![]() Sinclair’s RSN business and its creditors are “preparing for a possible restructuring of its roughly $8 billion debt load,” amid the company’s loss of pay-TV deals and as COVID has reduced the amount of televised sports available, the Wall Street Journal reported Wednesday. ![]() Sinclair launched the Marquee Sports Network this past March. Under a separate pact with Disney, Sinclair acquired an interest in YES Network. ![]() Sinclair acquired the 21 Fox regional sports networks from Disney, which was required to divest the RSNs as part of securing DOJ approval of its deal for 21st Century Fox’s film and TV businesses. Last year, Dish Network dropped the Fox RSNs from satellite and Sling TV lineups, while over-the-top TV provider Fubo TV cut them in January. Hulu’s move to jettison the Sinclair-owned RSNs comes after YouTube TV last month dropped 19 of the Fox Sports networks it was still distributing. Hulu last raised prices on Hulu + Live TV in November 2019, when the cost of the base package increased 22%, to $54.99 per month. It is unfortunate that Hulu has chosen to take away some of the most popular programming on TV from millions of subscribers, particularly given that Hulu has promised its subscribers that it has live sports.” In a notice on its website, Hulu said it was dropping all 21 of the Fox Sports RSNs as well as YES Network, the TV home of the New York Yankees and Brooklyn Nets, as well as Marquee Sports Network, which carries Chicago Cubs games.īarry Faber, Sinclair’s president of distribution and network relations, said in a statement: “While we offered Hulu a deal consistent with terms agreed to by other distributors, the streaming service refused to accept these fair and market-based terms.
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