The reason sports and ESPN are so valuable is because demand to watch a game expires immediately when the game ends. That means ESPN can charge what it wants because it controls the feed.
Imagine a world where people were just as happy to watch an old sportsball game as they are to watch an old episode of Mad Men. ESPN would be nothing.
The reason sports and ESPN are such valuable commoditis is because the value of a sports game expires immediately when the game is over. That means they can charge what they want because they control the feed.
Imagine a world where people were just as happy to watch an old sportsball game as they are to watch an old episode of Mad Men. ESPN would be nothing.
The reason sports and ESPN are such a valuable commodity is because its value immediately expires. That is to say, nobody wants to watch a game after the instant that someone wins. That means they can charge what they want because they control the feed.
Imagine a world where people were just as happy to watch an old sportsball game as they are to watch an old episode of Mad Men. ESPN would be nothing.