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9mo ago

Bally Sports Bankruptcy Threatens MLB Broadcast Deals

Diamond Sports Group's bankruptcy could lead to major changes in how fans watch several MLB teams, including the Angels, Brewers, and Cardinals.

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New Tigers TV broadcaster Jason Benetti at Comerica Park on Thursday, Nov. 9, 2023.
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Sophia Minnaert reports from the field for Bally Sports before the Milwaukee Brewers home opener against the New York Mets Monday, April 3, 2023 at American Family Field in Milwaukee, Wis.

Overview

  • Diamond Sports Group, the parent company of Bally Sports, is considering ending broadcast agreements with multiple MLB teams due to its ongoing bankruptcy proceedings.
  • The Angels, Brewers, and Cardinals are among the teams that may need to explore alternative broadcasting options for the 2025 season.
  • MLB is positioning itself as a potential solution, offering to handle broadcasts through its MLB.TV app, which could eliminate local blackouts for in-market fans.
  • Teams are considering different strategies, including renegotiating with Bally Sports, partnering with MLB, or developing direct-to-consumer streaming services.
  • The potential loss of Bally Sports contracts could impact team revenues and payroll, as these deals currently represent a significant source of income for many clubs.