In our October 23rd and
October 28th classes we discussed the effects on the sport industry
and the mass media. As we stated in our notes, sport and the media are closely
related on one another. They are two of the most successful businesses in the
United States that bring in about $1 trillion and $350 Billion respectively. In
an article I found on Sports
Business Journal that discuss these two industries and how it will generate
revenue for teams. In today’s age, you see teams such as the University of
Texas Longhorns create a channel that is 100% dedicated to the Texas Longhorns
athletics called the Longhorn Network. In our class lecture, we learned that
the sport popularity is of a result of the media coverage that is shown. Many
of the media today is through social media which is a group of internet
applications that allow the creation and exchange of user generated content. It
allows news to reach more accessible fans more quickly. In our notes, it says
that social media is used by 96% of the Sport Business for marking which is
also called mobile marketing. In other words, social media is just another
avenue to get the word out in front of a large number of people at one time.
The newer channels such as Fox Sports 1 and CBS Sports Network allows for
viewership to rise as it acquires the television rights to the particular
sporting event. While television companies show sporting events on there
network, there goal is to also help promote other shows that are on after the
sporting event is over. It tries to promote not only the sporting event but
other shows for viewership as well.
Chart Below Displaying Media Rights
Chart Below Displaying Media Rights by Years
Chart Below Displaying Media Rights
MEDIA RIGHTS: WHAT’S AVAILABLE NEXT?
|
||
PROPERTY
|
NETWORK(S)
|
FINAL SEASON
|
The Masters
|
CBS, ESPN
|
Year-to-year
|
NFL Thursday Night Football
|
CBS
|
2014
|
EPL
|
NBC
|
2015
|
Preakness/Belmont
|
NBC
|
2015
|
Conference USA football championship
|
ESPN
|
2015
|
Formula One
|
NBC
|
2016
|
Big Ten football championship
|
Fox
|
2016
|
Conference USA
|
CBS Sports Network, Fox
|
2016
|
Big Ten
|
CBS, ESPN
|
2017
|
British Open
|
ESPN
|
2017
|
UEFA
|
Fox
|
2017-18
|
American Athletic Conference
|
CBS, ESPN
|
2019
|
UFC
|
Fox
|
2019
|
PGA of America
|
Turner
|
2019
|
Chart Below Displaying Media Rights by Years
MEDIA RIGHTS DEALS LOCKED IN FOR YEARS
|
|||
PROPERTY
|
NETWORK(S)
|
TERMS
|
FINAL SEASON
|
Mountain West Conference*
|
CBS Sports Network, ESPN
|
$116 million/7 years**
|
2019-20
|
NHL
|
NBC
|
$2 billion/10 years
|
2020-21
|
PGA Tour
|
CBS, NBC
|
N/A/9 years
|
2020-21
|
NFL
|
ESPN
|
$15.2 billion/8 years
|
2021
|
MLB
|
ESPN
|
$5.6 billion/8 years
|
2021
|
MLB
|
Fox
|
$4.2 billion/8 years
|
2021
|
MLB
|
Turner
|
$2.6 billion/8 years
|
2021
|
Australian Open
|
ESPN
|
N/A/10 years
|
2021
|
NFL
|
DirecTV
|
$12 billion/8 years
|
2022
|
NFL
|
Fox
|
$9.9 billion/9 years
|
2022
|
NFL
|
CBS
|
$9 billion/9 years
|
2022
|
NFL
|
NBC
|
$8.55 billion/9 years
|
2022
|
Pac-12**
|
ESPN/ABC, Fox/FSN/FX
|
$3 billion/12 years**
|
2022-23
|
MLS**
|
ESPN, Fox
|
$600 million/8 years***
|
2022
|
FIFA World Cup***
|
Fox
|
$450 million-$500 million/8 years
|
2022
|
FIFA World Cup***
|
Telemundo
|
$600 million/8 years
|
2022
|
MLS
|
Univision
|
$120 million/8 years
|
2022
|
WNBA
|
ESPN
|
$72 million/6 years
|
2022
|
Wimbledon
|
ESPN
|
$480 million/12 years
|
2023
|
NASCAR***
|
NBC
|
$4.4 billion/10 years
|
2024
|
NASCAR***
|
Fox
|
$3.8 billion/10 years
|
2024
|
NCAA Men’s Div. I basketball tourn.
|
CBS, Turner
|
$10.8 billion/14 years**
|
2024
|
SEC
|
CBS
|
$825 million/15 years
|
2023-24
|
French Open
|
NBC
|
N/A/12 years
|
2024
|
NBA***
|
ESPN
|
$12.6 billion/9 years
|
2024-25
|
NBA***
|
Turner
|
$10.8 billion/9 years
|
2024-25
|
College Football Playoff^
|
ESPN
|
$7.3 billion/12 years
|
2025
|
Big 12
|
Fox/FSN/FX
|
$1.2 billion/13 years
|
2024-25
|
Big 12
|
ESPN/ABC
|
$1.3 billion/13 years
|
2024-25
|
U.S. Open (Tennis)
|
ESPN
|
$825 million/11 years
|
2025
|
Big East Conference
|
Fox
|
$500 million/12 years
|
2024-25
|
Notre Dame
|
NBC
|
N/A/10 years
|
2025
|
U.S. Open (Golf)***
|
Fox
|
$1.12 billion/12 years
|
2026
|
ACC
|
ESPN
|
$4.2 billion/15 years
|
2026-27
|
Big Ten Conference
|
Big Ten Network
|
$2.8 billion/25 years
|
2031-32
|
Olympics (U.S. rights)
|
NBC
|
$7.65 billion/12 years
|
2032
|
SEC
|
ESPN/ABC
|
$6 billion/20 years
|
2033-34
|
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