Will Coronavirus Break the $50 Billion Sports Media Industry?
Sports fans are paying for games that aren’t happening. Will that ever stop?
As sports leagues weigh when to restart their seasons, they are talking to health officials, players, talent agents, TV networks, local governments and hotel workers. One group not part of the talks? The fans.
Tens of millions of people are paying for basketball, hockey and baseball that isn’t being played. Some are paying for tickets, which are just starting to be refunded. And many more are paying for TV networks, which are not being refunded. At least not yet.