By Michael Berman
After more than five months of no live events from the four major professional sports leagues, cable customers may be in line for some givebacks.
According to reports, Comcast Corp. is planning to refund its subscribers sports programming fees for cancelled games.
When sports were shut down in March, cable subscribers quickly began asking about refunds for cancelled games. TV providers such as Comcast pointed to the leagues, stating if they receive rebates from the NBA or Major League Baseball, a portion would be passed on to their customers.
In last month’s quarterly earnings call, Comcast CFO Mike Cavanagh stated he believes a refund is on the way. “We expect that we’ll be getting some money back from some of the sports leagues based on games played or not played in the US and when that does happen we, as we said, we’ll pass that back along to customers,” Cavanagh said, as noted by Cord Cutters News.
Cable subscribers pay as much as $20 per month in sports rights fees, which includes national networks such as ESPN and FOX Sports 1. Comcast’s refund will only reflect credits received from regional sports networks based on cancelled MLB games.