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NBA's China dilemma: $4B at risk as Chinese TV cancels game broadcasts

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Re: NBA's China dilemma: $4B at risk as Chinese TV cancels game broadcasts

#81

Post by tanilama »

wtn wrote: post #51
reaperducer wrote: post #26

Earlier quoted context omitted.

While I agree that the NBA has stand up and to do the right thing, I'm not sure that "incremental" is the correct description of the league's profits. I read an article very recently (NY Times, maybe?) that laid out the numbers, and the amount of money the NBA earns in China dwarfs its U.S. revenue. not like China is going to come up with their own basketball league It already has basketball leagues. And considering…

NBA annual TV revenue: $4B China (CCTV & Tencent) versus $24B USA (ESPN & TNT). Those numbers are outdated and incomplete, but basically describe the relative market size. Maybe you are thinking of rate of growth. EDIT: As tanilama pointed out my numbers are wrong. The USA (ESPN & TNT) TV deal is about ~$2.6B per year. The Tencent streaming deal is ~$1.5B over 5 years. I don't know about CCTV.

$24B USA is for 10 years?

https://www.cbc.ca/sports/basketball/nba/nba-tv-deal-how-the...

Annually it says the revenue is 2.6B. Not sure how much revenue they are making from China on a yearly basis (Tencent's contract is 5 years).

Re: NBA's China dilemma: $4B at risk as Chinese TV cancels game broadcasts

#82

Post by [deleted] »

sorenn111 wrote: post #63
whitebread wrote: post #45

Can we relax with the self-made, altruistic view of billionaires? Self-made is a myth, and an NBA owner just released a book titled "Shut Up and Listen." Money talks, and it seems pretty clear that all of the moves previously made were actually for profits, not social causes.

How is self-made a myth? Not saying all billionaires should be envied, praised, etc. I'm sure many are huge manipulative asshole. But many also came from very modest to virtually no means, how is that a myth?

[deleted]

Re: NBA's China dilemma: $4B at risk as Chinese TV cancels game broadcasts

#83

Post by maximente »

nugget wrote: post #38
nostromo wrote: post #14

It's not much of a dilemma though, is it? Already-rich folks kowtowing to fascists for a quick buck is beyond pathetic. US companies should stop targeting China for growth. If they don't steal your IP completely, they'll eventually freeze you out like they just did the NBA. It's happened to many companies and will eventually happen to you too. Play stupid games, win stupid prizes.

>Already-rich folks kowtowing to fascists for a quick buck is beyond pathetic. Most NBA team owners are already billionaires. I believe most of them are self-made and have signed the giving pledge, meaning they will donate much of their wealth to charities at or before their death. If anyone can afford to take a stand, it would seem to be them.

"can afford to" doesn't overlap much with "is likely to".

hell, the rockets ownership allegedly discussed removing "one of the best GMs in the league": https://www.theringer.com/nba/2019/10/6/20901828/daryl-morey...

and give me a break about the giving pledge. when people are dead, access to their money doesn't matter. if they want to earn some sort of altruistic "cred", they can donate 90% of their net worth, today, and still be in the 100 millionaire club.

go ahead and let me know when any one of these people does that.

Re: NBA's China dilemma: $4B at risk as Chinese TV cancels game broadcasts

#84

Post by NotSammyHagar »

ivankolev wrote: post #39
tw04 wrote: post #20

The NBA really needs to grow a spine on this one. They have nothing to lose but incremental profits and in the long run China will lose. It will just be one more reminder for the populace that their current government restricts them from luxuries the rest of the world gets to experience. And if that doesn't bother them, good riddance I guess, it's not like China is going to come up with their own basketball league th…

They are taking a stance: https://www.cnn.com/2019/10/08/media/nba-adam-silver/index.h...

Woah, that's quite a pleasant surprise. Not what I expected.

Re: NBA's China dilemma: $4B at risk as Chinese TV cancels game broadcasts

#85

Post by lackbeard »

tw04 wrote: post #67
reaperducer wrote: post #26

Earlier quoted context omitted.

While I agree that the NBA has stand up and to do the right thing, I'm not sure that "incremental" is the correct description of the league's profits. I read an article very recently (NY Times, maybe?) that laid out the numbers, and the amount of money the NBA earns in China dwarfs its U.S. revenue. not like China is going to come up with their own basketball league It already has basketball leagues. And considering…

>the amount of money the NBA earns in China dwarfs its U.S. revenue. Source? >It already has basketball leagues. I guess it's a good thing I didn't say they don't. Partial quoting to try to make a point where there isn't one isn't very cool. >And considering that China has exported star players to the NBA, it's certainly a possibility. It's exported exactly one star: yao Ming, and one slightly above average player in…

Jeremy Lin is American.

Re: NBA's China dilemma: $4B at risk as Chinese TV cancels game broadcasts

#86

Post by scotty79 »

artur_makly wrote: post #55

This says it all: https://southpark.cc.com/full-episodes/s23e02-band-in-china

This got me to watch some South Park. I was at least few seasons behind. The show is still interesting and has some strong episodes.

Episode "Dead Kids" for example (about school shootings) is amazing, and its ending is absolutely brutal. I know it will stay with me for years.

https://southpark.cc.com/full-episodes/s22e01-dead-kids

Re: NBA's China dilemma: $4B at risk as Chinese TV cancels game broadcasts

#87

Post by tanilama »

tw04 wrote: post #67
reaperducer wrote: post #26

Earlier quoted context omitted.

While I agree that the NBA has stand up and to do the right thing, I'm not sure that "incremental" is the correct description of the league's profits. I read an article very recently (NY Times, maybe?) that laid out the numbers, and the amount of money the NBA earns in China dwarfs its U.S. revenue. not like China is going to come up with their own basketball league It already has basketball leagues. And considering…

>the amount of money the NBA earns in China dwarfs its U.S. revenue. Source? >It already has basketball leagues. I guess it's a good thing I didn't say they don't. Partial quoting to try to make a point where there isn't one isn't very cool. >And considering that China has exported star players to the NBA, it's certainly a possibility. It's exported exactly one star: yao Ming, and one slightly above average player in…

Jeremy Lin is not Chinese.

Re: NBA's China dilemma: $4B at risk as Chinese TV cancels game broadcasts

#88

Post by chance_state »

at-fates-hands wrote: post #48
nostromo wrote: post #14

It's not much of a dilemma though, is it? Already-rich folks kowtowing to fascists for a quick buck is beyond pathetic. US companies should stop targeting China for growth. If they don't steal your IP completely, they'll eventually freeze you out like they just did the NBA. It's happened to many companies and will eventually happen to you too. Play stupid games, win stupid prizes.

China is just flexing its financial muscle to try and tamp down what's going on in Hong Kong. The fact is, US companies does this on a regular basis to get vendors to comply to their crazy demands. Tim Cook was Apple's strongman who basically blackmailed Apple's entire Chinese supply chain to meet insane shipping and quality standards. Amazon has done it with their local delivery contracts with third party vendors. F…

The "blackmailing" you describe is called "business".

I don't recall Apple demanding that their Chinese suppliers stay silent about Apple concentration camps or otherwise risk losing the business.

Re: NBA's China dilemma: $4B at risk as Chinese TV cancels game broadcasts

#89

Post by ashelmire »

I find it interesting that there isn't a Boycott / Divest / Sanctions movement for China, despite the human rights abuses they've always committed, in addition to more recently holding people in concentration camps. Surely their offenses are far more egregious than Israel's? Where's the movement for Hong Kong, for the Uighur? Does anyone know of such an effort?

Re: NBA's China dilemma: $4B at risk as Chinese TV cancels game broadcasts

#90

Post by purple_ducks »

smogcutter wrote: post #8
5trokerac3 wrote: post #3

Not all costs are monetary. The long term ramifications of our businesses cow-towing to mass-murdering authoritarians is far greater than potential profits.

Appropriately enough, the term you’re looking for is kowtowing (not towing cows), a Chinese term for a deep bow of respect.

You understand the phrase though right? There was no ambivalence on his meaning or usage.

> Appropriately enough

Ironically enough, you're misusing this phrase.

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