Claudius wrote:
Burnwinter wrote:
If your organisation has purchased broadcast rights it's not like you want the league or its clubs to collapse unless you've been led into an absolute crisis, so they will find a financial settlement one way or another.
The TV companies that own Premier league rights will have clauses that allow them to claw back their TV monies in the event of an an Act of God - and Covid-19 should so qualify. They would be eager to recoup these as advertising dollars have evaporated.Â
Even if the Premier League manages to run all the games in the next 2 months, it is highly unlikely that the TV stations will get anywhere near the originally anticipated advertising $. Lots of media companies are currently firing, furloughing or closing down.Â
Absolutely. And behind the decline of advertising-funded businesses online is a 50% decline in digital ad revenue globally, which will actually hit even Facebook and Google pretty hard.
BuzzFeed announced it's shuttering its Australian and UK outlets today apparently. Only about 20 people involved, mind you—a "media outlet" in 2020 is pretty much a gaggle of modestly remunerated bloggers.
I wonder if insurance payouts wouldn't / shouldn't play a big part in the outcome of the TV rights wrangling? Certainly should in future based on what's happening now.