Cord cutting might be the best thing that ever happened to sports.
The data & insights gained will help teams/leagues to tap into different parts of the fans’ ‘entertainment wallet’, which should lead to increased revenues and continued valuation growth.
.
@jakepaul
is going to win in his battle with the UFC.
He'll either be able to take credit for sparking meaningful change or it will create an opportunity for a competing promotion to take a run at the UFC—one he could potentially play an key role in.
#AEW
All In is tracking to be the most attended pro wrestling show ever (at least outside of N. Korea).
@TonyKhan
has built a business that will do "well over" $100 million in '23 revenue and it is positioned for a rights fee increase come '24 or '25.
Some expect micro betting to become the predominant way fans wager.
@jakepaul
, whose Anti Fund led Simplebet's recent round, believes that saying "consumers continue to demonstrate a desire for shorter, instant interactions, with real-time outcomes.”
The
@NYIslanders
went from 31st in merchandise sales to top 5 in two years and the club expects to be number one next year.
How?
A new, fashion-forward approach to hockey-related merch, and the rising popularity of streetwear and luxury sporting goods.
"If you are saying the average team is worth $2.2 billion, [to command that amount] that would mean the expansion team has to be in an average market. I would say there are no average markets left.” -One unnamed sports banker on
#MLB
expansion
.
@MLS
' Board of Governors meetings was recently held at
@Apple
headquarters.
FWIW,
@cue
told club owners the company is "very happy with the progress [of the streaming partnership] to date."
The only thing more ridiculous than Fox Sports having a TNF pre-game/halftime show outside in Manhattan (for a game in Houston), is that there are actually people standing there watching it.
New York State Senator Joseph Addabado Jr. says if
@NYGovCuomo
is willing to sign off, the state could have online sports betting live “by the Super Bowl or March Madness.”
Once NIL rules are on the books there will be an intense focus on helping players build their personal brands.
So,
@ArizonaFBall
hired the digital production company behind The Rock to gain a recruiting advantage. cc:
@CoachJeddFisch
@RobGronkowski
$GAME recently bought one-time unicorn $FAZE for $18.5 million in stock.
Macro & self inflicted issues are to blame.
But the decline reflects a tough reality.
“The developers and publishers own the ecosystem. [The teams] fighting for scraps" -
@Slasher
JUST ANNOUNCED:
@thebig3
is rebranding the name of their SPORT - to FIREBALL3 🔥 heading into their 4th season.
@JeffKwatinetz
,
@icecube
,
@AmyTrask
and co. want to avoid comparisons to the FIBA style 3x3 game perceived to be boring.
#branding
Cats fans going to be excited to hear
@CoachBrennan
was on the same staff/has a relationship with former Servite HC Troy Thomas at Hawaii.
Deep ties to Polynesian community too from time at SJSU.
Chance remains to keep those kids here.🐻⬇️🌵
It's not just Arizona.
Athletic departments around the country are struggling to generate revenues capable of offsetting runaway expenses.
~75% now rely on some form of institutional support, with some receiving tens of millions annually.
.
@PFLMMA
is rumored to be closing in on a stock-laden deal to acquire Viacom-owned Bellator.
$VIAC's recent decision to sell Simon and Schuster to Penguin Random House for $2.18 billion has only added fuel to the speculation.
Here's why it makes sense.
.
@MenInBlazers
believes soccer is finally about to enter "the promised land" in the US and is positioning itself to capitalize on the opportunity.
The company has added
@FabrizioRomano
, the Woj/Adam Schefter of global football + several other big names
Got a note from one senior sports media executive today. "You have the most insightful column in the industry- well ahead of the curve."
If you're not already signed-up for JohnWallStreet by Sportico, you can do so at
.
@SlamBall
is back after a 20 year hiatus with $11 million in venture backing.
But this time around the plan is to operate as “a real, live, bet-able, engageable sport" as opposed to a made-for-TV show.
@DickieV
tried to bury Sean Miller based on an inaccurate report. Irresponsible at best, malicious at worst. It’s time for
@espn
to
#RetireDickVitale
.
#sportsbiz
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Today marks the sixth anniversary of the first JohnWallStreet newsletter.
Seems like yesterday.
The most influential people in sports, media, and finance now start their day with it.
You can sign up for the free e-newsletter here.
#WrestleManiaXL
was WWE's most viewed event of all-time.
The Women's CBB championship game outdrew the men's.
There's a common thread there.
Long-term storytelling and strong character development drive tune-in and fandom.
.
@ColinCowherd
believes he has laid the groundwork for what next-gen sports talk networks will look like with
@TheVolumeSports
.
Big personalities delivering video-first instant reactions, w/ all the content widely distributed across multiple channels
.
@BetterCollectiv
recently acquired
@playmaker
in a deal worth up to $54 million.
$BETCO plans to engage Playmaker’s audience of younger sports fans, and drive affiliate revenue.
Playmaker has more than 20 million followers across social platforms.
Dominating road win over a team that played for its conference championship last year.
Super excited for
@Dave_Heeke
,
@CoachJeddFisch
and Wildcats everywhere. 🐻⬇️🌵
Noah Fifita & Tetairoa McMillan’s podcast “Island Time in the desert” just dropped a new episode on the gamenetwork app and they just dropped a preview of the episode on IG.
Here’s a tidbit from that preview. Make sure y’all go download the app and hear what Fifita and TMac have
Thought this is who Arizona should have hired the last time around.
Brennan won at SJSU, an impossible job, and doesn’t have the rep of always looking for the next job.
Tomey connection doesn’t hurt. 🐻⬇️🌵
.
@JimDaily
,
@mdudas
and
@chrismaddern
have set out on a quest to create the “world’s best golf and leisure club.”
They're doing it with Web3 and DAO concepts (think: digitally connected, community governed, broader access) underpinning the project.🏌️♂️
Asked 4-star tight end
@keyan_burnett
on ESPN Radio about Arizona’s chances in landing star wide receiver Tetairoa McMillan (
@TMAC96795
):
“I feel good about it. That’s all I can say. I feel pretty good about where we are with him.”
JohnWallStreet's Top 50 Sports Business Twitter Follows for 2021 is out.
This year, we cut the list down to 50 (from 100) and focused on those regularly providing original thoughts, insights and perspectives to their followers.
#sportsbiz
#JWS50
Took Mads and her friend to the
@Riveters
game at
@americandream
tonight.
Love the branding and set-up.
Nice to see people stumbling upon and taking in women’s hockey.
.
@barstoolsports
' venture into frozen pizza is the latest example of a digital media company trying to break through IRL.
As media becomes more fragmented, companies are trying to look more like traditional consumer brands.
.
@BetMGM
recently announced a tie-up with
@SportsGrid
It is the latest indication content & distribution will play an increasingly important role within sports betting businesses as operators scale back their marketing efforts and focus on profitability
.
@MLB
clubs should start games 30 minutes later next season (7:40).
Doing so would enable them to increase viewership 3% per game, which could drive more than $10 million in additional ad revenue over the course of a 162-game season.
$PENN took ownership/control of
@barstoolsports
at a discount to fair market value.
But Barstool Sportsbook has been unable to capture market share as forecasted, leading some to speculate that another change in ownership could be on the horizon.
🚨Local influencers and content creators have become an important part of the sports media ecosystem.
Young fans increasingly get news/information via social channels, and these individuals often have greater reach/engagement than traditional outlets.
🚨ATTENTION: Sportico formally launched this morning! 🚀
Check us out at !
If you're not already a JohnWallStreet subscriber, be sure to sign-up for our free daily email newsletters at
#sportsbiz
The stakes have been raised.
To ensure a spot at the table when it all shakes out football must win games.
Recruiting at a high level will go a long way to doing that.
Keep the cacti coming
@CoachJeddFisch
! 🐻⬇️🌵
Big deal.
First two women to headline fight at MSG in 140 years.
First time two women fighters each earning 7 figures from fight.
Serrano making more in sponsorship revenue than she made in total purse and sponsorship dollars in first 41 pro fights.
Story coming Friday.
Joe Tsai just hired his 3rd CEO since taking over the Nets in 2019.
What is he looking for Sam Zussman to deliver?
$500 million in revenue annually within the next two or three years and a billion dollars within seven.