Alex Sherman covers media for CNBC.
With National Basketball Association media rights approaching final form, Warner Bros. Discovery is about to make its play. The league has sent official terms of its proposed new media rights contacts to Warner Bros. Discovery, starting a five-day period where the media company can choose to match a package of broadcasting rights. A TNT spokesperson confirmed the receipt of the documents and acknowledged the company is currently reviewing the terms. Warner Bros.
The company plans to argue that its matching rights — a holdover from its current media rights deal — applies to Amazon’s package of games, even though that package has been earmarked for a streaming-only service. Along with its cable network TNT, Warner Bros. Discovery owns Max, a competitor to Amazon’s Prime Video. Still, Max has fewer subscribers than Prime Video, at about 100 million versus Prime’s more than 200 million monthly global subscribers. The NBA rights are U.S.-only.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NBA sends media terms to Warner Bros. Discovery, officially starting five-day match periodWarner Bros. Discovery has received the terms of the NBA’s new media rights framework, allowing the company to use its matching rights on a package of…
Read more »
NBA sends media terms to Warner Bros. Discovery, officially starting five-day match periodWarner Bros. Discovery has received the terms of the NBA's new media rights framework, allowing the company to use its matching rights on a package of games.
Read more »
NBA Rights Deal Report: Warner Bros. Discovery Matching Amazon OfferLast week, Andrew Marchand from The Athletic/The New York Times reported that NBCUniversal, Amazon's Prime Video, and Disney/ESPN were close to finalizing their respective NBA broadcasting rights deals, which could reportedly be (according to sources) for 11 seasons and worth $76 billion – beginning after the 2024-2025 season.
Read more »
Warner Bros. Discovery reportedly mulls breaking up media giant to boost sagging stockWarner Bros. Discovery, the parent company of CNN and HBO, is reportedly weighing a plan to split its digital streaming and studio businesses from its legacy television networks in order to boost i…
Read more »
Nolte: Warner Bros. Discovery Slashes 1,000 More Jobs, Talks Studio SplitSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Warner Bros. Discovery might split up to pay the billsWarner Bros. Discovery might split up to pay the bills Warner Bros. Discovery CEO David Zaslav considers breaking up company
Read more »