Bender The Lab· Registered
I do not think they even have 5 years, right now only, roughly, 40-50 Million Households ( of the 68 Million that still have a paid Live TV Subscription and depends on what package you have ) are paying the per sub fee, down from about 100 Million 9 years ago and the rate of losses are increasing every quarter.Wrong....they are NOT going bye-bye. They are declaring bankruptcy because they are trying to restructure their debt. They might (will?) renegotiate contracts with various teams, they may drop a few teams if they cannot renegotiate. This happens all the time in business. Bankruptcy doesn't mean they go belly up, but, everyone hears that term and thinks that. Teams will have to decide what they want to do now. Do they rework deals for less? Do they find another way to show games? Do they just not show the games at all? It's quite possible that fans get the short end of the stick, but it might not even be anything that fans notice is some markets.
Now, will RSNs exist like they do now in 5 years? I doubt it. In 10 years, almost definitely no. But this bankruptcy is not the end of even the Bally RSNs. At least not yet.
Remember Dish/Sling ( about 10 Million subs), Hulu Live ( 4 Million) and YTTV (6 Million) do not have the RSNs.
Up to the 3rd quarter, Live TV Providers have lost about 5 million, expected to be about 7 million once 4th quarter is reported, so even if they get better contracts, they will lose another, at least, 10 million per sub fees, then here we go again, not making enough money to cover the contracts with sports teams.
And Bally Sports is the first, expect many more to do the same quite soon, the contracts with teams are just too much with way less revenue coming in.