Steve Ballmer turns down tv deal to start streaming service

[Pugz]

Steve Ballmer has turned down a $60 million-per-year offer for local television rights and instead plans to start his own streaming network.

Ballmer would be the first owner of a major United States' sports team to deliver games to consumers via a Web-based service.

The Los Angeles Clippers are currently aired to approximately five million Los Angeles-area homes through Fox Sports' Prime Ticket.

Prime Ticket currently pays the team a rights fee of $25 million a year and offered a 140 percent increase, to $60 million.

Steve Ballmer has not renewed his deal with Fox, said one source close to the situation. Hes looking at a [digital] subscription channel.

 

[cruzg24]

Thats very interesting he would get a bigger piece of the pie and if his streaming service is effective other teams might hop on board as well. Very intelligent business move because consumers are moving away from cable service and towards streaming products.