Fermat Ventures
  • Home
  • Stocks And Finance
  • Real Estate
  • Cryptocurrency
  • About Fermat Ventures Ltd.
  • en EN
    • zh-CN ZH-CN
    • en EN
No Result
View All Result
Fermat Ventures
  • Home
  • Stocks And Finance
  • Real Estate
  • Cryptocurrency
  • About Fermat Ventures Ltd.
  • en EN
    • zh-CN ZH-CN
    • en EN
No Result
View All Result
Fermat Ventures
No Result
View All Result
Home Stocks And Finance

NBA and WBD reach settlement in lawsuit regarding live game rights

November 18, 2024
in Stocks And Finance
Reading Time: 4 mins read
0 0
0
NBA and WBD reach settlement in lawsuit regarding live game rights
Share on FacebookShare on Twitter


A view of the NBA on TNT logo on a broadcast camera prior to the start of the third quarter of Game Four of the Western Conference Second Round Playoffs between the Denver Nuggets and Minnesota Timberwolves at Target Center on May 12, 2024 in Minneapolis, Minnesota.

David Berding | Getty Images

Warner Bros. Discovery agreed to end its quest to own a package of live National Basketball Association games in the U.S. for the 2025-26 season and beyond, settling all of its legal disputes with the league.

Warner Bros. Discovery sued the NBA in July, claiming the league failed to allow the media company to use its so-called matching rights on a package of live games.

The league selected three media partners — Disney, Comcast’s NBCUniversal and Amazon Prime Video — to be its U.S. distributors of live games for 11 years beginning next season. The total value of the deal, including WNBA games, was about $77 billion, CNBC previously reported.

The settlement with Warner Bros. Discovery, announced Monday, as well as a separate agreement between WBD and ESPN, will keep the company in the mix with some NBA content, production partnerships and licensing deals. However, it officially ends Turner Sports’ 40-year relationship with the NBA as a carrier of live games in the U.S. after this season.

Turner Sports has had an NBA package since 1984, with games airing on cable network TNT since 1988. The NBA decided to move away from Warner Bros. Discovery as a media partner for several reasons, including losing faith in the long-term future of cable TV as a method for reaching a younger audience.

Disney and Comcast have broadcast networks to showcase NBA games, and Amazon’s package is exclusively streaming.

The terms of the settlement grant WBD’s TNT Sports free access to highlights for the company’s Bleacher Report digital news site and its social media platform House of Highlights for the next 11 years, according to a person familiar with the details. The deal also allows Warner Bros. Discovery to license, create, and distribute new and existing NBA content across its media assets and includes live game rights in the Nordic countries, Poland and Latin America, excluding Brazil and Mexico.

The agreement also extends a partnership between NBA Digital and TNT Sports for five seasons that allows the NBA to engage Warner Bros. Discovery to provide promotion and “a variety of services, including production, content development and sales operations services,” according to a statement.

The settlement gives Warner Bros. Discovery years of guaranteed revenue from the NBA. The league isn’t paying WBD any additional money for those services beyond the terms of the settlement, according to people familiar with the matter, who asked to speak anonymously because some details of the agreement are private.

‘Inside the NBA’

TNT’s popular “Inside the NBA” studio show will be licensed to Disney’s ESPN and ABC for premier NBA games in the regular season and the playoffs, including the finals. ESPN’s current NBA studio show, “Countdown,” will continue for other ESPN regular-season games.

Charles Barkley on Inside the NBA

Source: NBA on TNT

TNT Sports will continue to produce “Inside the NBA,” starring Ernie Johnson Jr., Charles Barkley, Kenny Smith and Shaquille O’Neal. The four hosts will stay with the show for the durations of their contracts and may develop other new content for Warner Bros. Discovery’s cable and streaming platforms, including programs such as an “Inside Sports” show currently in development for next season, according to the company. ESPN has protections in the deal that would allow it to stop licensing the show if key hosts depart, according to two people familiar with the contract.

It’s unclear if “Inside the NBA” will contain TNT or ESPN branding when the show begins airing on Disney’s platforms next year, according to people familiar with the matter. While TNT Sports has full editorial control of the show, ESPN talent may collaborate with the hosts, the people said.

“The opportunity to continue the iconic and Emmy Award-winning ‘Inside the NBA’ is a huge win for basketball fans everywhere,” said NBA Commissioner Adam Silver in a statement. “We look forward to building on our longstanding partnership with TNT Sports and working together to promote NBA content across key WBD and NBA platforms.”

Disney and Warner Bros. Discovery have partnered several times in the past year, including on a streaming bundle that links WBD’s Max service to Disney+ and Disney’s Hulu, and on a sports-focused joint venture called Venu that’s currently in limbo due to antitrust concerns.

As a side part of the settlement that doesn’t involve the NBA, ESPN is allowing TNT to televise 13 Big 12 football games and 15 men’s basketball games each season, starting in 2025. The deal gives the Big 12 more linear TV exposure through TNT, as most of the games would have streamed exclusively on ESPN+, according to people familiar with the matter.

ESPN struck a similar…



Source link
This article was complied by AI and NOT reviewed by human. More information can be found in our Terms and Conditions.

Tags: Adam SilverAmazon.com IncBasketballBreaking News: BusinessBusinessbusiness newsComcast CorpEntertainmentgamelawsuitLiveMediaNBAreachrightsSettlementSportsTechnologyWalt Disney CoWarner Bros Discovery IncWBD
Previous Post

October sees an increase in Canadian home sales, breaking previous cold streak

Next Post

Morpheus, the decentralized AI project, launches on Mainnet

Related Posts

What we have learned from the first fatal Boeing Dreamliner crash
Stocks And Finance

What we have learned from the first fatal Boeing Dreamliner crash

June 14, 2025
CVX, UAL, NOC, RH, and additional stocks
Stocks And Finance

CVX, UAL, NOC, RH, and additional stocks

June 13, 2025
2025 Prudent Pet Insurance Review
Stocks And Finance

2025 Prudent Pet Insurance Review

June 12, 2025
New rule protecting fertility introduced by Women’s Tennis Association
Stocks And Finance

New rule protecting fertility introduced by Women’s Tennis Association

June 11, 2025
J.M. Smucker, Tesla, and Other Companies
Stocks And Finance

J.M. Smucker, Tesla, and Other Companies

June 10, 2025
Delaying Budgeting Until You’re Debt-Free? It’s Not a Plan, It’s Avoidance
Stocks And Finance

Delaying Budgeting Until You’re Debt-Free? It’s Not a Plan, It’s Avoidance

June 9, 2025
Next Post
Morpheus, the decentralized AI project, launches on Mainnet

Morpheus, the decentralized AI project, launches on Mainnet

Here is an example of a paragraph with HTML tags:

This text is bold and this text is italicized. You can also click here to visit a website.

Here is an example of a paragraph with HTML tags:



This text is bold and this text is italicized. You can also click here to visit a website.

  • Trending
  • Comments
  • Latest
Engel & Völkers reports strong performance of Canadian luxury real estate in changing market conditions

Engel & Völkers reports strong performance of Canadian luxury real estate in changing market conditions

July 18, 2024
Property Taxes in Canada: Ranking the Most and Least Affordable in 2024

Property Taxes in Canada: Ranking the Most and Least Affordable in 2024

July 2, 2024
CREA introduces the Canadian Realtors Care Award 2025, honoring a decade of community impact recognition

CREA introduces the Canadian Realtors Care Award 2025, honoring a decade of community impact recognition

October 4, 2024
June sees Canadian housing market revival after interest rate cut

June sees Canadian housing market revival after interest rate cut

July 17, 2024
Title Revision: HSBC Elevates UK Stocks, Lowers Canada By Investing.com

Title Revision: HSBC Elevates UK Stocks, Lowers Canada By Investing.com

0
BitGo to Provide Custody Services for Coins in the CoinDesk 20 Index

BitGo to Provide Custody Services for Coins in the CoinDesk 20 Index

0
Analog Devices Soars as Q2 Results and Guidance Surpass Expectations (ADI)

Analog Devices Soars as Q2 Results and Guidance Surpass Expectations (ADI)

0
Firms offering ‘Buy Now, Pay Later’ services must adhere to U.S. credit card laws

Firms offering ‘Buy Now, Pay Later’ services must adhere to U.S. credit card laws

0
What we have learned from the first fatal Boeing Dreamliner crash

What we have learned from the first fatal Boeing Dreamliner crash

June 14, 2025
CVX, UAL, NOC, RH, and additional stocks

CVX, UAL, NOC, RH, and additional stocks

June 13, 2025
Richard Silver, Toronto-based Sotheby’s representative, calls on Carney to permit foreign buyers

Richard Silver, Toronto-based Sotheby’s representative, calls on Carney to permit foreign buyers

June 13, 2025
Prairies and Newfoundland & Labrador Dominate Commercial Real Estate in Face of Trade and Economic Challenges

Prairies and Newfoundland & Labrador Dominate Commercial Real Estate in Face of Trade and Economic Challenges

June 13, 2025
Fermat Ventures

Discover the latest in stocks, finance, cryptocurrency, and real estate with Fermat Ventures. Stay informed with expert analysis, timely updates, and comprehensive coverage of the financial markets.

BROWSE BY CATEGORIES

  • Cryptocurrency
  • Real Estate
  • Stocks And Finance
No Result
View All Result

LATEST UPDATES

  • What we have learned from the first fatal Boeing Dreamliner crash
  • CVX, UAL, NOC, RH, and additional stocks
  • About Fermat Ventures Ltd.
  • Disclaimer
  • Privacy Policy
  • Copyright
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Fermat Ventures.
Fermat Ventures is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Fermat Ventures
Disclaimer

The content on this website is for informational purposes only and is not professional advice. By proceeding, you agree that Fermat Ventures Ltd. is not responsible for how you use this information. You also agree to our Privacy Policy, Disclaimer, and Terms and Conditions.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
No Result
View All Result
  • Home
  • Stocks And Finance
  • Real Estate
  • Cryptocurrency
  • About Fermat Ventures Ltd.

Copyright © 2024 Fermat Ventures.
Fermat Ventures is not responsible for the content of external sites.