Current:Home > InvestTNT sports announces it will match part of new NBA rights deal, keep league on channel-InfoLens
TNT sports announces it will match part of new NBA rights deal, keep league on channel
View Date:2024-12-23 19:18:39
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! (28965)
Related
- Shaun White Reveals How He and Fiancée Nina Dobrev Overcome Struggles in Their Relationship
- Minnesota grocery store clerk dies after customer impales him with a golf club, police say
- CDC reports alarming rise in drug-resistant germs in Ukraine
- Minnesota grocery store clerk dies after customer impales him with a golf club, police say
- Seattle man faces 5 assault charges in random sidewalk stabbings
- Puppies and kittens and dolphins, oh my! Watch our most popular animal videos of the year.
- New York increases security at Jewish sites after shots fired outside Albany synagogue
- A woman is charged with manslaughter after 2 sets of young twins were killed in a 2021 London fire
- Certifying this year’s presidential results begins quietly, in contrast to the 2020 election
- Tensions are soaring between Guyana and Venezuela over century-old territorial dispute
Ranking
- Pedro Pascal's Sister Lux Pascal Debuts Daring Slit on Red Carpet at Gladiator II Premiere
- Ukraine aid in growing jeopardy as Republicans double down on their demands for border security
- At DC roast, Joe Manchin jokes he could be the slightly younger president America needs
- The inauguration of Javier Milei has Argentina wondering what kind of president it will get
- Police identify 7-year-old child killed in North Carolina weekend shooting
- Major changes to US immigration policy are under discussion. What are they and what could they mean?
- Vikings offensive coordinator arrested on suspicion of drunken driving
- Ukraine’s Zelenskyy heads to Argentina in bid to win support from developing nations
Recommendation
-
When do new episodes of 'Cobra Kai' Season 6 come out? Release date, cast, where to watch
-
International bodies reject moves to block Guatemala president-elect from taking office
-
Over 300 Rohingya Muslims fleeing Myanmar arrive in Indonesia’s Aceh region after weeks at sea
-
Amanda Bynes Returns to the Spotlight With Her Own Podcast and New Look
-
Denzel Washington teases retirement — and a role in 'Black Panther 3'
-
Save 56% On the Magical Good American Jeans That Still Fit Me After 30 Pounds of Weight Fluctuation
-
Shohei Ohtani agrees to record $700 million, 10-year contract with Dodgers
-
Iran bans Mahsa Amini’s family from traveling to receive the European Union’s top human rights prize