09:27 AM EDT, 06/05/2024 (MT Newswires) -- (Updates with details after the first paragraph.)

The National Basketball Association is closing in on television deals with Comcast's ( CMCSA ) NBC, Disney's ( DIS ) ESPN ( DIS ), and Amazon.com ( AMZN ) that would bring in roughly $76 billion in media revenue over 11 years, The Wall Street Journal reported Wednesday, citing people familiar with the discussions.

NBC is expected to pay $2.5 billion annually for roughly 100 games per season, with half airing on the Peacock streaming service, sources with knowledge of the terms reportedly told the WSJ.

Amazon's ( AMZN ) $1.8 billion-a-year deal would cover regular-season and playoff games, the new in-season tournament, and "play-in" games, with a share of the conference finals, according to the report, citing people acquainted with the negotiations.

Disney's ( DIS ) deal, averaging $2.6 billion a year, will allow ESPN ( DIS ) to retain NBA Finals coverage and stream games on its new service starting in 2025, though with fewer games than its current contract, the sources reportedly told the WSJ.

These deals, starting after the 2024-2025 season, will also include WNBA rights, pending approval from NBA owners, the WSJ reported.

The NBA's announcement of these deals may still take a few more weeks, according to the report.

The NBA, Comcast ( CMCSA ), NBC News, Disney ( DIS ), ESPN ( DIS ) and Amazon ( AMZN ) did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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