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Finance

BeIN Sports Registers Net Loss Of $1.1B Since '12 Launch In France

Since launching in France in ’12, beIN Sports has registered a net loss of €1.03B ($1.1B), according to Claire Bader of CAPITAL. Despite a monthly turnover of around €20M ($21.2M) last quarter -- supported by subscriptions accounting for 93% of revenue -- the Canal+ competitor has “not been able to offset the incredible costs of the sports rights it has acquired.” Over the course of ’14 and ’15, beIN Sports invested close to €640M “to obtain the rights to broadcast the Champions League, Ligue 1 and the NBA.” The problem for beIN is that the “war over sports rights and seducing viewers is not about to slow down.” In addition to Canal, beIN “must compete with” the SFR’s parent company Altice Group, which now offers the Premier League. The proposed partnership with Canal+ “could have improved the balance,” but the French competition authority denied the proposal in June (CAPITAL, 12/13).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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