Behind the Scene Scandals That Took Place At ESPN
ESPN Drove Up Prices
ESPN allegedly made multiple deals when newer sports channels like NBCSN and Fox Sports 1 were emerging in order to block them acquiring rights to show various events live. Some of these events include the bowl games of the College Football Playoff, Major League Baseball games, and NBA games. ESPN was said to have paid about $7.3 billion for the broadcasting rights to all seven bowl games of the College Football Playoff and $700 million for a Major League Baseball deal. Various financial analysts believe all of the money ESPN is spending could undo The Walt Disney Company who are ESPN’s owners. As of 2015, ESPN ended up laying off about 300 employees and cited rights costs.