Indie Wrestling Event to Draw 10,000 Fans, Largest Non-WWE Show Since ‘99

All-In

The largest indie wrestling event ever, entitled “All In”, will take place in Chicago on September 1st; when more than 10,000 fans attend a show promoted by Cody (formerly Cody Rhodes, WWE legend Dusty Rhodes son) and The Young Bucks (Matt and Nick Jackson). 10,000 tickets sold represents a significant accomplishment in squared circles (pun intended), as no pro wrestling promotion besides the WWE or WCW has drawn the figure since Lucha Libra in ’93; and there hasn’t been a promotion targeting English speaking fans to fill 10,000 seats since 1984. Sears Centre Arena (capacity 10,218) will host the self-financed event and the card will be comprised of stars from Ring of Honor (ROH), New Japan Pro Wrestling (NJPW), National Wrestling Alliance and Impact Wrestling. Tickets went on sale on Sunday May 13th and sold out in just 29 minutes.

Howie Long-Short: This is NOT a Ring of Honor event. Cody and The Young Bucks (stars within the ROH promotion) took all the financial risk associated with putting on the event, a gamble that appears will pay off. While the 3 wrestlers will profit on the event, it must be noted that “All-In” wasn’t designed to be a cash grab (the highest priced ticket was $153). Cody decided to put the event on when Wrestling Observer Newsletter editor Dave Meltzer tweeted that he didn’t think ROH could sell 10,000 seats. In other words, it was a “bet.”.

Ring of Honor is a subsidiary of the Sinclair Broadcast Group (SBGI). On May 9th, the company reported Q1 ’18 revenue grew 6.1% to $626.9 million. CEO Chris Ripley said, “advertising revenue was soft” (many stations not carry the Super Bowl or Olympics), but because the company’s “distribution revenues ($314 million) now make up approximately half its media revenues ($643 million)” the “business model very resilient to ad market volatility.” Shares are up 12.6% since reporting a “first quarter that came in well ahead of guidance in all key financial metrics.”

Fan Marino: In addition to Cody and The Young Bucks, New Japan Pro Wrestling (NJPW) Heavyweight Champion Kazuchika Okada, NJPW fan favorite Kenny Omega, NWA World Heavyweight Champion Nick Aldis and former WWE Heavyweight Champion Rey Mysterio will all be on the card. Rumors are circling that former WWE star turned MMA fighter, CM Punk, could also make his return to wrestling on the card.

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Wide-Spread Corruption Within Tennis’ Lowest Levels

Tennis

An independent task force has determined that “tennis is responsible for more suspicious betting than any other sport”, resulting from wide-spread corruption at the sport’s lowest levels. 14.5% of the 3,200 players polled in the investigation reported 1st hand knowledge of match-fixing. The review panel offered a dozen proposed solutions to curb match-fixing including; a ban that would prevent betting companies from participating as sponsors, discontinuing the sale of official live scoring data and the elimination of gambling on the game’s lower levels. It must be noted that the study did not indicate a “widespread problem” at the sport’s top level and found no evidence of cover-ups or collusion by International Tennis Federation (I.T.F.) officials. The final report will be released in its entirety this fall.

Howie Long-Short: The report incorrectly attributes the I.T.F.’s 2012 deal with Sportradar, (worth $70 million) to distribute live scores from low-level tournaments around the world, for the “tsunami” of corruption within the sport’s lower levels. While it’s true that the deal provided bookmakers with the ability to offer odds on Futures events, that market existed prior to the partnership. The insufficient prize money offered at Futures events is what make them susceptible to manipulation.

It’s simply misleading to insinuate the sport would be better off without Sportradar’s Integrity Services, as the report suggests. As Sportradar’s Director of Communication, Alex Inglot, told us last month, “we’ve identified over 3,506 matches (that have been manipulated) since 2009 and have initiated or supported well over 200 sporting sanctions and 24 criminal convictions.” You can read our full-length interview with Alex on preventing corruption, here.

While privately-held, there is one way to play Sportradar; EQT Holdings Management (EQGP). The publicly traded private equity/venture capital firm with 11 exits (IPO/M&A) to its name, invested $55 million into the company in July ’12. In October ’15 the company raised another +/- $45 million; Revolution led the round that also included Michael Jordan, Mark Cuban and Ted Leonsis.

Fan Marino: Speaking of Tennis, 2017 was a banner year for the Tennis Channel, no television network added more subscribers (12 million) and 2018 has gotten off to an equally strong start. In January, the network announced it would be doubling the number of live tournaments aired on its OTT service, Tennis Channel Plus. Then in March, the network reported subscriber revenue had grown +42% YoY. Viewership numbers were also impressive in March, as events at Indian Wells (+19%) and Miami (+21%) drew big YoY increases. The network has also added several high-profile sponsors in Q1 2018 including; BMW, Pfizer, Bristol Meyers Squibb, Clorox, Ford Motor Co., Weight Watchers, Alfa Romeo.

Sinclair Broadcast Group (SBGI) owns the Tennis Channel. Sinclair is awaiting the Department of Justice’s approval on its $3.9 billion acquisition of Tribune Media (and their 42 television stations). Should the deal be approved (SBGI just agreed to sell 23 stations to comply with FCC rulesSBGI would own channels in 215 networks in over 102 markets (in an unprecedented 70%+ of the country).

The company has had a rough start to 2018, as its share price has declined +/- 30% over the last 90 days (since Jan. 19). Its “fake news” scandal, certainly didn’t help.

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New Deal Gives Tennis Channel Exclusive Broadcast Rights to 21 ATP Tour Stops

TC_logo

Tennis Channel has agreed to multi-year extensions with the ATP World Tour (tennis’ governing body) and ATP Media (tour’s broadcast arm), ensuring the network of exclusive broadcast rights to 21 ATP Tour stops (Masters 1000 & 500 events) and the season-ending Nitto ATP Finals (non-exclusive). Matches will air on the linear cable network and via authenticated digital stream on Tennis Channels’ affiliated OTT service, Tennis Channel Plus (for the 1st time); combined they’ll carry every round of all but a handful of men’s tournaments (Indian Wells, Miami & Nitto ATP Finals). Under the terms of the new deal, Tennis Channel will be granted expanded video-on-demand rights and increased network access to classic matches. Terms of the deal were not disclosed.

Howie Long-Short: Tennis Channel is owned by Sinclair Broadcast Group, Inc (SBGI). Sinclair is awaiting the Department of Justice’s approval on its $3.9 billion acquisition of Tribune Media (and their 42 television stations). Should the deal be approved (it likely will be, though SBGI may be forced to sell a few stations to comply with FCC rules) SBGI would own channels in 233 networks in over 100 markets (in an unprecedented 72% of the country). Back on November 1st, the company reported Q3 net income fell 39.7% (to $30.6 million); hurricanes Harvey and Irma, a loss of certain technical school advertisers and one-time acquisition related charges (see: Bonten Media) blamed for the negative differential. The company is expected to report Q4 ’17 and full-year ’17 earnings on February 28.

Fan Marino: Fans in NYC will get to see Serena Williams live as she plans to participate in March’s Tie Break Tens tournament, the first of its kind in the U.S. The short-form one-day knockout tournament (each match is a super tie-break to 10 points) will be held at Madison Square Garden. 8 competitors will participate, including Serena’s older sister Venus Williams.

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Stadium Partners with Facebook, 47 College Basketball Games Will Air Exclusively on Watch

Facebook continues to add live sports programming to its Watch platform, announcing a partnership with Stadium that will enable the social network to exclusively live stream 47 college basketball games this season. Stadium, a multi-platform sports network, will tailor the stream to the Facebook audience; communicating with fans in real-time and implementing social elements to the broadcast. The companies have aired 13 football games together this fall; generating over 10 million views. FB is paying Stadium for the rights to air the games, though terms of the deal have not been released. There is no cost for fans to stream the games.

Howie Long-Short: Stadium was created from a merger of Campus Insiders (live games), Time Inc.’s (TIME) 120 Sports (studio operations) and the Sinclair Broadcast Group (SBGI)-owned American Sports Network (distribution). SBGI reported a 3.3% YOY drop in Q3 earnings, but it hasn’t been all bad news for the company of late. The FCC just voted to relax rules limiting broadcast and print media ownership in a single market. That decision, combined with Bruce Karsh’s (Tribune Media Chairman) recent resignation, would seem to indicate that the company’s purchase of TRCO is likely to be approved by regulators. SBGI expects the sale to close by early ’18.

Fan Marino: The 47-game slate includes some compelling teams, 11 of which made the 2017 NCAA Tournament; Dayton, Saint Mary’s, Middle Tennessee State, Nevada, Florida Gulf Coast, Wake Forest, Rhode Island, U.C. Davis, VCU, Minnesota and New Mexico State. #14 Minnesota, #21 St. Mary’s and R.I. are the best of the bunch. It also includes three first-round Mountain West tournament games and two quarterfinal Conference USA matchups. You can find out if your team is on the schedule, here.

Facebook will stream exclusively 47 college basketball games this season

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