financetom
Business
financetom
/
Business
/
NBC plans about $2.5 bln offer for NBA broadcast rights, WSJ reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
NBC plans about $2.5 bln offer for NBA broadcast rights, WSJ reports
Apr 29, 2024 3:52 PM

April 29 (Reuters) - Comcast's ( CMCSA ) NBCUniversal is

planning to pay an average of about $2.5 billion a year to

broadcast a package of National Basketball Association (NBA)

games, the Wall Street Journal reported on Monday, citing people

familiar with the matter.

Warner Bros Discovery's ( WBD ) TNT has paid an average

fee of $1.2 billion under its current deal, but was unable to

reach a new pact with the NBA before an exclusive negotiating

window expired last week, according to the report.

Warner began airing the games in 1984, while Walt Disney's ( DIS )

ESPN ( DIS ) sports network began broadcasting the NBA in 2002.

Disney ( DIS ) is expected to pay an average per-year

fee of about $2.6 billion to renew its deal, WSJ reported,

citing sources, up from about $1.5 billion per year now.

NBCUniversal and its parent Comcast ( CMCSA ), Warner Bros Discovery ( WBD ),

and the NBA did not immediately respond to Reuters requests for

comment. Disney ( DIS )-owned ESPN ( DIS ) declined to comment.

(Reporting by Jaspreet Singh in Bengaluru; Editing by Anil

D'Silva)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Flexport Collaborating With BlackRock on $250 Million Supply Chain Credit Facility
Market Chatter: Flexport Collaborating With BlackRock on $250 Million Supply Chain Credit Facility
Aug 27, 2025
11:32 AM EDT, 08/27/2025 (MT Newswires) -- Flexport, a supply chain technology company, said Wednesday it is collaborating with funds and accounts managed by BlackRock ( BLK ) to offer up to $250 million in inventory and supply chain financing to its clients. Through Flexport Capital, the program will provide companies with working capital for inventory, shipping, term loans, credit...
Power Solutions International, HD Hyundai Infracore Collaborate to Supply Engines in North America
Power Solutions International, HD Hyundai Infracore Collaborate to Supply Engines in North America
Aug 27, 2025
11:34 AM EDT, 08/27/2025 (MT Newswires) -- Power Solutions International ( PSIX ) said Wednesday it signed an agreement with HD Hyundai Infracore to expand industrial engine offerings in North America. Under the agreement, Power Solutions will market, develop, and distribute Hyundai's Tier 4 and Euro Stage V diesel engines, the company said. The agreement also includes the gasification development...
--Street Color: Warner Bros. Appoints Brad Singer as Post-Separation Finance Chief
--Street Color: Warner Bros. Appoints Brad Singer as Post-Separation Finance Chief
Aug 27, 2025
11:38 AM EDT, 08/27/2025 (MT Newswires) -- Price: 11.96, Change: +0.15, Percent Change: +1.31 ...
Cracker Barrel Drops New Logo Following Social Media Backlash, Reinstates 'Old Timer' Design
Cracker Barrel Drops New Logo Following Social Media Backlash, Reinstates 'Old Timer' Design
Aug 27, 2025
11:35 AM EDT, 08/27/2025 (MT Newswires) -- Cracker Barrel Old Country Store's ( CBRL ) shares rose Wednesday as the restaurant chain said it will bring back its old logo and drop the new one, which had sparked a social public backlash. Last week, the company unveiled a new logo that scrapped the image of a man sitting in a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved