NBA Is Free to Widen TV Talks as Disney, Warner Bros. Exclusivity Ends [BNN Bloomberg (Canada)]
Amazon.com, Inc. (AMZN)
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Source: BNN Bloomberg
Discovery Inc. concluded Monday without an agreement, opening the way for talks with other potential bidders. The league plans to continue negotiations with the parent companies of ESPN and the Turner networks over a renewal of their rights, an NBA spokesperson said in a statement. The league's current nine-year deal is worth about $24 billion. The league has been looking to double that fee, possibly by bringing in new partners, whether they be a traditional media company like Comcast Corp.'s NBC or streaming-focused ones such as Amazon.com Inc. or Apple Inc. NBA officials have been looking to add at least one more media outlet, but are open to a fourth if the right deal is found, according to a person familiar with their thinking. Sports leagues from the National Football League to Major League Baseball have been divvying up their broadcast rights among partners as a way of boosting their fees and reaching broader audiences. The NBA is negotiating the new rights agreements al
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AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 5/3/24 - Form PX14A6G
- 5/2/24 - Form PX14A6G
- 5/2/24 - Form PX14A6G
- AMZN's page on the SEC website