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SMT Panel: Will the Media Rights Bubble Burst?
November 14, 2013 01:12 PM
The Sports Bubble
David Bank, RBC Capital Markets
Reagan Feeney, DirecTV
Doug Perlman, Sports Media Advisors
Steve Raab, SNY
Mark Silverman, Big Ten Network
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.”