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EisnerAmper's Michael Breit on the Business of Sports
Welcome to the eleventh episode of Full-Court Finance, the podcast from Zacks Investment Research focused on the intersection of sports, business and the stock market. On this week’s episode, Michael Breit, the Partner-in-Charge of EisnerAmper’s New York office and the company’s Sports and Entertainment Group, joins the show to discuss a variety of topics related to the business of sports.
The conversation focused on the growth of the NBA, professional sports franchise valuations, television revenues, and the future of sports on TV—as well as new and up-and-coming sports.
Breit has worked on initial public offerings for broadcasters and cable TV operators, which means his insights could become more valuable as the media landscape changes.
Tech giants, including Facebook , Twitter and Amazon (AMZN), have all started to invest in live sports rights. Also, with billions of dollars invested for years to come, the likes of ESPN (DIS - Free Report) , Fox (FOXA - Free Report) , CBS and NBC (CMCSA - Free Report) hope the NFL’s ratings recover.
But the rise of the NBA, Major League Soccer, and esports could provide new outlets for more massive rights deals.
Still, even if the NFL’s ratings don’t return to their all-time highs, sports rights could become even more important and valuable as advertisers look to secure deals with content partners where “live” is vital.
Finally, Breit, a former Big 4 accounting firm partner who has worked on major professional sports franchise acquisitions, dives into how retail investors can invest in sports.
If you have any questions about this episode of Full-Court Finance please feel free to shoot us an email over at podcast@zacks.com. Please also make sure to check out all of our other podcasts at zacks.com/podcast and remember to subscribe and leave a rating in iTunes.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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