Comcast vs. Astros vs. Rockets went WWE hell in a cell style
as they entered Judge Marvin Isgur bankruptcy court on Monday. While I did not
attend the whole court case I did come away with some new knowledge and here
are the things I learned. Since I am not a legal EE’s expert my opinion is
strictly as a 3 year old…..
Things I learned today…..
CSN Bay area was owed 43,000 plus and became a key competent
in this Bankruptcy hearing all because of “dual feeds” now what is a dual feed.
It was explained that Dual feeds is TV lingo for the home team sharing their
large and small production van with the away team to help save money. So since
they were not paid they were able to become a part of the Bankruptcy petition.
The media rights fees were also learned, 45 million to the
Rockets and 55 million to the Astros. I don’t know but I can assume the Rockets
were paid all last season but apparently Comcast ran out of money and did not
pay the Astros for the months of July and August. It was also learned that from
John Ruth a CSN board member that Direct TV is a “Wild card” in terms of will
they or won’t they want the channel. It was also learned most other TV
providers had no interest in the RSN (Regional Sports Network).
The more interesting part of the night was towards the tail
end of the night Judge Isgur asked John Ruth point blank could the Astros find
better out there and he said and his response was no…. The judge also followed
what about Fox? Ruth replied I am not sure, which leads to maybe the judge
could be thinking about breaking this all up and letting them all go their own
way.
After Ruth was finished with his questioning the next
witness was brought up Margaret Barradas, who is the managing director for Crane
Capital. During her questioning it was learned that Comcast would lose 200
million over the next 10 years.
Collusion was the word I took away from court during the
mere 2 and hours I spent listening to testimony back and forth and even the
judge used the same word, making it seem more and more likely this marriage
could be heading to divorce court sooner rather than later.
Court will resume today and while I am not sure I will be
make sure to follow David Barron as he will be there covering all the minute by
minute baby momma drama that is, will we ever see the Astros OR Rockets on TV?
No comments:
Post a Comment