Florida Panthers Secure Multi-Year Deal to Broadcast Games on Local Stations
The Florida Panthers, the two-time Stanley Cup champions, have signed a new multi-year deal to air their games on local broadcast stations. The Panthers join several other pro sports teams in moving their regular season games to local broadcast TV as the regional sports network model faces challenges with cord-cutting. The terms of the new deal were not disclosed but are likely less lucrative than the Panthers' previous deal, which was reportedly worth $6 million per year. Moving games to broadcast TV significantly increases potential reach since those stations are included in all pay-TV packages and available with an antenna.
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00:00It's Benzinga, and here's what's on the block.
00:02The Florida Panthers, the recent Stanley Cup champions, have signed a new multi-year deal
00:07to air their games on local broadcast stations.
00:10The Panthers joined several other pro sports teams in moving their regular season games
00:14to local broadcast TV, as the regional sports network model faces challenges with cord cutting.
00:20The terms of the new deal were not disclosed, but are likely less lucrative than the Panthers'
00:24previous deal that was reportedly worth $6 million per year.
00:28Moving games to broadcast TV significantly increases potential reach, since those stations
00:32are included in all pay-TV packages and available over-the-air with a Nintendo.
00:37For all things money, visit Benzinga.com.