+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Steve Ballmer reportedly wants to air Clippers games on a new streaming service instead of TV

Aug 28, 2015, 19:30 IST

Mark J. Terrill/AP

Los Angeles Clippers owner Steve Ballmer turned down a $60 million per year local broadcast rights offer from Fox because he wants to air the team's games on a new standalone streaming service, Claire Atkinson of the New York Post reports.

Advertisement

The Clippers' current local TV rights deal with Fox Sports Prime Ticket, which expires after this season, pays them $25 million a year. According to Atkinson, Fox proposed a 140% hike in rights fees, but Ballmer turned it to down.

"He's looking at a [digital] subscription channel," a source told the paper.

If we assume for a second that this isn't a negotiating ploy (a big assumption), it looks like Ballmer's move is more about breaking new ground than a simple revenue calculation.

That $60 million per year would be the second-biggest local TV deal in the league. While much of the TV industry is in decline, you're still doing pretty good if you're in a position to sell live sports rights. The NBA's new national TV deal with ESPN and TNT nearly tripled the annual value of the old deal. The latest rights deals for the NFL, EPL, and college football saw similar jumps.

Advertisement

A source told the Post that it'd be tough to surpass $60 million with a subscription model:

"Ballmer is going to want to explore his option on the tech side, but the cable model is still a pretty reliable source of revenue. If they go OTT [over-the-top], they're taking an enormous risk, and they're not the most prominent team in LA - they are second-best."

Every NBA team has a local TV broadcast deal, though the league will introduce a paid service for individual out-of-market games next season.

NOW WATCH: Examples of Michael Jordan's insane competitiveness

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article