David Rosenthal: disagreement

Transcript context

…So Nimbus does not have the broadcasting rights. How do they get sold? So Nimbus, they’re out. Star is still out because another amazing Lalit quote, he just doesn’t let bygones be bygones. He’s talking about how he sets up the broadcasting rights auction. “Rupert Murdoch, I had blacklisted. I would never allow him in due to what had already happened. So I blacklisted Rupert Murdoch.” Amazing. This was 10 years ago that that happened. ESPN and Disney Corporate says that they are interested in bidding on these rights separately from Star, which they’re already a JV in, but they think this is so interesting that they’re interested in bidding. Ultimately though, they can’t get comfortable enough to put an actual bid in. They say, we will broadcast it over the top as Disney (soon to be Disney+ in the coming years), but we’re only going to do it on a rev share basis. We won’t give you cash up front. We’ll just share advertising revenue with you. Obviously, that’s not what Lalit wants because he needs the cash to have the central sponsorship guarantees, central media guarantees out to the franchises. Right, because if no one’s going to bid on one of these teams for $80 million, unless somebody is guaranteeing you, there is media revenue there.…

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