Current:Home > NewsTNT sports announces it will match part of new NBA rights deal, keep league on channel -CapitalEdge
TNT sports announces it will match part of new NBA rights deal, keep league on channel
View
Date:2025-04-17 08:49:29
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! (4829)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Former longtime South Carolina congressman John Spratt dies at 82
- Don't let hackers fool you with a 'scam
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- See you latte: Starbucks plans to cut 30% of its menu
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Travis Hunter, the 2
- The Super Bowl could end in a 'three
Ranking
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Military service academies see drop in reported sexual assaults after alarming surge
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Global Warming Set the Stage for Los Angeles Fires
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Recommendation
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Global Warming Set the Stage for Los Angeles Fires
Louvre will undergo expansion and restoration project, Macron says
The Grammy nominee you need to hear: Esperanza Spalding
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Trump invites nearly all federal workers to quit now, get paid through September