Two BCS Conferences Reel in Huge, New TV Deals

In the world of college football, it seems like this offseason has brought in huge tv contracts for two of the conferences in the BCS. The Big 12 conference and the PAC 10 have signed huge, new TV. In April, the Big 12 conference signed a new deal with Fox Network to the tune of $90 million annually over 13 years. The deal is more than four times more than the 20 million annually that the Big 12 brings in now. A minimum of forty games, including all Big 12 home games will now be televised according to commissioner Dan Beebe. The conference’s 13-year deal, which is worth $1.17 billion, will take effect at the start of the 2012-2013 school year. This TV contract ensures that the conference will have enough money to go around and will help to stabilize it for the long-term and that is crucial with the idea of having four super conference tossed about. With the landscape of college football conferences shifting, the Big 12 has already taken a hit with two defections. Long time members Nebraska, which joined the Big Ten Conference, and Colorado, which joined the PAC 10, have reduced the Big 12 down to ten. Also, rumors of Texas A&M and Missouri leaving the conference had the Big 12 questioning it’s future, until the new TV deal came to the rescue.  

Under Armour: Improving upon First Year Billion Dollar Revenue from 2010

Under Armour, the cutting-edge sports apparel and accessories company, posted their first billion-dollar revenue year in 2010 and look to improve even further in 2011. The company reported results from the first quarter of 2011 a net revenue increase of 36% from the same quarter in 2010. The net revenues were $312.7 million in 2011 compared to $229.4 million in 2010.  Net income increased from $7.2 million in the first quarter of 2010 to $12.1 million for the first quarter of 2011. Under Armour had forecasted 2011 net revenues in the area of $1.33 billion to $1.35 billion, which represented a growth of 25 to 27% from 2010. Based on the results from the first quarter of 2011, Under Armour now anticipates 2011 net revenues somewhere around the $1.37 billion to $1.39 billion ranges, which would be a 29 to 31% growth over 2010.