already taken the hit from the small proportion of subscribers that cared enough about the lost RSN's to leave. There wouldn't seem to be much point in rocking the boat now by making something like the optional Multi-sport add-on mandatory.
Sinclair has an MOU with BallySports for the RSNs. They have already announced a standalone app which will cost something around $20 a month. We'll see how that goes.
www.fiercevideo.com
Sinclair expects Bally Sports DTC could attract 4.4M subs, $2B in revenue
Sinclair is working on a direct-to-consumer streaming service for its Bally Sports regional sports networks (RSN) and it has disclosed to potential lenders how big it bel | Sinclair is working on a direct-to-consumer streaming service for its Bally Sports regional sports networks (RSN) and it...
- Nov 29, 2003
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Old story, it has come out since then that Sinclair does not have the rights to sell it as a stand alone streaming service.Sinclair has an MOU with BallySports for the RSNs. They have already announced a standalone app which will cost something around $20 a month. We'll see how that goes.
Sinclair expects Bally Sports DTC could attract 4.4M subs, $2B in revenue
Sinclair is working on a direct-to-consumer streaming service for its Bally Sports regional sports networks (RSN) and it has disclosed to potential lenders how big it bel | Sinclair is working on a direct-to-consumer streaming service for its Bally Sports regional sports networks (RSN) and it...
MLB’s Manfred on Sinclair sports DTC: They don’t have enough rights
MLB Commissioner Rob Manfred poured cold water on Sinclair’s efforts to build a direct-to-consumer streaming service from its regional sports networks business. | MLB Commissioner Rob Manfred poured cold water on Sinclair’s efforts to build a direct-to-consumer streaming service from its...
MLB May Brush Back Sinclair With Its Own Streaming Service: Report
Viewers could bypass cable and watch home-team games over the top
www.nexttv.com
Now a Tegna deal has to be solved. In my area Beaumont/Pt. Arthur, Tx we had the Sinclair channels( CBS Cw and Fox) dispute blocked, so we got those back. Tegna has our ABC and NBC station still blocked but we had them on ota. So none of the regular satellite locals were available from DISH. So we went with Houston locals and only lost the CBS station from Houston. Luckily he still had guide information for his local CBS station ota. But Charlie said he doesn't think a deal with Tegna will ever be worked out and he could afford to lose their stations.
The business press says Sinclair had taken on a pile of high yield debt thinking the various distributors for locals would pay more. Did not work out.
The regional sports is a different issue and has some other income options
The regional sports is a different issue and has some other income options
I wasn't aware of any take downs during the Sinclair negotiations because Sinclair kept offering extensions while they were fixing their ransomware problems.
Right now, they have RSNs on fewer screens, they have no streaming option both in the sense they have no streaming service to sub to and their streaming rights are in doubt. They planned on winning out on gambling, but the owners of the content begged to differ. Sinclair is in trouble. They went all-in with a pair of aces while a possible straight flush needing just a K of diamonds was on the table.
Charlie can afford it but I'm tired of paying extra for Peacock. After this months discount expires it's going to be time to move on, no reason to pay Dish a $5 increase when I've lost a channel I watch. Will miss Hopper3 which I've had since release but why pay more for less, YTTV is $65 & has more channels than Flex.
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Looking over their financials, long term debt for Sinclair is at $12 billion, cash on hand is only $1 billion, not a good ratio to have, especially when operating profits are only in the millions ( 3rd quarter was 19 million in net revenue).
www.macrotrends.net
Sinclair Long Term Debt 2010-2024 | SBGI
Sinclair long term debt from 2010 to 2024. Long term debt can be defined as the sum of all long term debt fields.
www.macrotrends.net
Sports Media: Are streaming strategies hastening the demise of cable bundle?
CBS and NBC stream their NFL games on Paramount+ and Peacock, respectively. ESPN and Fox have decided not to put their NFL games on their streaming services. Some financial analysts believe ESPN and Fox are pursuing the correct strategy. Speaking at Sports Business Journal’s Media Innovators...
sportsbusinessjournal.com
Dish and the fact they aren't carrying the RSN's is mentioned. We knew this earlier, but analysts are noticing it as well:
Kannan Venkateshwar, Barclays managing director of U.S. media, cable and telecom equity research, warned that all the distributors view the market differently. Dish Network, for example, seems to be involved in never-ending fights with distributors and has dropped several sports networks, including the Bally Sports-branded RSNs.
“Dish’s margins have actually gone up … since it started getting into these disputes,” Venkateshwar said. “It may lose subs, which looks bad in the headlines, but its cash flow actually goes up.”
I see the future that none of the carriers will be carrying Locals. So the only way to get them will be OTA. If they are offered by a carrier, they will be sold in a separate package under separate contracts and will be sold at whatever the market demands are. The Local packs will have to pay for themselves or else they will not be offered. For the people that want or need them, they will have to pay and pay.
