The Pac-12 Conference today announced it is teaming up with ESPN and FOX Sports Media Group on a landmark agreement for a broadcast and national cable television package that extends and expands long-time partnerships with both media companies.
Although terms of the ESPN and Fox Sports agreements were not disclosed in today's announcement, Commissioner Larry Scott called it a “landmark deal” on several fronts. He pointed out that the Pac-12’s member institutions would, for the first time ever, share equally in the revenue from the new arrangement, and that the equal revenue distribution would start immediately when the deal goes into effect in 2012.
Other sources reported yesterday that the Pac-12 will receive about $3 billion over 12 years by selling most of its top football and basketball games to Fox and ESPN. Each school will receive an average of $21 million per year -- four times the amount generated from existing contracts with Fox and ESPN.
The Pac-12 also announced the formation of a Pac-12 Network, which will include television and digital platforms that will air events not shown by ESPN and Fox. Other sources report that the network is scheduled to launch in August 2012.
Under the new deal with Fox and ESPN, every football and men’s basketball game will be televised, along with most women’s basketball games. All football and men’s basketball not on Fox or ESPN groups will be on Pac-12 TV and/or digital networks.
You can learn more here:
- The Pac-12 announcement
- The Pac-12 press conference video
- An article from the San Francisco Chronicle about the forthcoming deal.
No comments:
Post a Comment