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Axios Re:Cap

NBA's Continuing Rise

Axios Re:Cap

Axios

Daily News, News

4.5705 Ratings

🗓️ 16 October 2018

⏱️ 10 minutes

🧾️ Download transcript

Summary

As a new NBA season tips off, Dan looks at the various ways the league stands out compared to other professional sports leagues with Boston Celtics Co-Owner Wyc Grousbeck. In the "Final Two" Dan talks about the troubles in the antibiotic market and Carl Icahn vs. Michael Dell (again).

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Axis ProRata, a podcast that takes just 10 minutes to get you smarter on the collision of tech, business, and politics.

0:07.8

I'm Dan Pramak. On today's show, something pretty terrifying from the world of health care and a new heavyweight fight between business titans Carl Icahn and Michael Dell.

0:16.9

But first, basketball. The NBA tips off its new season tonight in Boston, where the Celtics will face the Philadelphia 76ers.

0:24.4

And to borrow a business term, the leak seems to be at an inflection point.

0:29.1

Specifically, there's lots of rumblings, including among sports agents, about how the NBA is poised to become America's new pastime,

0:36.4

as baseball continues to struggle, and the NFL

0:39.1

deals with controversies ranging from players kneeling to getting traumatic brain injuries.

0:43.4

Now, according to Forbes, every NBA team is now valued at over $1 billion for the first time

0:49.3

ever. It is the only major sports outfit in North America to operate a women's league,

0:53.2

and it's also fully embraced both e-sports and the prospect of sports betting, not only in casinos and race tracks,

0:59.7

but potentially inside of NBA arenas themselves. Plus, no other league has players quite so

1:05.4

active on social media or in the broader content space as the NBA does, whether that's

1:10.1

things like LeBron James's burgeoning

1:11.8

digital media empire or Kyrie Irving as Uncle Drew in movie theaters. In fact, the NBA's biggest

1:17.0

question mark right now isn't the business. It's on the court itself, where the league's been

1:21.2

dominated for the past two years by a super team in Golden State and where some of its largest markets,

1:26.2

including New York, are expected to

1:27.9

once again be terrible. But if the NBA can keep its product alluring, then we might begin

1:33.2

talking about it like we talked about the NFL last decade, or Major League Baseball in the

1:37.4

1960s and 1970s. In 15 seconds, we'll go deeper on this with Wickrow Speck, co-owner of the Boston Celtics.

1:43.8

But first,

1:44.7

this. Axios chief technology correspondent, Enah Freed, shares breaking news and analysis on the most

...

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