NBA Media Rights Negotiations Heat Up as Deals with Disney and Amazon Near Finalization
Warner Bros. Discovery faces potential loss of NBA rights, impacting its stock value amid broader negotiations.
- NBA's new media rights agreement could reach $6 billion annually, a significant increase from the current $2.7 billion.
- Disney and Amazon Prime Video are close to finalizing deals to broadcast NBA games, with Amazon set to offer national streaming.
- Warner Bros. Discovery's stock plummets as it risks losing NBA rights, which could affect its future business strategy.
- NBCU bids $2.5 billion annually for NBA games, potentially outbidding Warner Bros. Discovery for broadcasting rights.
- The NBA considers expanding its media partnerships, potentially adding a fourth major broadcaster.