Case study 17-1
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1.
Identify the effects of the various marketplace changes and the risk factors identified in
this chapter on ESPN, and rank those potential effects on ESPN.
Risk factors that were identified in this chapter were declining subscribers, decreasing ratings,
rising sports rights fees, workforce layoffs, political controversy, and sexual harassment claims.
There was a loss of approximately 12 million subscribers between 2013 and 2017, this can have
a serious impact on several businesses, ESPN included. When losing this many subscribers there
was a serious drop in annual revenue. Low ratings is also another risk factor, the ESPN ratings
went down 7-11% in a year, which can reduce advertising revenue which then can result in a
disinterest from viewers. ESPN’s has many long term agreements with major sports leagues, this
has significantly increased its annual rights fee obligation. This financial strain can affect the
ability for ESPN to invest in other content they may want to invest in. Workforce layoffs are
another big factor, ESPN laid off 550 workers, this can indicate the many financial challenges
they faced. Political controversy has caused ESPN to lose advertisements due to the fact that
some stated that they were making political comments rather than sports related comments
during some games. Claims of sexual harassment can harm the networks reputation and lead to
legal and financial repercussion, including settlements and potential damage to sponsor
relationships. I would rank these potential risks:
1.
Declining subscribers
2.
Rising sports rights fees
3.
Decreasing ratings
4.
Workforce layoffs
5.
Political controversy
6.
Sexual harassment claims
2.
Based on ESPN’s business model as of 2017–a $7.25 per month subscription fee, paid by
88 million cable/DBS subscribers, producing 75% of ESPN’s revenue– construct an
alternative model (including existing revenue sources as well as new sources) to generate
equivalent revenue.
Digital subscription services: Increasing the number of digital products it offers, like the
subscription-based streaming service ESPN+, may help it draw in more customers and boost
earnings.
Advertising innovation: Increasing advertising revenue can be achieved by implementing
targeted advertising and investigating new forms of advertising. ESPN might spend money on
data analytics as well to enhance ad targeting.
Merchandise licensing: ESPN may enter the merchandise and licensing market by using its brand
to sell branded goods and content rights.
E-sports and gaming: ESPN can provide competitive gaming-related events and content to draw
in younger viewers and possible sponsors by leveraging the expanding e-sports and gaming
industries.
3. If other networks besides ESPN also incur revenue losses that result in less revenue being
available for rights-fee payments, what would be the consequences for the sports industry?
Reduced Player Salaries: There could be disagreements between players' associations and league
management if sports leagues are forced to reduce player salaries.
Increased Competition for Sponsorships: The competition for sponsorships may get more intense
as networks compete for a smaller pool of advertising dollars, which could result in higher costs
for advertisers.
Potential league restructuring: Leagues may need to review their revenue-sharing plans and look
into other sources of funding, which may require adjusting the organizational and operational
frameworks of the leagues.
Decline in Production Quality: Networks with smaller budgets may see a decline in production
quality, which would affect viewer experience and lessen the value of sports content.
In recent years, ESPN has had to deal with a number of issues, such as decreasing ratings, a
decline in subscribers, an increase in sports rights fees, layoffs, political scandals, and allegations
of sexual harassment. The effects of these issues have varied, but the two most significant ones
are the decline in subscribers and the increase in sports rights fees. ESPN could investigate
alternate revenue streams like digital subscription services, inventive advertising, global
expansion, merchandise and licensing, and e-sports in order to produce comparable revenue. For
ESPN to continue dominating the sports television market, it will need to adjust to these
challenges.
Hums, M.A. (2018).
Principles and Practice of Sport Management.
Burlington: Jones and
Bartlett Learning
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