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Reports are emerging that Fox and the UFC have signed a deal for the MMA promotion to provide broadcast and cable programming for the media conglomerate.
Let's presume the reports are true and that the Ultimate Fighting Championship (UFC) has signed a deal with the Fox networks to air four events a year on Fox's broadcast channel and the remainder of their programming on FX and Fuel TV.
What's that likely to mean for the UFC? Here's a few things we already know:
See that fork up ahead? The UFC's going to have to decide if they want to remain an extremely lucrative PPV niche sport or if they want to really go mainstream. Mainstream sports make their money off TV licensing deals, not PPV buys. It will be very interesting to see if the UFC brass are willing to forego short-term profits for a longer-term play for much bigger audiences.
Shocking news of the UFC's groundbreaking multi-year television deal with nationally syndicated network FOX burst through the pipeline Tuesday morning, and now only awaits an official on-the-record confirmation.
Conveniently, FOX Sports has an announcement to make. But not just any announcement. According to Sports Business Journal reporter John Ourand, FOX Sports has scheduled a press conference for Thursday afternoon, at which network executives will make "one of the biggest announcements in Fox Sports history."
The press conference is scheduled for 1:00 p.m. PT in Los Angeles, California. FOX Sports Media Group (FSMG) Chairman and CEO David Hill is scheduled to attend, alongside FSMG Co-Presidents and COO's Randy Freer and Eric Shanks, and FX President John Landgraf.
Beyond a shadow of a doubt, it appears that the quartet intend to announce the network's reported broadcast deal with the UFC worth an estimated $90 million over seven-to-eight years. UFC president Dana White has long sought to expand his product to network television but has remained committed to the idea that a deal could only be done if the terms were right for the organization. On Thursday his wish may finally come to fruition.
Despite Dana White's insistence that the UFC's landmark deal with Fox has yet to be completed, latest reports indicate that an agreement has already been reached. HeavyMMA.com confirmed the announcement with a representative from Fox who wished to remain anonymous.
The deal instantly serves as a game-changer in the world of mixed martial arts. According to initial reports from the Sports Business Journal, the partnership could be worth upwards of $90 million per year and cover an estimated seven-to-eight years. Final terms of the agreement have not yet been released.
The announcement marks the first time in UFC history that the company has broken through with consistent airtime on a broadcast network. The promotion will reportedly schedule up to four mega-events per year to be televised nationally on FOX, as well as shift all UFC content -- such as "The Ultimate Fighter" -- from Spike TV and Versus to FOX-owned networks FX and Fuel.
In the wake of what would be a enormous announcement for the MMA community, UFC president Dana White has tempered public expectations for the time being. According to reports from MMAJunkie.com, White has thus far denied the finalization of a deal with Fox.
From @danawhite: "You guys will know when we have a TV deal." So either SBJ jumped the gun, or he's not ready to talk. Houston press, unite!
Per reports from the Sports Business Journal, the agreement would result in as many as four nationally broadcast MMA events a year on Fox.
Likewise, most of the UFC-related programming that currently airs on Versus and Spike TV would transfer to FX starting in January of 2012, including flagship series "The Ultimate Fighter." Fox-owned network Fuel will also receive UFC content, but will not be rebranded as a purely UFC channel, as rumblings have suggested.
UFC-Fox Television Press Conference Coverage
Join MMA Nation today at 1 p.m. ET as we bring you live coverage of today's Fox Sports press conference that is said to have an 'historic announcement'. It is widely believed today's presser will formally announce the new major television deal with the Ultimate Fighting Championship. As has been reported over Twitter, UFC President Dana White and several other UFC fighters are in Los Angeles (the site of the presser) today.
MMA Nation will update this StoryStream with analysis about what this means for the UFC or sport of mixed martial arts, updated information of the terms of the television deal, audio of the press call and much more. If you have a question you want answered, follow Senior Editor Luke Thomas (@SBNLukeThomas) as we will be participating on the conference call portion of the presser.
For more coverage of this major event, please be sure to view our existing StoryStream, which contains early coverage of the Sports Business Daily report, some analysis and much more.
See you at 1 p.m. ET.
Aug 18 4:56a by Luke Thomas - 1 comment