NBA Inks $76 Billion TV Deal, Amazon Scores Major Win Over Warner Bros. Discovery

July 24, 2024
NBA Inks $76 Billion TV Deal, Amazon Scores Major Win Over Warner Bros. Discovery
  • The NBA has secured a new 11-year national television deal worth $76 billion with Walt Disney Company, NBC Universal, and Amazon, starting from the 2025-26 season, with Amazon winning a key media rights package over Warner Bros. Discovery.

  • Warner's CEO, David Zaslav, is contemplating legal action against the NBA after losing out on the media rights package to Amazon.

  • Warner's loss in the NBA rights deal may impact its leverage in future negotiations and heavily affect its TNT cable network, raising concerns for the sports division.

  • The NBA is considering TNT's counteroffer but leans towards Amazon's bid, potentially leading to legal action from TNT.

  • Warner Bros. Discovery claims to have matched Amazon's offer with a letter of credit for a potential $5.4 billion upfront payment.

  • The new TV deals with Amazon and others are valued at over two and a half times the league's current agreements, indicating a significant financial commitment.

  • Amazon's deal includes a 'poison pill' clause placing $5.85 billion in escrow for the first three years.

  • The NBA's new deal, estimated at $75 to $76 billion over 11 years, aims to enhance the fan experience and expand content distribution.

  • NBC will pay $2.5 billion for the 'B' package, covering playoff games and two primetime windows per week on Tuesdays and Sundays.

  • The NBA's deal with Amazon signifies a shift towards streaming sports, departing from traditional broadcasters like Warner Bros. Discovery, which aired NBA games on TNT for almost 40 years.

  • Jay Marine, the global head of sports at Prime Video, expressed enthusiasm about partnering with the NBA to enhance the sports viewing experience.

Summary based on 40 sources


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