3rdPartyFeeds

NBA media rights: WBD may lose out, WNBA to bring in $2.2B

The NBA has reportedly agreed to a new 11-year, $76 billion media rights deal that could leave Warner Bros. Discovery (WBD) and its TNT network out in the cold.  Comcast's NBCUniversal (CMCSA), Amazon Prime Video (AMZN) and Disney's (DIS) ESPN are set to win the rights, though WBD still has time to match one of the current offers. LightShed Partners media and technology analyst Rich Greenfield told Yahoo Finance that he doesn't "believe that Warner Bros. really wants to spend $1.8 plus billion on a rights package for a much smaller package with less playoff games than they have now." Meanwhile, the media rights for the WNBA will reportedly see the league earning $2.2 billion over the next 11 years. Yahoo Finance senior reporter Alexandra Canal breaks down the latest in the video above. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by John Lesinski Read More...

The NBA has reportedly agreed to a new 11-year, $76 billion media rights deal that could leave Warner Bros. Discovery (WBD) and its TNT network out in the cold.

Comcast’s NBCUniversal (CMCSA), Amazon Prime Video (AMZN) and Disney’s (DIS) ESPN are set to win the rights, though WBD still has time to match one of the current offers.

LightShed Partners media and technology analyst Rich Greenfield told Yahoo Finance that he doesn’t “believe that Warner Bros. really wants to spend $1.8 plus billion on a rights package for a much smaller package with less playoff games than they have now.”

Meanwhile, the media rights for the WNBA will reportedly see the league earning $2.2 billion over the next 11 years.

Yahoo Finance senior reporter Alexandra Canal breaks down the latest in the video above.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by John Lesinski

Read More

Add Comment

Click here to post a comment