The NBA is picking its TV partners — and a deal hinges on Warner Bros. Discovery's next move
Publishing timestamp: 2024-05-16 19:14:28
Summary
Warner Bros. Discovery and NBA are in discussions about a new broadcast deal, with NBCUniversal also in the mix. The NBA could potentially triple the value of its new deal, but Warner Bros. Discovery's ability to match NBCUniversal's bid is uncertain. Warner Bros. Discovery, Disney, and Fox plan to launch a new sports streaming platform called Venu. If Warner Bros. Discovery loses the NBA rights, it could impact the value of the service. Warner Bros. Discovery may use the money saved to invest in other sports content.
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Keywords: warner bros discovery inc, breaking news: business, technology, amazon.com inc, media, walt disney co, fox corp. class b, business news, fox corp. class a, comcast corp,
Source: https://www.cnbc.com/2024/05/16/nba-tv-rights-deal-hinges-on-warner-bros-discovery.html