Pink's Bottom Line on Media, Money and Sports

Baseball video streaming network, China's economy and the NFL's Jacksonville Jaguars

In today’s newsletter, I discuss a possible nationwide baseball video streaming network, China's economy and the NFL's Jacksonville Jaguars.

MEDIA: Baseball Video Streaming Network

Major League Baseball (MLB) reportedly is considering a national streaming network for baseball games.

According the a story in The New York Post, MLB could launch such a service as early as 2023.

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Notably, that service would includes games of hometown teams — in other words, New York subscribers could watch Yankees and Mets games on this service instead of subscribing to cable television.

However, according to that story, the MLB is in talks only about this video streaming service.

If indeed such a video streaming service launches, it could impact cable television subscriptions in major sports markets and it could give a boost to declining national viewership of baseball games.

MONEY: China’s Economy

China’s economy grew 4.9% last quarter compared to the fourth quarter of 2020, according to government data from the country as reported by the Associated Press.

Notably, growth from the third quarter of this year compared to the second quarter of this year was essentially flat, reflecting a weaker overall economy in China.

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China’s economy is struggling on a number of fronts related to the pandemic and from recent government actions, which both apparently are causing the manufacturing and construction sectors to slow.

China’s economy will still likely slow further for the foreseeable future though its overall growth rate still tops that of most developed economies.

SPORTS: Jacksonville Jaguars

The Jacksonville Jaguars beat the Miami Dolphins Sunday 23-20 on a last second field goal ending Jacksonville’s 20-game losing streak dating back to the first game of the 2020 season.

The Jaguars now have a 1-5 record, and if the Tennessee Titans lose tonight to the Buffalo Bills, Jacksonville remarkably will be only two games out of first place in the very weak AFC South.

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Jacksonville has played several close games this year — the team actually led the unbeaten Arizona Cardinals in the third quarter of their game in Week 3 — and the Jaguars have mostly been competitive all season.

The Jags have a bye week next week, and then play the Seattle Seahawks without their starting quarterback Russell Wilson in Week 8 — that could be Jacksonville’s second win of the year.

Look for Jacksonville to string together a decent record for the rest of the season, and while the team probably won’t challenge for the division title, they will win a lot more games than most anticipate.

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Jeremy Pink is currently COO of Geniecast, a leading virtual content and experience company. He is the former CEO of private-equity backed Broadcast Sports International where he helped lead the company to a successful sale and exit during his tenure there. He is also a former CNBC television executive in New York, London and Singapore.

The information contained in this communication is strictly for general informational and entertainment purposes and is not meant to be construed as financial, investment, tax, or legal advice. This communication is not a solicitation to buy or sell any securities. I am not a financial advisor or offering professional advice of any kind. Users should not act upon the content or information found within this communication without first seeking professional advice appropriate for their individual situation. Decisions based on information contained in this communication are the sole responsibility of the user, and use of this communication and its contents constitutes an explicit understanding and acceptance of the foregoing disclaimers.

(Newsletter Editor: Karina Pink)