ESPN Loses Another 1.5 Million Subscribers As Cord Cutting Accelerates
So how long before the house of cards that is ESPN Conference Money falls apart? Do they even make it to the end of these new deals? From the article:
I must say it's enjoyable talking about revenues from 3rd parties like ESPN and Under Armour with fans of other conferences and teams.
Found a guy who is a UCLA fan trying to suggest the UCLA deal with UA is better than the ND deal. Was not comprehending the ND deal allowed for stock in lieu cash. Malpass (again) for the win on that one.
Then you have these big10 fans talking about how ND can't survive without the type of conference deals they get...but fail to accept the challenges on the horizon for ESPN compared to the steady and sure NBC deal.
When you are a network that's hemorrhaging almost a billion a year and growing..it's really difficult to see ESPN paying Maryland $40 million plus a season in exchange for the rights to show Michigan and Ohio State games.
Even better is the big 10 thought they were smart and only locked in their deal to 2022-23, whereas the SEC locked in to 2033-34. They are in for a rude wake up in 8 years.
Enjoy Rutgers and that NYC media market....lol
So how long before the house of cards that is ESPN Conference Money falls apart? Do they even make it to the end of these new deals? From the article:
Since every ESPN subscriber is worth roughly $80 a year to the company that means every single day in February, March, April and May ESPN lost over $800k in yearly subscriber revenue. Every. Single. Day. This also means that ESPN has now lost 10 million subscribers in the past 2.5 years. Figuring that each of these subscribers is paying in the neighborhood of $80 a year and we're talking about ESPN losing revenue of $840 million a year in the past three years. That's over $2.5 billion the network was expecting that it will never see. Toss in the subscriber losses at ESPN2 and ESPNU and ESPN has lost over a billion dollars a year, three billion total, in revenue over the past three years.
I must say it's enjoyable talking about revenues from 3rd parties like ESPN and Under Armour with fans of other conferences and teams.
Found a guy who is a UCLA fan trying to suggest the UCLA deal with UA is better than the ND deal. Was not comprehending the ND deal allowed for stock in lieu cash. Malpass (again) for the win on that one.
Then you have these big10 fans talking about how ND can't survive without the type of conference deals they get...but fail to accept the challenges on the horizon for ESPN compared to the steady and sure NBC deal.
When you are a network that's hemorrhaging almost a billion a year and growing..it's really difficult to see ESPN paying Maryland $40 million plus a season in exchange for the rights to show Michigan and Ohio State games.
Even better is the big 10 thought they were smart and only locked in their deal to 2022-23, whereas the SEC locked in to 2033-34. They are in for a rude wake up in 8 years.
Enjoy Rutgers and that NYC media market....lol