Streaming Shuffle

Streaming Shuffle

I'm Ludo Lugnani and this is the ZipLaw Roundup! We explain how the top stories of the week impact law firms and their clients so you can stand out in interviews and applications.

Are you new here? Get free emails to your inbox.

Here’s what we’re serving today:

  • 🏈 Sports streaming is changing, big time
  • 🏘️ The Top risk in Real Estate
  • 🇬🇧 UK's interest rate dilemma
  • 🇮🇳 India's rice move spells trouble
  • 🏦 Rise of Shadow Banking

Streaming Shuffle

In Short: Disney, Fox, and Warner Bros Discovery are joining forces to create a streaming platform for sports, potentially revolutionising how Americans watch their favourite games.

What’s going on?

Picture this: The Super Bowl, Wimbledon, and all your favourite sports are leaving the old-school TV behind and sprinting towards streaming. That's right, the big trio of American sports programming—Disney (yep, the ESPN folks), Fox, and Warner Bros Discovery—are huddling up to launch a new streaming service this fall.

But why now? Well, while the rest of TV land has happily made the leap to streaming, sports have been loyally sticking by cable's side. This new platform aims to change the game by offering a huge range of sports content, from the gridiron glory of the NFL to the rallies of Wimbledon tennis.

Why does it matter?

With streaming gobbling up more viewership than broadcast and cable TV combined, sports were the final frontier. This platform could be the bridge that finally brings sports fanatics to streaming shores. Plus, the price point could be the game-changer. At a predicted $35 a month, it could be way below what cable's charging for a full sports package.

There's a catch, though. Will this dream team play nice together, or will it be a case of too many cooks in the kitchen? The initiative could stumble due to tangled ownership. And let's not forget the antitrust regulators who might blow the whistle on this play.

Hulu of Sports' Service Will Test Consumer Loyalty to Cable - BNN Bloomberg

For Disney, Fox, and Warner Bros Discovery, it's a bold move. They're risking the cable cash cow for a shot at the streaming-only crowd. But with sports' unending cycle of seasons, they're betting people won't want to hit the cancel button. And if they can play ball together, they might just outmanoeuvre the tech giants elbowing in for a piece of the sports pie.

⚖️ How does this impact Law Firms?