Showbiz Sandbox 171: Cost Of Sports Could Be Cable’s Unbundling
November 26, 2012
The rights to broadcast Major League Baseball games through 2021 were recently scooped up by ESPN for a cool $5.6 billion. That’s nothing compared to the $15.2 billion the network will be paying the NFL for “Monday Night Football” over the next eight years. Now News Corp. has coughed up billions for a stake in the New York Yankees network and are on the verge of paying a rumored $6 billion for the rights to air Los Angeles Dodger baseball games for 25-years. Some cable operators are now saying the skyrocketing costs of sports programming is out of control and unrealistic.
Since we’re talking about billions of dollars, we may as well mention Sony Pictures. Thanks to films such as “The Amazing Spider-Man” and “Skyfall” the studio has taken in more than $4 billion worldwide this year at the box office. Lionsgate isn’t doing too bad either, earning $1 billion with releases such as “Hunger Games” and “Twilight Saga: Breaking Dawn”.
In fact, the North American box office is on pace to set a new record this year, much like the grosses recorded over the Thanksgiving holiday weekend. The $290 million was a new high for the four day period.
Of course, we also cover all the big entertainment headlines from the past two weeks including the ongoing sexual abuse scandal rocking Sesame Street, the death of actor Larry Hagman and NBC’s big win during the November sweeps.
‘Twilight,’ ‘Skyfall’ Pace Record Thanksgiving At Hollywood Box Office
Lionsgate Passes $1B Domestic For First Time Helped By Summit’s Twilight Finale
Sony Pictures Passes $4 Billion Mark, Has the Best Year Ever
An Unfestive Start For ‘Rise of the Guardians’
Earliest Surviving Hitchcock Film Debuts on Web
Warner Bros Agrees To Release Up To 20 More Films On IMAX Over Next 3 Years
Aaron Sorkin on Steve Jobs Biopic: Three Real-Time Scenes From Backstage
NBC Wins First November Sweep in Almost a Decade
Is the FCC About to Take the First Step in Lifting Cross-Ownership Ban?
The Hollywood Reporter, After 65 Years, Addresses Role in Blacklist
Larry Hagman, Who Played J.R. Ewing in ‘Dallas,’ Dies at 81
‘Dallas’ Producers Prepping Send-Off for Larry Hagman’s J.R. Ewing
Apple Asks Developers To Stop Using ‘Memory’ In App Titles
‘Downton Abbey’ Renewed for Fourth Season On Britain’s ITV
YouTube Preps Big New Round of Content Investments
Starz Cancels Kelsey Grammer’s ‘Boss’ After Two Seasons
Chevy Chase Leaving NBC’s ‘Community’
Fox Searchlight To Develop Susan Boyle Story Based On Musical ‘I Dreamed A Dream’
Tolkien Estate Sues Warner Bros. Over ‘Lord of the Rings’ Slot Machines
Peter Jackson Denies ‘Hobbit’ Animal Claims
Elmo Actor Resigns Amid Sex Scandal
News Corporation’s Bid For A Stake In YES Would Value Channel At $3 Billion
Cable Pioneer John Malone Says Sports Costs Are Out Of Control