ESPN’s strategy on streaming is very interesting. They’ve had to contend with declining cable TV subscriptions by cord-cutters. So they’ve launched ESPN Plus as their streaming service.
They’re using a modest monthly subscription rate model, similar to what Netflix and Amazon Prime are doing. They’ve included specific properties on the ESPN platform and things like their impressive stable of 30 for 30 documentaries. It’s a renowned award-winning series.
Following ESPN strategy for students of Sports Management Education
For ESPN, this is a way to go after the segment of super avid fans of multiple sports-sports junkies who will try anything sports-related. You can make the case that these fans are not served by today’s TV offerings. But there are different strategies out there.
A Different Approach to Media Sports Management
For example, Bleacher Report, a Turner Sports brand, has tried to price specific properties in an a la carte model, like the Champions League games or the pay-per-view Tiger Woods, Phil Mickelson golf matches. There are really different approaches. You’re seeing different media companies experiment with alternatives.
Now Is the Time for an Online Sports Management Education
The media landscape is changing dramatically. It’s one of the biggest areas of change within the whole sports ecosystem. We’re seeing big changes in the way linear TV is perceived. Linear TV viewing is down. Cord cutters are prevalent. We’re seeing direct-to-consumer, over-the-top networks proliferating. Whether they emerge in a specific sports league, or they’re banded together by legacy media companies, like ESPN with their ESPN Plus brand. It’s a very exciting time right now. It provides a wonderful opportunity for those who want to enter the sports media business.
