NBC Sports hopes to make an aggressive bid to bring back the NBA, sources say
Publishing timestamp: 2023-02-13 21:27:41
Summary
NBC Sports is preparing to make a strong bid to win back NBA broadcast rights more than 20 years after they lost them to Disney and Turner Sports. Apple and Amazon have also expressed interest in buying rights to NBA. No formal discussions can take place with non-incumbent bidders until Warner Bros. Discovery and Disney agree to waive their exclusive negotiation windows. Disney is expected to bid on a package of rights for ESPN, ESPN+, and ABC. Warner Bros. Discovery's interest in NBA is unclear. NFL obtained 40-80% increases for its media rights when it renewed its deal in 2021, and NBA is likely to increase revenue from its new TV deal by 100%.
Sentiment: NEUTRAL
Tickers: WBD, DIS, CMCSA, AAPL, AMZN,
Keywords: business, apple inc, sports, media, walt disney co, technology, amazon.com inc, warner bros discovery inc, comcast corp, breaking news: business, business news,
Source: https://www.cnbc.com/2023/02/13/nbc-sports-prepared-to-make-nba-bid.html