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You down with O-T-T? Direct-to-consumer options at sports media forefront – CBC.ca

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Sports fans have never had as much choice when it comes to watching live events as they do right now. The remote control — and the wallet — are getting workouts because of it.

Longtime rivals Sportsnet and TSN remain power players on a Canadian sports broadcasting scene that seems to be changing by the day. Other competitors also made their mark over the last year with consumers spreading their dollars around to enjoy the convenience and wide-ranging choices now available.

Canadian tennis player Bianca Andreescu’s early-season success helped build the DAZN brand in Canada. The CBC, meanwhile, has ramped up its coverage of domestic leagues and amateur sport in the leadup to the 2020 Olympics and Paralympics in Tokyo. The network regularly shows free live streams of sports such as alpine skiing, rugby seven tournaments and figure skating and recently signed a three-year partnership with the Canadian Elite Basketball League to stream its games on the CBC platform.


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Factor in a bevy of online options and viewers have a sporting smorgasbord at their disposal.

“There is so much choice out there that has never existed (before),” said Keith Pelley, a longtime Canadian sports media executive who’s now CEO of golf’s European Tour. “That’s the reason why (1970s variety show) Donny & Marie had a 60 share. It was because there was very limited choice.”

Many sports consumers still pay for traditional cable while others pick and choose online packages — direct-to-consumer, or over-the-top (OTT) — and subscribe by the year, month, week, or even the day, depending on the event and the outlet. Broadcasts are available on laptops, digital media players, desktops, smartphones, and of course, old-school television.

The game has changed over the last few years and more developments can be expected as the domestic sports broadcasting scene evolves.

‘Always be changing’

“I always say A, B, C: Always be changing. If you’re not, then you definitely run the risk of falling behind,” Pelley said from Surrey, England. “But there’s no question that you know what (viewers) want, they want unlimited choice. But also you have to understand that different demographics want different things.”

Former Sportsnet president Scott Moore, the CEO of media company Uninterrupted Canada, predicts that direct-to-consumer options and sports betting will be the two biggest developments that will impact sports broadcasts over the next five years.

Moore, speaking at the recent PrimeTime sports management conference in Toronto, said direct-to-consumer is a game-changer with its “ultimate bandwidth.”

“Every sport, every game, every contest can be broadcast and broadcast in multiple ways to multiple different end points,” he said. “So if you’re a consumer, you can watch on your big-screen TV, you can watch on your tablet, you can watch on your phone. You can watch the English broadcast, you can watch the Punjabi broadcast, you can watch the Japanese broadcast.

“Soon you’ll be able to watch a broadcast that is brought to you by regular commentators, you’ll be able to watch a broadcast that’s all about sports betting, you may be able to watch a broadcast that is specifically targeted to high-end stats geeks.”

Moore added that in traditional prime time there can be limited shelf space, but an unlimited schedule really opens things up.

“So that’s the one area that I think is just going to have an explosion effect on sports media,” he said. “The other is sports betting. Sports betting, as it becomes legal in Canada — and I believe it will be legal in Canada in the next two years — will impact every part of the sports ecosystem.”

Moore’s successor at Sportsnet, Bart Yabsley, said the live nature of sports is tough for other forms of entertainment to match.

Ability to draw millions

“It has the ability to draw millions and millions and millions,” Yabsley said in a recent interview. “We all saw what happened during the Blue Jays’ run (in ’15 and ’16). We all saw what happened during the Raptors’ run (last spring). There’s almost nothing else like it.”

Sportsnet landed the national hockey rights in 2013 with a monster $5.23-billion, 12-year deal with the NHL. The network also has rights to the Toronto Blue Jays, Grand Slam curling, Rogers Cup tennis, IndyCar and the Canadian Hockey League.

The Toronto Raptors’ rights are split between Sportsnet and TSN, which also boasts a solid lineup with regional NHL rights, the world juniors, CFL, Season of Champions curling, golf and tennis majors along with Formula One and NASCAR.

Moore, who like Pelley has worked at both Sportsnet/Rogers and TSN, said when it comes to evolution, smart legacy players with strong brands have the best chance to succeed.

“They’re the ones who not only have the brand, who have the audience, who have the following, but if they’re on top of the evolutionary technological changes, they can still win. It’s not going to be just the upstarts,” he said. “And I think if you look at some of the upstarts that have come out in the business as it relates to sports — Twitter, Facebook, Amazon — have been abject failures at revolutionizing the way traditional sports are broadcast.

“They’ve all tried to do traditional broadcasts and they’ve all failed at them. And the legacy players are back doing most of the broadcasts and using those other platforms as additions to their broadcasts.”

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Sunday January 17th 2021 Media Release – Brandon Police Service – Brandon Police Service

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Media Release for January 17th

Theft of Vehicle

Police received a report that a vehicle that had been left running was stolen from the 200 block of 10th Street at approximately 7:00PM January 16th.  Police located the vehicle on Victoria Avenue a short time later.  When police attempted to stop the vehicle it fled and a short pursuit was initiated.  The vehicle ended up in the ditch on Hwy 1 west off Brandon and while police were attempting to make an arrest, the vehicle intentionally collided with a police vehicle and fled eastbound on Hwy 1.  The stolen vehicle was later recovered by the RCMP abandoned in a field in the area of Minnedosa.  No Police Officers were injured during this incident. 

Theft of Vehicle

A vehicle was reported stolen from a driveway in the south part of the city.  The Ford truck had been left with the keys inside the vehicle and unlocked.  The vehicle was recovered with the assistance of an App the owner had installed that located the vehicle in the 000block of 26th Street.

Assault

A 43-year-old Brandon Male has been charged for assaulting a member of Brandon Fire and Emergency Services.  First responders were treating the male who was reported to be having breathing difficulties when he became disruptive and began intentionally coughing on BFES members and proclaiming that he was COVID positive.  Police took the male to hospital for treatment of his medical issues.  He has been released from police custody to appear in court March 1st 2021.

Anyone with information on any unsolved crime is asked to call Brandon Crime Stoppers at 204-727-(TIPS) 8477, www.brandoncrimestoppers.com or by texting BCSTIP and your message to CRIMES (274637).  Crime Stoppers pays up to $2000.00 cash for information that leads to the solution of a crime.

CRIME STOPPERS 204-727-TIPS

RELEASE AUTHORIZED BY:

Sgt. B. Verhelst #106

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More Media Coverage Drives Improved Stock Performance, Researchers Find – Forbes

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In turns out that stocks that attract consistent headlines offer better returns to investors of around 2.6% a year over past decades according to research.

Two researchers have published a paper on this topic of the ‘Value of Visibility’, they are Alexander Hillert of Frankfurt University and Michael Ungeheuer of Aalto University. They analyzed stock performance based on New York Times

NYT
coverage from 1924-2013 along with other relevant datasets.

They find that stocks that attract news coverage can see other benefits too. Such stocks can see higher growth in sales and profitability, as well as improvements in corporate governance.

It also appears that CEOs who perform poorly at companies with high media exposure are more likely to lose their jobs. This may not be good for them, but is considered to be good for the stock price. This may be one way in which more media coverage drives stock performance.

Types Of Coverage

The media coverage that can help drive stock performance does not need to be positive. Even stocks that receive negative media coverage generally see more positive stock price performance than those stocks that see less media attention.

There is significant variation in which firms see New York Times coverage, about 30% to 60% of firms receive some coverage annually. The rate of coverage has actually declined over time as the New York Times has shifted focus away from covering company’s financial reports to a great focus on other news events.

Controlling For Factors

Of course, it’s important to be careful when examining media coverage because it can correlate with other factors. For example, larger companies generally receive more media coverage. So maybe company size is the real driver of this effect, not media coverage. However, the researchers control for this, and do find that media coverage does appear to be a driver of returns, even after other factors are controlled for.

Motivation

A secondary question is why increased media coverage should lead to improved stock price performance.

The researchers suggest two main effects here, building on prior research by Philip Tetlock. There may be two ways in which greater media coverage help firms. The first is essentially free advertising. More media coverage can drive demand for company’s products and services. They find support for this view. So the greater media coverage may help improve sales and profits.

Secondly, media coverage can improve governance. It’s likely harder for a company to commit fraud or retain an underperforming CEO when they have more media attention. The researchers find support for this view too.

It also appears that this effect may still occur today. The researchers split their dataset and found the effect to be just as strong after 1974 than before. They also looked at Wikipedia page views in recent years from 2009-2014 as a proxy for more recent media attention. They found that Wikipedia page attention too, was a good predictor of stock price performance. Therefore, the effect may still exist today and likely spans multiple forms of attention that companies receive, not just newspaper coverage by the New York Times.

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More Media Coverage Drives Improved Stock Performance, Researchers Find – Forbes

Published

 on


In turns out that stocks that attract consistent headlines offer better returns to investors of around 2.6% a year over past decades according to research.

Two researchers have published a paper on this topic of the ‘Value of Visibility’, they are Alexander Hillert of Frankfurt University and Michael Ungeheuer of Aalto University. They analyzed stock performance based on New York Times

NYT
coverage from 1924-2013 along with other relevant datasets.

They find that stocks that attract news coverage can see other benefits too. Such stocks can see higher growth in sales and profitability, as well as improvements in corporate governance.

It also appears that CEOs who perform poorly at companies with high media exposure are more likely to lose their jobs. This may not be good for them, but is considered to be good for the stock price. This may be one way in which more media coverage drives stock performance.

Types Of Coverage

The media coverage that can help drive stock performance does not need to be positive. Even stocks that receive negative media coverage generally see more positive stock price performance than those stocks that see less media attention.

There is significant variation in which firms see New York Times coverage, about 30% to 60% of firms receive some coverage annually. The rate of coverage has actually declined over time as the New York Times has shifted focus away from covering company’s financial reports to a great focus on other news events.

Controlling For Factors

Of course, it’s important to be careful when examining media coverage because it can correlate with other factors. For example, larger companies generally receive more media coverage. So maybe company size is the real driver of this effect, not media coverage. However, the researchers control for this, and do find that media coverage does appear to be a driver of returns, even after other factors are controlled for.

Motivation

A secondary question is why increased media coverage should lead to improved stock price performance.

The researchers suggest two main effects here, building on prior research by Philip Tetlock. There may be two ways in which greater media coverage help firms. The first is essentially free advertising. More media coverage can drive demand for company’s products and services. They find support for this view. So the greater media coverage may help improve sales and profits.

Secondly, media coverage can improve governance. It’s likely harder for a company to commit fraud or retain an underperforming CEO when they have more media attention. The researchers find support for this view too.

It also appears that this effect may still occur today. The researchers split their dataset and found the effect to be just as strong after 1974 than before. They also looked at Wikipedia page views in recent years from 2009-2014 as a proxy for more recent media attention. They found that Wikipedia page attention too, was a good predictor of stock price performance. Therefore, the effect may still exist today and likely spans multiple forms of attention that companies receive, not just newspaper coverage by the New York Times.

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