For the sports-entertainment business, coronavirus is taking a huge toll

For years, U.S. television networks have spent increasing amounts of money on “sports packages,” paying billions of dollars for the rights to show baseball, basketball and other sports exclusively. The exorbitant fees were justified because live contests offered a unique asset — unskippable real-time drama in the age of DVR. But that major virtue of immediacy is now proving to be sports-television’s great weakness.

Source: For the sports-entertainment business, coronavirus is taking a huge toll

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