Current:Home > InvestTNT sports announces it will match part of new NBA rights deal, keep league on channel -Wealthify
TNT sports announces it will match part of new NBA rights deal, keep league on channel
View
Date:2025-04-13 18:18:47
TNT Sports announced Monday that they will invoke a matching clause in its current rights deal with the National Basketball Association to retain some of its broadcast rights after its current contract ends after the 2024-2025 season.
TNT announced the move in a post on X, formerly Twitter, saying the move will, "allow fans to keep enjoying our unparalleled coverage, including the best live game productions in the industry and our iconic studio shows and talent."
TNT is the home of Inside the NBA, which is widely recognized as one of the best studio shows in sports.
USA TODAY reported earlier this month that the Association was reviewing a combined 11-year deal from Disney (ABC/ESPN), NBC and Amazon, worth approximately $76 billion.
The NBA did not immediately respond to a request for comment.
2024 Paris Olympics:LeBron James is named one of Team USA's flag bearers for Opening Ceremony
Turner reportedly matches part of Amazon package
Front Office Sports reported that TNT is aiming to take Amazon's "C" package estimated at $1.8 billion dollars and includes a conference final every other year, weekly broadcast rights, WNBA rights and early round playoff game broadcasts.
Turner did not name which contract it intended to match in its statement and did not respond to a request for further comment.
The Amazon contract included, according to The Spots Business Journal, a "poison-pill" where the value of the first three years — approximately $5.85 billion — of the deal would be placed in escrow. The Journal reported that WBD, the parent company of TNT Sports, would be able to cover the cost.
veryGood! (2)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- There's something fishy about your seafood. China uses human trafficking to harvest it.
- Sen. Tim Scott says $6 billion released in Iran prisoner swap created market for hostages
- Exxon Mobil buys Pioneer Natural in $59.5 billion deal with energy prices surging
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Huge rocket motors arrive at Los Angeles museum for space shuttle Endeavour display
- Rockets fly, planes grounded: Americans struggle to escape war in Israeli, Palestinian zones
- Third man sentenced in Michael K. Williams' accidental overdose, gets 5 years for involvement
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Chinese carmaker Geely and Malaysia’s Proton consider EV plant in Thailand, Thai prime minister says
Ranking
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Horoscopes Today, October 11, 2023
- Book excerpt: Sly Stone's memoir, Thank You (Falettinme Be Mice Elf Agin)
- Why are there multiple Amazon Prime Days in 2023? Here's what to know.
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Unifor, GM reach deal on new contract, putting strike on hold in Canada
- Dominican Republic has partially reopened its border with Haiti. But a diplomatic crisis persists
- Family Dollar issues huge recall for over-the-counter drugs, medical devices in 23 states
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
There's something fishy about your seafood. China uses human trafficking to harvest it.
Prosecutors name 3rd suspect in Holyoke shooting blamed in baby’s death, say he’s armed and hiding
Will Smith and Jada Pinkett Smith have been separated since 2016, she says
The company planning a successor to Concorde makes its first supersonic test
Ex-NFL Player Sergio Brown Arrested in Connection With His Mom's Death
Salman Rushdie's new memoir 'Knife' to chronicle stabbing: See release date, more details
Kenya ends arrangement to swap doctors with Cuba. The deal was unpopular with Kenyan doctors