The main source of income from the sport is television broadcasting rights. These are based on a contract with a strong legal burden and an important review by specialists. The best leagues in the world are standing in all sports, as well as the most important international sports tournaments and competitions. The world of sport is facing an unprecedented economic impact due to the corona virus pandemic.
After years of growth in the market, the sports sector could be damaged by the Covid-19 pandemic. The world economic crisis is inevitable; moreover, several measures and different changes are beginning to be noticed. It has been possible to distinguish how the networks have begun to cut their costs and, on the other hand, the different leagues have already begun to adjust their schedules.
Sports have become an essential part of the world of entertainment and entertainment. Due to the importance they have in people’s lives and the significance they have for the advertising and media industry, sports leagues are likely to demand large sums for 스포츠중계 rights during and after the pandemic.
TV broadcasting rights change the landscape
Fox Sports has moved away from golf. The television network was released from its 12-year agreement worth $1.2 billion with the USGA. The contract has only been exercised for 5 years, but apparently they were enough. The rights will go to NBC, which will produce the US Open in September 2020.
Separately, ESPN and CBS Sports won the rights to broadcast the first season of Athletes Unlimited. The event revolves around a network of professional women’s sports leagues that will debut with softball in August 2020.
Streaming may no longer be the best option
YouTube TV and ESPN+ have increased their monthly subscription exponentially. This is despite the fact that both platforms rely on live sports rights to entertain their users. YouTube TV has gone from $49.99 to $64.99; while ESPN+ has gone from $4.99 to $5.99.
YouTube TV is increasing its prices by $15 a month. That figure is almost double what the service cost at the time of its launch in 2017. The platform attributes its price increase to the addition of new channels to its lineup such as the PBS and Discovery Network brands, including HGTV and Food.
Streaming services are increasing their prices explosively. Now, subscribers pay twice as much for the same service they purchased a few years ago. The different platforms blame the price increase on the additions of programs or the increase in programming costs.