PENN Interactive’s Post

Audio is essential for bringing the broadcast viewer to the best seat in Paris. Audio-Technica: When it matters, choose the best!

💥 𝑩𝒊𝒈 𝑵𝒆𝒘𝒔 𝒊𝒏 𝒕𝒉𝒆 𝑺𝒑𝒐𝒓𝒕𝒔 𝑺𝒕𝒓𝒆𝒂𝒎𝒊𝒏𝒈 𝑾𝒐𝒓𝒍𝒅! 🚀 Exciting developments as ESPN, Fox Corporation, and Warner Bros. Discovery announce a joint venture to launch a new streaming sports service in the U.S.🇺🇸 This innovative platform, set for a fall 2024 debut, aims to bring together a vast array of sports content from major leagues and college sports through a standalone app. This collaboration promises a comprehensive sports viewing experience, including NFL, NBA, MLB, and more, aimed at providing unparalleled access for sports fans.  🤔 𝐼 𝑤𝑜𝑛𝑑𝑒𝑟 𝑖𝑓 𝑡ℎ𝑖𝑠 𝑤𝑖𝑙𝑙 𝑝𝑎𝑣𝑒 𝑡ℎ𝑒 𝑤𝑎𝑦 𝑓𝑜𝑟 𝑚𝑎𝑛𝑦 𝑠𝑡𝑟𝑒𝑎𝑚𝑖𝑛𝑔 𝑝𝑙𝑎𝑦𝑒𝑟𝑠 𝑎𝑟𝑜𝑢𝑛𝑑 𝑡ℎ𝑒 𝑤𝑜𝑟𝑙𝑑 𝑡𝑜 𝑎𝑙𝑠𝑜 𝑏𝑢𝑛𝑑𝑙𝑒 𝑠𝑝𝑜𝑟𝑡𝑠 :) 𝐷𝑜𝑛'𝑡 𝑦𝑜𝑢 ℎ𝑜𝑝𝑒 𝑠𝑜?

There have been rumors that ESPN was launching a new standalone DTC streaming service for live sports and it looks they decided to partner with Fox Corporation and Warner Bros. Discovery to make it a more compelling, bundled offering! It will be interesting to see if people are willing to pay for (another) standalone sports streaming app, whether there will be gaps (like NBCUniversal’s sports content) that limit it’s appeal and how they will integrate sports betting into the app! They are taking the Hulu approach (previously a Comcast/The Walt Disney Company/WarnerMedia jointly owned app) with a each company owning one third of the new app, so longterm, it will be interesting to see whether it will remain a joint venture. #streaming #ctv #ctvadvertising #livesports #ott #cordcutting #dtc #streamingtv #tvadvertising #mediabuying #mediaplanning

Exciting times ahead

Did you hear? 🌟 Fox, ESPN, and Warner Brothers are teaming up for a groundbreaking joint venture. This collaboration could revolutionize how fans access sports content. 🏆 However, navigating the complexities of sports content across multiple platforms presents challenges. At Armanino, we understand the evolving sports trends and offer expert business management services to help navigate these waters. Let's embrace the future of sports entertainment together! #SportsStreaming #BusinessManagement #SportsTrends #Entertainment

I saw this just now: "Venu Sports, the upcoming standalone streaming service being built through a joint venture to be established by ESPN, a subsidiary of The Walt Disney Company, FOX and Warner Bros. Discovery, will be available at a launch price of $42.99 per month for the service" I don't know if they got any advice on how to set the subscription price - but this is the wrong price. Why? 1. Sports fans are not price sensitive and would pay almost anything for access to their favorite sports and/or teams. 2. There are psychological price points called Price Walls. Between these Price Wall, demand (sales volume) does not change with price. There is a likely Price Wall at $50, so the a price of $49.97 would most likely generate the same sales volume as the price of $42.99. Venu Sports has decided to leave $6.96 on the table for every subscriber. 3. They need a tiered offering with access to certain sports or games or teams at a premium that could be $99.97. If someone at Venu Sports reads this, I suggest to contact me so we can get this straighten out.

truTV MAKES BIGGER MOVE TOWARDS SPORTS Following continued industry-wide focus on the value of live sports programming, Warner Bros. Discovery is significantly shifting more emphasis for its truTV cable TV channel toward sports. Warner Bros. Discovery's TNT Sports unit -- which largely runs sports content on its cable TV network TNT -- will significantly increase its sports programming next year on truTV, a network that has been mostly known for unscripted programming, comedy, docusoaps and other reality shows. This year, truTV has aired nearly 1,000 hours of sports programming. In addition, WBD says TNT Sports will be the “defining brand” on truTV, with onscreen prime-time branding touting sports with special logos and graphics. WBD calls the move part of a “network evolution.” #trutv #sports #cable #localadvertising #turner #effectvinsights https://lnkd.in/ehrqiTDG

Sports + entertainment + technology = a combination that excites us! It’s another edition of #4se NY. Hosted by Sports Business Journal this leading event explores how sports and entertainment merge to create business and cultural impact. Don’t miss the chat today with Fever's General Manager for North Americas Tom McElwee and Jamie Reilly, MBA General Manager for Moment Factory Events and USA, to discuss how new partnership models are changing the game in sports, driving revenue through experiences, and reaching new audiences. #4se #SBJ #LeadersWeek

Disney and Fox Partnership Venture Blocked: Win for Streaming Innovation or Loss for Sports Fans? 🥊 The court's decision to block Venu Sports, a joint venture by Disney, Fox, and Warner Bros. Discovery, has sparked debate. Fubo claims it's a win for streaming competition, and benefits fans. But sports fans disagree. The current sports streaming landscape is fragmented, to put it mildly. The average sports fan needs 2+ subscriptions to watch all of their favorite teams’ games. Venu, with rights to 60% of nationally televised sports, could solve this. Who benefits? Is it pro-competitive or does it maintain the status quo, forcing fans to keep multiple subscriptions? The future of sports streaming is uncertain. What are your thoughts? #VenuSports #StreamingWars #Sports

Huge sports and media announcement today. The Walt Disney Company ESPN Fox Corporation FOX Sports and Warner Bros. Discovery announce Joint Venture on new sports app! Lets call this the “Hulu of Sports.” Why does it matter? 🔥admission that cable is dead or final bullet. Same outcome either way. 🔥live sports was the last AAA content on cable. 🔥A mix of mass reach, advertising and DTC is likely the winning model. It’s “and” not “or” 🔥aggregation and mass of top content wins. No one wants 10 subs. 🔥data and betting and NIL will only accelerate sports value. Cable can’t win on these new pilars. Only apps and connective 2 way experiences can At ClashTV we have long believed this and have been building this one click down in the high passion verticals that this JV won’t get to at launch. Eveyone will win here. #sports #streaming #data #nil #cable #media #clashtv #trendingnow #linkedinnews