ESPN inks deal with NFL to acquire NFL Network and Red Zone Channel, which has a lot people talking. What does this really mean for the future of NFL Network? And what does this mean for Red Zone and NFL Fantasy?
00:04:25.500I believe the NFL won here because they were able to get the assets that they were having trouble getting viewership on cable and satellite.
00:04:36.020They've been cutting salaries of commentators.
00:04:38.180They've been trying to hone their message.
00:04:40.580And they've been – look at all the big contracts that they've been doing for sports, like college conferences, and the big contracts they're not doing for commentators.
00:04:59.500However, everybody else are trying to reduce the cost of the commentators and spend big on the sports property.
00:05:06.380And this is ESPN saying, I will take this for NFL.
00:05:09.400That gives me another something to show the viewer, and I'll give up 10% of ESPN.
00:05:14.460That shows you how desperate ESPN is for content.
00:05:18.000So the NFL won in something – I love that word, Pat.
00:05:21.600Both sides were desperate, but the NFL won.
00:05:24.140Yeah, and to me – so did ESPN give 10% to the NFL?
00:05:29.780Yeah, NFL now has 10% of what it's not worth.
00:05:32.600This isn't – okay, so it looks like you might be referencing to the recent deal, but to clarify, this isn't a 10% financial return like dividends or investment yields.
00:05:39.540Instead, it's just about ownership exchange.
00:05:41.600The NFL entered into an agreement to acquire 10% equity in investment, meaning they now own 10% in exchange for media assets.
00:05:47.320Okay, so let me tell you what I'm very uncomfortable with.
00:05:50.180Let me tell you what I'm very uncomfortable with.
00:05:52.100I'm very uncomfortable with the government owning 20% of CNN.
00:05:58.620I'm very uncomfortable if the government bought 20% of Fox.
00:06:02.000I'm very uncomfortable with anything owning a percentage of a company that's going to be forced to say good things about them when it comes down to an institution.
00:06:12.240Because NFL is essentially a form of a government, you know, for the sport.
00:06:19.940So I just looked up right now what assets does NFL own?
00:06:22.940Rob, if you can ask this question, what companies does the NFL own?
00:06:25.920They own NFL Films, NFL Network, NFL.com, NFL Mobile, Red Zone, NFL Plus, NFL Films.
00:06:30.640All these things that they own, NFL Ventures, right, and now you own ESPN 10%, isn't that an arm in a way where ESPN can no longer do a negative story on concussions?
00:06:43.140Isn't that a – I actually don't like the deal.
00:06:45.800It makes me feel very uncomfortable because the ESPN officially is not going to be criticizing the NFL because it's a product of theirs.
00:06:54.800I am very uncomfortable with the NFL owning 10% of ESPN.
00:08:27.280So if the NFL owns 10% of ESPN and the NFL, let's just say, listen, we're going to go with this woke, kneeling for the anthem, end racism and all that stuff.
00:08:36.060You guys have to talk positive about it?
00:08:46.000So it's kind of like, you know how, what is the whole thing that AOC is trying to get the insider trading with and Nancy Pelosi and all these guys that both of them are.