Murray Barnett

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Murray Barnett

Murray Barnett

@MurrayBarnett

Passionate about the business of sport. NBA/ESPN/World Rugby/F1/26West Sport. Also music, Spurs, media musings, tv, film & randomness.

In transit.. Katılım Ağustos 2011
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Murray Barnett retweetledi
Yannick Manuel Ramcke
Yannick Manuel Ramcke@YannickRamcke·
🔝​ In light of the expected announcement of YouTube as a​nother "preferred platform" partner for FIFA, I am resurfacing my initial analysis from the TikTok partnership​ from earlier this year. As discussed in this week’s episode of The Bundle by @UnffclPrtnr, the core analysis still applies: FIFA is extracting ​net-new value from ​free-riding digital platforms. However, there are no material changes yet, as FIFA’s primary offering remains its "stamp of approval"​ —​ likely worth eight figures​ each. The ultimate impact depends on follow-up agreements between platforms like TikTok and YouTube and the rights-holding broadcasters in each market​ (if any). ​🤷‍♂️​ Why it may not matter: Such agreements could have existed for ​any previous World Cups, ​b​ut have rarely evolved beyond broadcasters posting non-live content​ (especially post-match highlights) to social media​. ​ A​lso on this week's podcast​, @MurrayBarnett and I explored FIFA's other new monetization initiative: selling betting streaming rights for a World Cup for the first time. This likely represents another high eight-figure sum ​i​n FIFA​'s pocket​ — but raises important questions regarding the convergence of media and betting streaming rights. ​​☝️​ Why it matters: While the media segment remains dominant, its growth has slowed due to structural challenges. The most significant shifts in FIFA’s economics are now driven by hospitality​ + ticketing​ (expanded match inventory), and marketing sponsorships. 🔗 Link to the podcast here: podcasts.apple.com/gb/podcast/up5…
Yannick Manuel Ramcke tweet media
Yannick Manuel Ramcke@YannickRamcke

There’s been some confusion* around FIFA’s new, non-exclusive “Preffered Platform” program — due to both the 🆕 newness of the programme and the 📣 PR spin added by the involved parties: It’s a simple mean for FIFA to capture downstream revenues which they historically missed out on: ❌ FIFA disintermediated: When a rights-holding FIFA broadcaster (= media partners) decided to publish live, highlights, or off-field video footage related to FIFA tournaments on their social media channels, FIFA didn’t participate in any of the value exchange (except for the upfront, mostly flat-fee licensing costs paid by the rights-holding broadcasters). Most such value was captured by the platforms (for free and without risk), while broadcasters could often not afford to not use these mass-reach vehicles provided by the Googles, Bytedances and Facebooks of the digital world. 💰 FIFA’s ransom demand: What’s happening now is that each platform (such as TikTok, YouTube, Instagram), which wants to remain eligible/whitelisted to be used by rights-holding broadcasters for FIFA - licensed content must pay FIFA directly for that privilege going forward. In exchange, platforms get some miscellaneous, low-value content directly from FIFA (e.g. press conferences), and the stamp of approval that rights-holding broadcasters can keep publishing the higher-value content such as post-match highlights and even live streams on their respective operated channels on these platforms. 🧐 Why it doesn’t matter much: Once paid to play, the platform’s eligibility has been kept. However, any content published on “social media” remains subject to any conversations between TikTok (or any other whitelisted platform) and the local rights-holding broadcasters — FIFA can just not unreasonably object anymore. FIFA could have decided to capture lost value either way, it decided to go after the tech platforms (instead of letting its media partners paying extra), which is probably a shrewd decision, both short- and long-term. Plus: Everyone got a nice press release out of this, more “Preferred Platforms” to follow between now and the start of the #FIFAWorldCup2026. *The headline from @SBJ is (one of) the most accurate ones, which is why it’s used here.

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Murray Barnett retweetledi
Yannick Manuel Ramcke
Yannick Manuel Ramcke@YannickRamcke·
🆙 𝗘𝗽𝗶𝘀𝗼𝗱𝗲 𝟰3 𝗼𝗳 𝗧𝗵𝗲 𝗕𝘂𝗻𝗱𝗹𝗲 𝗶𝘀 𝗻𝗼𝘄 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲. The monthly walk-through with @UnffclPrtnr and @MurrayBarnett, trading facts, insights, and opinions at the intersection of #sports, #streaming, and #media — this time including but not limited to: • ⚽️🇫🇷 Update on Ligue 1+: LFP Media acquires pay-TV rights to FIFA World Cup 2026 (for €20M in total) as churn mitigation strategy, and keeps ticking many if not all the boxes of a smart DTC go-to-market strategy for a single-sports streaming service — it remains an up-hill battle for French football regardless. 🚨 Breaking news: beIN Sports swoops “steals” WC rights from Ligue1+, LFP CEO steps down, are you not entertained? 🍿 • 📺🇺🇸 The Walt Disney Company in the News: Intentionally opaque earnings report, new CEO for an experience-first conglomerate, ESPN valued at 13ish-times EBIT (which declined 23% YoY, mainly due to temporary YouTube TV blackout in Q4/2025) as part of NFL Network acquisition that closed in record time. • 📲⚽️ Big-Tech paying Ransom Fee: FIFA’s new, non-exclusive “Preferred Platform” program as a means to extract value from YouTube, Facebook, TikTok & Co. who were free-riding in the past because FIFA’s rights-holding broadcasters couldn’t afford to not put at least highlights on their social channels — more “preferred platforms” to be announced. • ☠️🇪🇸 New Anti-Piracy Strategy: To increase chances that the rights package for commercial premises grows in line with expectations (+30% to €130M per season, starting in 2027/28, asterisks apply) — amidst an overall flattish domestic media rights tender (+9%) ahead of the new cycle — LaLiga came up with an awkward but probably effective whistleblower program against hotels, restaurants and cafes. … and much more unpacked, including the evolving focus on advertising and the NFL Super Bowl as a blueprint (or lack thereof). 👇🏼 Link to The Bundle 📧 bulletin (with notes, quotes and questions) and 🎧 full podcast episode below, because that’s what you do, I’m told: putting it in the comments.
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Murray Barnett retweetledi
Yannick Manuel Ramcke
Yannick Manuel Ramcke@YannickRamcke·
🆙 𝗘𝗽𝗶𝘀𝗼𝗱𝗲 𝟰𝟮 𝗼𝗳 𝗧𝗵𝗲 𝗕𝘂𝗻𝗱𝗹𝗲 𝗶𝘀 𝗻𝗼𝘄 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲. Predictions for 2026 made at the intersection of #sports, #streaming, and #media with @UnffclPrtnr’s Richard Gillis and @MurrayBarnett — including but not limited to: 🏈💰𝗡𝗼 𝗻𝗲𝘄 𝗡𝗙𝗟 𝗱𝗼𝗺𝗲𝘀𝘁𝗶𝗰 𝗺𝗲𝗱𝗶𝗮 𝗿𝗶𝗴𝗵𝘁𝘀 𝗱𝗲𝗮𝗹 𝗶𝗻 𝟮𝟬𝟮𝟲. With the opt-out window only looming post-2028/29, the NFL has no forcing deadline — despite coming off a 35-year audience high and looking undervalued vs. post-2023 mega-deals across US sports. These are multi-year, line-by-line negotiations, not sprint decisions. Add buyer-side uncertainty (e.g. WBD sales process) and a league that’s still monetizing annual carve-outs (e.g. the $100M+ season-opening game auction) — and there’s little incentive to rush. Next test case: Who writes the next nine-figure check for a single game? YouTube again? Or a new entrant — Apple TV+? 👀 📱🇺🇸 𝗗𝗔𝗭𝗡 𝗮𝗰𝗾𝘂𝗶𝗿𝗲𝘀 𝗮 𝗽𝗼𝘀𝘁-𝗯𝗮𝗻𝗸𝗿𝘂𝗽𝘁𝗰𝘆 𝗠𝗮𝗶𝗻 𝗦𝘁𝗿𝗲𝗲𝘁 𝗦𝗽𝗼𝗿𝘁𝘀. For DAZN, this is the biggest — and likely last — credible swing at cracking the U.S. market, a must-win market for both scale and story: commercial relevance, and ultimately a viable IPO narrative. For Main Street Sports, a reset is equally non-negotiable. Chapter 11 clears legacy RSN contracts and residual debt, making the largest remaining regional sports network finally acquirable. The logic fits DAZN’s recent playbook: more-collaborative rights agreements, distressed sports assets, post-restructuring entry, platform-first integration — Belgium, France, Italy as precedent. One deal. Two imperatives. High risk — but strategically rational. 🧑‍🧑‍🧒‍🧒 🏆 𝗧𝗵𝗲 𝗰𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗮𝘀 𝗼𝗻𝗲 𝘄𝗶𝗻𝗻𝗲𝗿 𝗶𝗻 𝗮 𝗽𝗼𝘀𝘁-𝘀𝘁𝗿𝗲𝗮𝗺𝗶𝗻𝗴 𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝘄𝗼𝗿𝗹𝗱. With most low-hanging subscriber growth exhausted and many media rights cycles entering their back half, the focus shifts from subscriber growth at all costs to durable profitability. The short-term response to improve accessibility isn’t consolidation (if any in 2026) but cooperation: bundling, aggregation, shared distribution, technical interoperability — all aimed at fixing what consumers feel most acutely today: too many services, prohibitive prices, fragmented rights, and incompatible platforms. A rare reset in the short term where business needs align with consumer interest. … and much more to unpack, including some left-field predictions about #NASCAR #Tennis #UEFAChampionsLeague. 🤡 Link to The Bundle 📧 bulletin and 🎧 podcast episode in the comments, because that’s what you do, I’m told.
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Murray Barnett retweetledi
Yannick Manuel Ramcke
Yannick Manuel Ramcke@YannickRamcke·
🎧 Episode 41 of The Bundle is 🆙, talking again all things #sports #streaming #media with @UnffclPrtnr and @MurrayBarnett — including but not limited to: • ⚽️🇪🇺 UEFA club competitions with impressive uplift (2027/28-30/31) across the big-five European football markets, at least on aggregate, and might missing the obvious: competition simply rules. • 🍏🏎️ The collapse of Apple TV, both literally and figuratively, as Apple pulls the plug on MLS Season Pass and consolidates streaming proposition as F1 joins the device-first ecosystem. • ❌💰 DAZN looking for a more cooperative operating model, while setting dangerous — some say life-threatening — precedent for rights owners around the world. • 📺🍿 Netflix playing defense (because they can) as Paramount accelerates inevitable media mergers, acquisitions, and consolidation: go big or go home … and its not about sports for a change. … and much more. Link to The Bundle 📧 bulletin (highly recommend!) and 🎧 podcast episode below.
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Yannick Manuel Ramcke
Yannick Manuel Ramcke@YannickRamcke·
🎧 Episode 40 (?) of The Bundle is 🆙*, talking all things #sports #media with @UnffclPrtnr and @MurrayBarnett — including but not limited to: 📺 #𝗬𝗼𝘂𝗧𝘂𝗯𝗲’𝘀 𝗺𝗼𝘃𝗲𝘀 𝗶𝗻 (𝗟𝗶𝘃𝗲) 𝗦𝗽𝗼𝗿𝘁𝘀: Linear leftovers, innovative media rights distribution strategy, or a combination of both by the likes of Bundesliga? And how YouTube is pushing (or orchestrating) the creator-empowerment narrative as it has been moving up the sports rights ladder recently. Plus: Even YouTube is subject to a (sports) consumer adoption, which explains avg. viewership for its first NFL game being closer to Peacock than Netflix (Friday nights is obviously also not a thing for NFL). 💰 #𝗨𝗙𝗖 𝗲𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲𝗹𝘆 𝗮𝗻𝗱 𝗲𝗻𝘁𝗶𝗿𝗲𝗹𝘆 𝗼𝗻 𝗣𝗮𝗿𝗮𝗺𝗼𝘂𝗻𝘁+: Ellison’s Skydance going big (or home), with an all-encompassing bid (including both reach and revenue) too good to pass on for TKO. And why an overpay might be the most rationale thing to do for newly minted Skydance Sports Entertainment. Next one up might be WBD’s legacy and new media assets (c. $70-80 billion in enterprise value, compared to Paramount Skydance’s post-merger EV of c. $30 billion). 📱 #𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀-𝗯𝗮𝘀𝗲𝗱 𝘀𝗽𝗼𝗿𝘁𝘀 𝗶𝗻 𝘀𝗵𝗼𝗿𝘁 𝗳𝗼𝗿𝗺: All eyeballs are not created equally, and can non-monetizable eyeballs become an existential threat to the sports/media industrial complex, does monetization necessarily follow engagement anymore? The NBA is both more popular than ever (by some measures) and less monetizable than before — NBA’s new eleven-year, $75+ billion domestic media rights deal begs to disagree though. 👀 𝗘𝘃𝗲𝗿𝘆𝗼𝗻𝗲 𝗶𝘀 𝘄𝗮𝘁𝗰𝗵𝗶𝗻𝗴 #𝗟𝗶𝗴𝘂𝗲𝟭+ 𝗶𝗻 𝗙𝗿𝗮𝗻𝗰𝗲: Ligue 1 is combining self-exploitation of media rights (no guaranteed, high-margin licensing revenues) with OTT economics (less scale, less stickiness, less pricing power than linear pay-TV bundle) … and every European rights owner is watching — power distribution along the sports media value/bargaining chain might forever change in case of success. … and much more. * sign up to the Bundle Bulletin to be more timely than my reposts 📧 Link to the 🎧 podcast episode and the Bundle Bulletin below.
Unofficial Partner™@UnffclPrtnr

Each month @YannickRamcke and @MurrayBarnett share their prep notes for The Bundle. Subscribe to get them direct. open.substack.com/pub/unofficial…

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Murray Barnett
Murray Barnett@MurrayBarnett·
Gene - the one every Hollywood actor wanted to be.
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Murray Barnett
Murray Barnett@MurrayBarnett·
This. The essence of competitive sport.
Roger Federer@rogerfederer

Vamos, @RafaelNadal!   As you get ready to graduate from tennis, I’ve got a few things to share before I maybe get emotional.   Let’s start with the obvious: you beat me—a lot. More than I managed to beat you. You challenged me in ways no one else could. On clay, it felt like I was stepping into your backyard, and you made me work harder than I ever thought I could just to hold my ground. You made me reimagine my game—even going so far as to change the size of my racquet head, hoping for any edge.   I’m not a very superstitious person, but you took it to the next level. Your whole process. All those rituals. Assembling your water bottles like toy soldiers in formation, fixing your hair, adjusting your underwear... All of it with the highest intensity. Secretly, I kind of loved the whole thing. Because it was so unique—it was so you.   And you know what, Rafa, you made me enjoy the game even more.    OK, maybe not at first. After the 2004 Australian Open, I achieved the #1 ranking for the first time. I thought I was on top of the world. And I was—until two months later, when you walked on the court in Miami in your red sleeveless shirt, showing off those biceps, and you beat me convincingly. All that buzz I’d been hearing about you—about this amazing young player from Mallorca, a generational talent, probably going to win a major someday—it wasn’t just hype.   We were both at the start of our journey and it’s one we ended up taking together. Twenty years later, Rafa, I have to say: What an incredible run you’ve had. Including 14 French Opens—historic! You made Spain proud... you made the whole tennis world proud.   I keep thinking about the memories we’ve shared. Promoting the sport together. Playing that match on half-grass, half-clay. Breaking the all-time attendance record by playing in front of more than 50,000 fans in Cape Town, South Africa. Always cracking each other up. Wearing each other out on the court and then, sometimes, almost literally having to hold each other up during trophy ceremonies.   I’m still grateful you invited me to Mallorca to help launch the Rafa Nadal Academy in 2016. Actually, I kind of invited myself. I knew you were too polite to insist on me being there, but I didn’t want to miss it. You have always been a role model for kids around the world, and Mirka and I are so glad that our children have all trained at your academies. They had a blast and learned so much—like thousands of other young players. Although I always worried my kids would come home playing tennis as lefties.   And then there was London—the Laver Cup in 2022. My final match. It meant everything to me that you were there by my side—not as my rival but as my doubles partner. Sharing the court with you that night, and sharing those tears, will forever be one of the most special moments of my career.   Rafa, I know you’re focused on the last stretch of your epic career. We will talk when it’s done. For now, I just want to congratulate your family and team, who all played a massive role in your success. And I want you to know that your old friend is always cheering for you, and will be cheering just as loud for everything you do next.   Rafa that!   Best always, your fan, 
 Roger

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Murray Barnett
Murray Barnett@MurrayBarnett·
Has sports franchise ownership become about real estate? Found this fascinating. Summed up with "I wasn’t going to put up $2 billion to get an education on building." Why Mark Cuban Sold the Dallas Mavericks When He Did - frontofficesports.com/mark-cuban-why… via @FOS
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James Hancock
James Hancock@colebrax·
RIP Kris Kristofferson (1936-2024) If you listen to this version of 'Help Me Make It Through The Night' from 'Fat City' (1972), you just might cry for the rest of your life.
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xyz@lao1969·
As a kid I remember this guy was the reference point of style for every 1970's Jetsetter In the South of France. Add in Gianni Agnelli, Marcello Mastroianni as a couple more. Who've we got in 2024 if anyone?🤔
DepressedBergman@DannyDrinksWine

RIP Alain Delon (1935-2024) He was one of the coolest & most handsome actors ever, but sometimes I feel that his acting ability is underappreciated. His presence on screen alone is enough to make people watch a film. You all know how much I adore him. He will be sorely missed

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Roger Mitchell
Roger Mitchell@RPMComo·
@lao1969 The kids would say Timothy Chalomet. Italy still has its super cool actors. It’s just they no longer cross over to Hollywood. Which doesn’t make cool movies anymore. Ps #TheUnion is a truly appalling film. And I love Wahlberg. That Kevin hart one. Sheesh. @jonnyrmcfarlane
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Trung Phan
Trung Phan@TrungTPhan·
Just searched for “Quincy Hall” on Linkedin and…man…it hasn’t even been an hour since he won the race
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litquidity
litquidity@litcapital·
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Yannick Manuel Ramcke
Yannick Manuel Ramcke@YannickRamcke·
🎧 Episode 29 of The Bundle is 🆙 (for a couple of weeks already), talking all things Hashtag#sports Hashtag#media with @UnffclPrtnr and @MurrayBarnett — including but not limited to: 📱 #YouTube in Sports: from top-of-funnel to a full-funnel business, to create material business impact for creators. 🇫🇷 #Ligue1’s run against the clock: when the bargaining chip may become the only option left for domestic rights exploitation. ⚽️ #WomensFootball's growth plateau: when future growth has been fully baked into valuations, business fundamentals must first catch up. 💸 #FIFA+ seeking two-billion-dollar investment: step-up in (direct-to-consumer) ambitions, or well-timed leak to improve bargaining position. — 📧 Content versioning has been a recurring theme on #TheBundle, and @UnffclPrtnr is putting at least his time where his mouth is: The Bundle Bulletin sums up what’s been discussed, excerpts attached. 🎧 Listen below, 📝 full rundown in the show notes:
Yannick Manuel Ramcke tweet mediaYannick Manuel Ramcke tweet mediaYannick Manuel Ramcke tweet mediaYannick Manuel Ramcke tweet media
Unofficial Partner™@UnffclPrtnr

Each month I get a PhD seminar in sports media from @YannickRamcke and @MurrayBarnett The fun thing is, you're welcome to join. #sportsbiz Hear here...podcasts.apple.com/gb/podcast/uno…

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