This is a ******* terrible idea.
They want to consolidate the media rights of 70 schools under one agreement & use a tiered distribution system, all under the direction of a private equity firm.
**** THAT.
"Staggs and Mayer founded Candle Media, a premium content company that launched in 2021 with backing of
private equity giant Blackstone."
"
the revenues will be allotted unequally. Project Rudy separates the 70 programs into three tiers.
Tier 1: the top 16 schools earn per-school revenue projections from $130 million in Year 4, escalating to $250 million in Year 12
Tier 2: the next 22 schools earn revenue of $60-$110 million
Tier 3: the last 32 schools earn projections of $30-$60 million
The gap between:
tier 1 and tier 2 would be $20-$70 million, YEARLY
tier 1 and tier 3 would be $70-$100 million, YEARLY
tier 2 and tier 3 would be $30-$50 million, YEARLY
The model offers a variety of ways to determine how to tier schools. ... However, one proposed model suggests having
eight “permanent” members of Tier 1, a move presumably to placate the biggest brands in the sport.
Letting private equity run this thing is a worst case scenario.
I know some of you might think we're a tier 1 school. But make no mistake, a private equity firm does not have the same set of standards that you do.
They do not give a **** about how many titles we've won. They do not give a **** about anything but what makes THEM the most money.
@Rellyrell what could go wrong?