July 10 (Reuters) - The National Basketball Association
has finalized a $76 billion deal that will make Comcast's ( CMCSA )
NBC and Amazon.com's ( AMZN ) Amazon Prime Video new
partners, while maintaining Disney's ( DIS ) ESPN ( DIS ) as the home of
the NBA finals, the Athletic reported on Wednesday, citing
sources.
The deal worth $76 billion will extend for 11 seasons, the
report said, citing executives with direct knowledge of the
deals.
The new agreement, which is more than three times its
current deal, comes as sports becomes a powerful draw for media
companies trying to expand premium viewership.
Disney's ( DIS ) ESPN ( DIS ) and ABC, and Warner Bros Discovery's
TNT sports have been the league's two primary partners from 2002
and 1984, respectively. But media reports have said NBA has been
looking to bring in new partners to maximize returns and more
than double the deal value.
NBA has always been a star-driven sport with talents like
Michael Jordan, LeBron James and Shaquille O'Neal dominating the
games and viewership.
NBC, ESPN ( DIS ), Amazon ( AMZN ) and NBA did not immediately respond to
Reuters requests for comment.