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Setanta Going Bust

Discussion in 'DIRECTV Programming' started by liverpool, Jun 7, 2009.

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  1. Jun 7, 2009 #1 of 18
    liverpool

    liverpool Legend

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    Jan 29, 2007
    Sports broadcaster Setanta is on the brink of collapse this weekend as it struggles to agree a rescue plan with rights holders and investors.

    Deloitte, the accountancy firm, is on stand-by to put the company into administration. This would mean Setanta could disappear from the airwaves immediately.

    For the past six months Setanta — which has 1.2m customers, considerably short of the 1.9m needed to break even — has been desperately trying to raise new capital to meet rights’ payments. The broadcaster has until tomorrow to pay the Scottish Premier League (SPL) £3m as part of its £31m a year deal.

    The SPL held an emergency meeting last Wednesday to discuss the situation and has already decided to dip into its own emergency funds to distribute the payments to member clubs.

    There are also huge repercussions for the Barclays Premier League, which is awaiting a £35m payment from Setanta due on June 15.

    The company’s collapse could result in a fire sale of rights, including the £425m four-year deal for England and FA Cup matches it shares with ITV. Analysts say no-one will pay anywhere near Setanta’s rates to pick up the contract.

    Most excellent if Fox soccer channel pick up all the games then I will subscribe in a new york minute. :)
     
  2. Jun 7, 2009 #2 of 18
    bgilga

    bgilga Legend

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    Jul 28, 2006
    I bscribed to Setanta for a while. No HD was a big dissappointment as was $15 a month.
     
  3. Jun 8, 2009 #3 of 18
    ramcm7

    ramcm7 Legend

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    Aug 1, 2002
    When they went from Fox Sports World to Fox Soccer Channel and dropped Rugby and Aussie rules, I dropped the Sports package and FSC and added Setanta when they added a good selection of those sports.

    I agree with bgilga in that no HD has been a bummer.
     
  4. Jun 8, 2009 #4 of 18
    vansmack

    vansmack Godfather

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    Aug 14, 2006
    FSC doesn't have the freespace to broadcast enough of the games in a timely fashion. I really hope another US carrier (hello, ESPN3) picks up the fire sale parts.
     
  5. Jun 8, 2009 #5 of 18
    crabtrp

    crabtrp Legend

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    Sep 23, 2006
    I subscribe and I have enjoyed having the two channels plus FSC showing live EPL games over the weekend. The lack of HD constantly annoys me. Hopefully whomever picks up the rights (should it go out of business) is able to show the same dedication to live games. But even cricket is in HD now, I am enjoying the T20 World Cup and was amazed to get it in HD.
     
  6. Jun 8, 2009 #6 of 18
    Mariah2014

    Mariah2014 Breaking the mold

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    Somewhere...
    If espn gets it, I would supsect much of it would go to espn360 and possibly some to espn classic.
     
  7. Jun 8, 2009 #7 of 18
    mhking

    mhking Legend

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    Oct 27, 2002
    Atlanta
    That was my problem. I enjoyed the rugby, and am a fan of the AFL, but something had to give in my bill.... Would be nice if FSC/Gol would pick up the rugby, but I'm not holding my breath...
     
  8. Jun 9, 2009 #8 of 18
    Ferrino

    Ferrino Cool Member

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    Feb 11, 2009
    Fingers crossed ESPN pick up the Setanta EPL games! Setanta really is a terrible quality channel and not worth $15/month in SD. ESPN is available to way more people and doesn't require an additional fee. Plus they are more HD-ready than Setanta (who still transmit using a piece of transatlantic string it seems).
     
  9. Jun 9, 2009 #9 of 18
    DawgLink

    DawgLink Woof Woof Woof

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    I am not so sure I want ESPN picking it up unless they will show a good amount of the actual games.

    I just worry they buy out the games yet only allow US people to see half of those
     
  10. Araxen

    Araxen Icon

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    Dec 18, 2005
    I have no problems paying $15 a month if the channel is HD and I hope ESPN picks it up makes it a pay channel like before and changes it to a HD channel. Heck, I'd consider paying up to $20 a month if it'll get me Rugby and AFL games in HD.

    There is money to be made from the world sports via a monthly pay channel and all they need to do is give us the video quality we want.
     
  11. bgilga

    bgilga Legend

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    Jul 28, 2006
    I agree Araxen. $20 for an international sports channel would be fine if it is in HD. Europen soccer, Aussie Football, and maybe Japaneese basebal or anything like that. I think it would be a great channel. I don't think it would have 10 million subs, but their are enough people out there interested in international sports.
     
  12. dhines

    dhines Godfather

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    Aug 16, 2006
  13. DCSholtis

    DCSholtis Up The Irons!

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    Aug 7, 2002
    http://www.timesonline.co.uk/tol/sport/football/premier_league/article6466375.ece

    And thats it folks....Setanta are not accepting new subs in the UK as of today. What that means for Setanta USA take your best guesses.

    http://www.telegraph.co.uk/sport/fo...oomed-as-subscription-services-withdrawn.html

     
  14. Araxen

    Araxen Icon

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    Dec 18, 2005
    There was a post over on Satellite Guys that employee's in Europe were told to pack up their offices. It's pretty much over and now it's in the let's see who buys up the parts now phase.

    Here it is: http://www.satelliteguys.us/directv-forum/177747-setanta-sports-almost-broke.html#post1851979

     
  15. dhines

    dhines Godfather

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    Aug 16, 2006
    woo-hoo :D

    now lest hope that ESPN buys these contracts and finds a way to rebrand ESPN Classic
     
  16. DCSholtis

    DCSholtis Up The Irons!

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    Aug 7, 2002
    http://www.guardian.co.uk/media/2009/jun/10/setanta-rescue-plan

     
  17. dhines

    dhines Godfather

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    Aug 16, 2006
    good deal . . . :)

    i have no issues with setanta pulling out of this, as i am sure any new investors would insist that they have the ability to transition to HD. i honestly believe their lack of HD is what killed them.

    selling a niche product is usually geared towards people that are willing to pay a premium. it is silly to sill a product that aimed at a niche group, then not offer the premium of HD programming.

    kind of like shooting yourself in the foot.
     
  18. Stuart Sweet

    Stuart Sweet The Shadow Knows!

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    Jun 18, 2006
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