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SMT Panel: Will the Media Rights Bubble Burst?

The Sports Bubble

David Bank, RBC Capital Markets
Reagan Feeney, DirecTV
Doug Perlman, Sports Media Advisors
Steve Raab, SNY
Mark Silverman, Big Ten Network

“Will the Media Rights Bubble Burst?” was the question debated during a roundtable discussion of industry experts this morning at the 2013 Covington & Burling Sports Media and Technology Conference.

Some thoughts from the panel:

Steve Raab, SNY president: “I don't think there’s a bubble. Maybe there’s a leveling off. A bubble implies something popping, and I don’t see that.”

Doug Perlman, founder and CEO of Sports Media Advisors: “This is not irrational exuberance.” Perlman cited competition for creating value.

Reagan Feeney, vice president of content for DirecTV, had words of caution: “Our average cost is already over $100 [for the consumer's monthly bill]. These costs are up and somebody is going to have to pay for them.”

Mark Silverman, president of the Big Ten Network: “Sports is the last live place where you watch television. Certain sports properties generate more value. Premium properties are always going to be worth a lot.”

David Bank, managing director at RBC Capital Markets: “Where is the bubble? I don’t see it. I’m not paying a lot more. I’m getting a lot more.”

Feeney: “We’re already seeing networks make tough choices. There has been some disruption. You can see it.”

Raab: “The burden is on the partnership between the property and the rights holder to justify the value and make it work.”

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Related Topics:

Media, DirecTV, SNY, Big Ten, Big Ten Network

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