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SportsTranscript
00:00 (upbeat music)
00:02 - A huge story in terms of bankruptcy here
00:07 where Sinclair and then Diamond Sports
00:11 have just been unable to pay the clubs their rights fees.
00:14 Some of the clubs have taken over their own broadcasts.
00:17 The remaining are still being run by Diamond Sports.
00:20 There was a story recently over the last couple of months
00:22 that Amazon could potentially get involved in the broadcast.
00:27 And a lot of these regionals, Mike, have the heading,
00:30 the title, the sponsorship of Bally Sports.
00:33 I'm sure people are familiar with that.
00:34 If you have a team locally in your area,
00:36 you may have one of these broadcasts.
00:38 But Mike, what is the update here on that?
00:40 Are they being replaced?
00:41 Is Bally being replaced by another sports club?
00:44 - Yeah, Craig.
00:47 So LSR has confirmed that FanDuel is in talks
00:50 with that Sinclair-Diamond group
00:54 about potentially getting branding rights
00:56 and then potentially having equity stake
00:58 in that company as well.
00:58 Again, they're talks right now, discussions,
01:01 certainly could come to fruition.
01:03 And like you said, given that network is kind of in flux,
01:07 I think there's like 38 teams
01:09 that play on that regional network,
01:11 FanDuel could potentially provide some stability there
01:14 and there could be obviously some money there
01:15 for both sides.
01:17 So we'll see where it goes.
01:18 Certainly a story that we're following.
01:20 Bloomberg first reported and LSR has confirmed
01:23 that those talks are ongoing
01:24 between FanDuel and the Diamond Sports Group.
01:27 - Yeah, I don't think you probably know the answer to this.
01:29 So I don't mean to throw it at you,
01:31 but I thought we had heard previously
01:35 that I just mentioned that Amazon was involved.
01:38 Does this supersede that?
01:40 And maybe like this is airing on FanDuel's app
01:42 or something like that?
01:43 Am I way ahead of this on that?
01:45 - Yeah, Craig, I think it's just early.
01:47 I don't know where the Amazon portion stands.
01:50 I just know that FanDuel is in talks with them
01:53 and we'll see where it goes.
01:54 Yeah, I think obviously, like you said,
01:56 can we see something with the FanDuel app?
01:57 We're always talking about that single screen
01:59 live betting experience.
02:01 Is there something where it makes sense
02:03 with MLB, NHL, NBA,
02:05 the teams that play on those
02:07 Diamond Sports regional networks?
02:09 I mean, that's certainly possible.
02:10 And like you said, maybe it becomes FanDuel Sports.
02:12 Obviously, Valleys has that name.
02:15 We'll see where it goes.
02:16 Does Amazon come in?
02:17 We'll see.
02:18 But right now it's FanDuel talking with Diamond.
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