The Los Angeles Angels purchased a 50% equity stake in FanDuel Sports Network West, marking a structural shift in how MLB clubs control regional broadcast economics. the deal reflects teams' pivot toward direct RSN ownership as legacy Sinclair (SBGI) contracts deteriorate and streaming cannibalization pressures traditional cable retransmission fees. Angels gain direct access to media revenue, audience data, and advertising inventory—three levers that drive $15-25M annual RSN cash flow per club. This ownership structure bypasses middleman economics and positions the Angels to capture upside from any future consolidation or technology-driven monetization. For investors: RSN recovery depends on franchise equity participation; standalone RSN valuations compress without anchor tenants holding equity. Watch whether other MLB clubs replicate the Angels model.