Current:Home > InvestTNT sports announces it will match part of new NBA rights deal, keep league on channel -Edge Finance Strategies
TNT sports announces it will match part of new NBA rights deal, keep league on channel
View
Date:2025-04-15 05:28:15
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! (5578)
Related
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Rich Homie Quan, 'Type of Way' and Rich Gang rapper, dies at 34: Reports
- Before Hunter Biden’s guilty plea, he wanted to enter an Alford plea. What is it?
- Missouri judge says abortion-rights measure summary penned by GOP official is misleading
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- A Legionnaire’s disease outbreak has killed 3 at an assisted living facility
- Mexican drug cartel leader agrees to be transferred from Texas to New York
- Gen Z is overdoing Botox, and it's making them look old. When is the right time to get it?
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- US widens indictment of Russians in ‘WhisperGate’ conspiracy to destroy Ukrainian and NATO systems
Ranking
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Behati Prinsloo's Sweet Photos of Her and Adam Levine's Kids Bring Back Memories
- Is that cereal box getting smaller? Welcome to the bewildering world of shrinkflation.
- Orano USA to build a multibillion-dollar uranium enrichment facility in eastern Tennessee
- Buckingham Palace staff under investigation for 'bar brawl'
- An ex-Mafia hitman is set for sentencing in the prison killing of gangster James ‘Whitey’ Bulger
- Two 27-year-olds killed when small plane crashes in Georgia
- Travis Kelce Shares How His Family Is Navigating Fame Amid Taylor Swift Romance
Recommendation
South Korean president's party divided over defiant martial law speech
Chiefs hold off Ravens 27-20 when review overturns a TD on final play of NFL’s season opener
Is that cereal box getting smaller? Welcome to the bewildering world of shrinkflation.
Women lawmakers take the lead in shaping policy in Nebraska. Advocates hope other states follow.
'We're reborn!' Gazans express joy at returning home to north
Fight Common Signs of Aging With These Dermatologist-Approved Skincare Products
Is Chrishell Stause Outgrowing Selling Sunset? She Says…
Forget Halloween, it's Christmas already for some American shoppers