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Report: Peacock to stream local games from NBC Sports RSNs
NBCUniversal will reportedly offer its NBC Sports regional networks to Peacock customers in those local markets.awfulannouncing.com
NBC will air their remaining Regional Sports channels on Peacock in 2025. This comes after NBC Sports cut Chicago, Washington DC, Portland off the regional sports network roster prior to the spinoff as a response to declining audiences and expenses. Some of this was to avoid a situation Bally/Fanduel Sports is facing today.
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Bally Sports rebrand to FanDuel started Monday
Minnesota sports fans will see the latest development in the Diamond Sports bankruptcy on Tuesday when FanDuel Sports Network broadcasts the Wild’s game against the Florida Panthers. Bally Sports North, which has been broadcasting Timberwolves, Twins and Wild games since 2021, was officially...sports.yahoo.com
Cable TV is dying, to the tune of almost 10% subscriber reductions per year. That reality finally hit the RSN's as numbers dwindle while sports rights fees were just increasing. If the current trend continues, the only companies that will be able to afford sports will be the streaming companies, which is why NFL is starting to branch out to Amazon, Netflix, etc.
Of course, another side effect of that is that broadcast TV revenue is going down due to fewer retransmission fees. Another elephant in the room is that people aren't cutting cable to go back to OTA, for the most part they are moving to streaming. And streaming is much less profitable than cable, because you really only pay for what you want and churn is high.
My predictions are that we will continue to see budgets cut across TV in 2025, and we'll see major media companies continue to try to distance themselves from their profitable, but slowly becoming less profitable networks. We probably won't see a ton of movement on mergers in that space in 2025, but I expect "SpinCo" (whatever it's called when done) will likely acquire some smaller networks (AMC Networks). We may also see consolidation in streaming providers. I also think we'll see a FAST service shut down or sold due to declining ad revenue.
Disney will likely shut down the networks that Spectrum dropped, as other cable operators will want the same deal that Spectrum got. I don't think we'll see the shut down of other cable networks unless they cannot get carriage deals for them.
Edited to add - we will also likely see fewer scripted programs on both broadcast and streaming in 2025.