Episode 24: Why Fans Deserve Ownership: How Web3 Fixes Broken Sports Media

The Future of Sports and Entertainment: Decentralized Ownership and the Role of Web3 In this episode of Old Men New Money, Phil Larmon discusses the systemic issues plaguing the sports and entertainment distribution models. He argues that the current system is fundamentally broken due to the disappearance of scarcity, leading to economic collapse and fragmentation in media consumption. Phil breaks down how Web3 technology can solve these problems by introducing scalable ownership models, decentralized content creation, and peer-to-peer betting. He explains how tokenized media distribution can align the interests of fans, creators, athletes, and leagues, making them stakeholders rather than mere consumers. The episode concludes with a look at how this shift will permanently change the economics of sports and entertainment. 00:00 Introduction: The Broken Distribution Model 01:43 The Collapse of Scarcity in Media 03:06 The Rise of Fan Ownership 04:52 Web3: The Future of Media Distribution 05:59 The Streaming Dilemma 07:43 Tokenized Media and Fan Engagement 12:07 Decentralized Betting and the Future of Sports 13:11 The Inevitable Shift to Tokenized Media 17:12 Conclusion: Rewriting the Economics of Entertainment Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe