BREAKING: NHL's TV Partner Files $55 Billion in Bankruptcy and Will Affect 12 Teams
PUBLICATION
S. HarperJanuary 26, 2023 (0:52)
It's a tough day for Bally Sports, as it's revealed that the corporate streaming giant is preparing to file for bankruptcy.
This is will hurt 12 major NHL networks. The company called Diamond Sports Group LLC, which runs Sincalirs sports channels, is reportedly $8.6 billion in debt.
Sinclair Streaming Company is hoping that the filing bankruptcy could keep the channels to remain in operation.
In total, Sinclair owes $55 billion in sports-media rights, according to Bloomberg. A bankruptcy could put payments to the NBA and NHL at risk.
Must read on FlyersInsider
Sinclair has launched a $20 a month subscription service to get Bally Sports networks for fans. So far, though, fans seem not to be running to the service in the numbers expected.
Diamond Sports Group, a wholly owned subsidiary of Sinclair, said:
"the new deal means its Bally Sports regional networks are now permitted to offer streaming content, including live games, on an authenticated and direct-to-consumer basis to the local territories of 12 NHL teams. Teams included in the agreement are the Anaheim Ducks, Arizona Coyotes, Carolina Hurricanes, Columbus Blue Jackets, Dallas Stars, Detroit Red Wings, Florida Panthers, Los Angeles Kings, Minnesota Wild, Nashville Predators, St. Louis Blues, and Tampa Bay Lightning.
CEO Chris Ripley would also issue a statement:
"Our announcement today signifies the importance that both parties place on the ability for sports viewers to consume content whenever and however they choose. The advent of a DTC model will further enhance flexibility for viewers, as well as offer them a highly-personalized and engaging experience, with functionality and interactivity well beyond what is offered today." said Sinclair CEO Chris Ripley in a statement.
Hopefully they can work this out so fans don't end up missing the opportunity to watch their favorite team's play, right now everything is a hot mess.
Hopefully they can work this out so fans don't end up missing the opportunity to watch their favorite team's play, right now everything is a hot mess.
| POLL | ||
26 JANVIER | 135 ANSWERS BREAKING: NHL's TV Partner Files $55 Billion in Bankruptcy and Will Affect 12 Teams Do you watch NHL games through this streaming service? | ||
| Yes | 30 | 22.2 % |
| No | 105 | 77.8 % |
| List of polls | ||
Latest 10 stories
