A sports investor says streaming commoditized everything except live sport

Summary

Sports franchises are changing hands at record prices, and George Pyne tells Brian Sozzi he thinks there are real fundamentals under the run. His argument is that streaming commoditized entertainment while live sport went the other way, and that AI will improve how sport is delivered rather than disrupt it. Pyne does not buy teams. Bruin Capital buys what surrounds them: a company that lights the grass at hundreds of clubs, a virtual signage business, a production company, water cooling for data centers, and what he says is the fourth largest soccer agency in the world. He also explains why…

Description from Yahoo News.