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7h ago

Angels Complete Deal to Launch Team-Owned TV Network

Local TV customers keep access at no extra cost, reflecting a pivot from fixed rights fees to ad and subscription revenue.

Angels’ President John Carpino speaks during public comment at the Anaheim City Council meeting at City Hall in Anaheim on Friday, Dec. 20, 2019. (Photo by Kevin Sullivan, Orange County Register/SCNG)

Overview

  • The club has agreed to buy a portion of Main Street Sports Group to form its own channel, with a formal announcement expected early next week as final details are completed.
  • Southern California cable and satellite providers that carried FanDuel Sports Network will carry the new channel at no additional charge, and the network will also involve the NHL’s Kings.
  • Non-cable local fans can stream Angels games through MLB for $99.99, with out-of-market access unchanged at $149.99 and a $199.99 combo package available.
  • The on-air team returns intact and broadcasts are slated to begin with the regular season, with no Angels spring training telecasts this year.
  • The shift replaces guaranteed rights fees with ad sales and subscriber revenue, which owner Arte Moreno recently linked to at least $50 million in payroll cuts.