FanDuel Sports Network, operated by Main Street Sports Group, is making a major play to reach cord-cutters by streaming select live, local NBA and NHL games for free on ad-supported platforms starting in mid-November. The move is a direct challenge to the traditional, costly regional sports network (RSN) model.

This is a crucial experiment for the future of local sports broadcasting. By trading guaranteed subscription revenue for the potential of wider reach and ad-supported growth, FanDuel is testing a new survival strategy for a business model on the ropes.

FanDuel's move comes as the entire sports media industry is in flux, with YouTube TV reportedly exploring a new skinny bundle and Comcast's leadership openly discussing M&A. The pressure is mounting across the board for legacy media companies to innovate, as many believe traditional TV groups need to get in the "3.0 game" to survive.