A spate of new sports TV rights deals have been announced in recent weeks at prices far higher than the deals they replaced. But how much longer can media companies keep paying those prices amid cord-cutting and audience fragmentation. And what happens when the bubble pops?

Disney got out of the business of streaming Indian Premiere League games this weekend. Now when will it acknowledge how much more difficult it will be to reach its ambitious global goals for streaming subscribers? And will investors care at this point?