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DraftKings Could Have Eyes On Launching Streaming Platform

As their media acquisition list builds, rumors of DraftKings entering the streaming game are picking up steam.

MIchael Quirk

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Online sports book DraftKings has been making waves in recent months with its media acquisitions, and JohnWallStreet at Sportico posits it could be in hopes of a longer-term play into the world of streaming.

The company purchased sports betting radio network VSiN for close to $100 million in March, and agreed to a three-year, $50 million deal to partner with Dan Le Batard in April. Oppenheimer analyst Jed Kelly believes DraftKings will eventually dip their toes into the water of streaming, with JohnWallStreet opining it could be either a vMVPD service like YouTube TV or in conjunction with an established company such as ESPN.

Streaming options for DraftKings could make a lot of sense. As sports betting has emerged from the shadows and into the mainstream, adding sports betting mediums to streaming services appears to be a natural fit. Sports betting used to be something an uncle that lives out-of-town did that no one at the dinner table mentioned, but now there are shows such as The Daily Wager on ESPN with run-lines and over-unders accompanying the day’s sports slate on the bottom ticker. Allowing a viewer to see the live betting lines, trends, and upcoming action on the screen of their game, with the potential to bet from there as well, is a distinctive evolution yet to be seen in sports streaming.

DraftKings is at no shortage of cashflow with a reported $3 billion at their disposal. Whether they choose to enter the fray on their own, or find a partner to join with them remains to be seen. What we do know is a lot of smoke is rising in the streaming arena under new DraftKings chief media officer Brian Angiolet. This next step appears natural, and lest we forget, Amazon once started as a textbook company.

Sports Online

Mike Francesa: George Steinbrenner’s Idea to Put Mike and The Mad Dog On YES Network

“It was George’s idea. So give him credit for it. He wanted Mike and The Mad Dog as part of the CBS Radio contract, and we were.”

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Mike and The Mad Dog is often cited as one of, if not the, best sports radio shows of all time. The show saw an expanded reach with its partnership with the YES Network beginning in 2002. During his podcast Tuesday, Mike Francesa gave all the credit to the simulcast hitting the air on YES Network to the late Yankees owner George Steinbrenner.

“It was George Steinbrenner that came up with the idea of Mike and The Mad Dog being on the YES Network. No one else,” Francesa said.

“They came to us when they were negotiating a new radio deal with him and they said ‘Hey, we need a quick answer on this. Would you guys want to be on the YES Network every day, simulcasting? You know what Imus is doing with MSNBC? We wanna do it with you guys, but we need a very quick answer’.”

Francesa said the show airing on YES Network was a sticking point for the Yankees in negotiations with CBS Radio to continue airing the franchise’s broadcasts.

“Our first deal with them were not for a lot of money. Our later deals with them were for a very significant amount of money. But it was George’s idea. So give him credit for it. He wanted Mike and The Mad Dog as part of the CBS Radio contract, and we were. Our joining the YES Network was part of the CBS Radio contract.”

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Sports Online

Dave Portnoy Reveals Back-And-Forth With New York Times Reporter Who Claimed He ‘Did Not Provide Answers’

“You waited till (sic) your hit piece was done and now you just need to say you gave me a fair chance to speak even though you have no interest in the truth and your article is already written”.

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A story from The New York Times centered around “aging casino company” — Penn National Gaming — and its relationship with “degenerate gambler” — Barstool Sports founder Dave Portnoy — caught the eye of the face of the online outlet after the claim that he “didn’t provide answers”.

In the story, Steel claims “Penn and Barstool executives did not respond to repeated messages. Mr. Portnoy did not provide answers.” Portnoy brought the receipts to Twitter with a video of all of the correspondence he had with Times writer Emily Steel.

The alleged conversation takes place sporadically from May through November, with Portnoy offering to meet face-to-face with Steel for an interview that is mutually audio and video recorded, which Steel declines. She offered to meet Portnoy in New York for an audio recorded interview, which he declined, saying the interview needed to take place in Miami, because “I’m not running around to accommodate you at the 11th hour.”

He added “You waited till (sic) your hit piece was done and now you just need to say you gave me a fair chance to speak even though you have no interest in the truth and your article is already written”.

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Sports Online

Kareem Daniel Leaving Disney After Bob Iger Reassumes Role as Company CEO

“This is a time of enormous change and challenges in our industry, and our work will also focus on creating a more efficient and cost-effective structure.”

Jordan Bondurant

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Bob Iger is back as the CEO of Disney, and one of the first moves he made was to announce a company restructure. Part of that restructure includes the departure of Kareem Daniel, the chair of Disney Media and Entertainment Distribution (DMED).

DMED was formed under now-previous CEO Bob Chapek. The division manages Disney’s streaming services which includes ESPN+.

Daniel was considered one of those closest to Chapek. Iger announced Daniel’s departure in a memo to employees at DMED.

“It is my intention to restructure things in a way that honors and respects creativity as the heart and soul of who we are,” Iger said in the memo. “As you know, this is a time of enormous change and challenges in our industry, and our work will also focus on creating a more efficient and cost-effective structure.”

ESPN president Jimmy Pitaro will join other company leaders in coming up with a new company structure that Iger hopes “puts more decision-making back in the hands of our creative teams and rationalizes costs.”

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