
Good News for Main Street Could Mean Bad News for Wall Street 7/6/23
CNBC's "Last Call"
00:00
The Rise and Fall of the Free Agent Market
Michael Schellenberger: TV and streaming struggling to make money, while cost of sports is going up. Current NBA broadcast deal between Disney and Warner Brothers TNT is for 2.7 billion per year. Next deal reportedly will be negotiated and start in two years; it's expected to go for five or more billion a year. Sports business expert George Pine says you're going to see more mixed deals going forward. He asks if Apple and Amazon are the new ESPN?
Transcript
Play full episode