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cover of episode Investing in Sports: A New Media Model

Investing in Sports: A New Media Model

2024/11/22
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Goldman Sachs Exchanges

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The soaring valuations of sports teams are largely driven by media rights deals, with the NBA's latest deal worth $76 billion over eleven years highlighting the value of live sports content.
  • Media rights deals are a major driver of sports team valuations.
  • The NBA's latest deal is worth $76 billion over eleven years.
  • Tech platforms are increasingly involved in sports broadcasting, displacing legacy broadcasters.

Shownotes Transcript

Sports is one of the few forms of premium live content available today, but how fans consume these games or matches is being significantly disrupted. In the second episode of a four-part series on the changing dynamics in the business of sports, host Nicole Pullen Ross discusses the new sports media landscape with Dave Dase, Global Co-Head of Sports Investment Banking, and Gene Sykes, Co-Chair of Mergers and Acquisitions and Co-Chair of Global Technology, Media and Telecom.** **They discuss what makes sports content so valuable, the tension between the legacy broadcasters and tech platforms, the shift to direct-to-consumer product offerings, and how this disruption will influence the game itself. Nicole Pullen Ross is Head of Sports and Entertainment for Goldman Sachs Private Wealth Management. She is also Head of the Private Wealth Management business for the New York region at Goldman Sachs.