"NBC Prepares Roughly $2.5B A Year Offer To Steal NBA Rights Away From TNT; League Is In Advanced Stages Of A New Round Of Media-Rights Deals; Disney's Payments Would Increase Under Proposed Deal"

"NBC Prepares Roughly $2.5B A Year Offer To Steal NBA Rights Away From TNT; League Is In Advanced Stages Of A New Round Of Media-Rights Deals; Disney's Payments Would Increase Under Proposed Deal" - WSJ

+2.19%

+1.91%

Comcast Corporation Class A

CMCSA

38.22

+2.19%

Warner Bros Discovery

WBD

10.69

+1.91%

https://www.wsj.com/business/media/nbc-prepares-roughly-2-5-billion-a-year-offer-to-steal-nba-rights-away-from-tnt-e6e14eeb?mod=latest_headlines

Comcast's NBCUniversal is prepared to pay an average of about $2.5 billion a year to air a package of National Basketball Association games, as rival Warner Bros. Discovery makes last-ditch efforts to keep those rights, say people familiar with the situation.

Warner's TNT is one of the league's oldest TV partners and has paid an average fee of $1.2 billion under its current deal. Warner was unable to reach a new pact with the NBA before an exclusive negotiating window expired last week, which allowed NBC to make a bid.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.