Current:Home > ContactTNT sports announces it will match part of new NBA rights deal, keep league on channel -Summit Capital Strategies
TNT sports announces it will match part of new NBA rights deal, keep league on channel
View
Date:2025-04-18 02:43:05
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! (64333)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- AP Week in Pictures: Latin America and Caribbean
- An American tourist is arrested for smashing ancient Roman statues at a museum in Israel
- 'This Book Is Banned' introduces little kids to a big topic
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- The Danger Upstream: In Disposing Coal Ash, One of These States is Not Like the Others
- Fire in Lebanese prison leaves 3 dead and 16 injured
- Puerto Rican man who bred dogs for illegal fighting for decades sentenced to 7 years in prison
- Military service academies see drop in reported sexual assaults after alarming surge
- Powerball at its 33rd straight drawing, now at $1.4 billion
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Biden administration hasn't changed policy on border walls, Mayorkas says
- Police issue arrest warrant for 19-year-old acquaintance in death of Philadelphia journalist
- Biden's Title IX promise to survivors is overdue. We can't wait on Washington's chaos to end.
- This was the average Social Security benefit in 2004, and here's what it is now
- EU summit to look at changes the bloc needs to make to welcome Ukraine, others as new members
- Boy thrown from ride at Virginia state fair hospitalized in latest amusement park accident
- Whales and dolphins in American waters are losing food and habitat to climate change, US study says
Recommendation
Nearly half of US teens are online ‘constantly,’ Pew report finds
Palestinians march at youth’s funeral procession after settler rampage in flashpoint West Bank town
Giraffe poop seized at Minnesota airport from woman planning to make necklace out of it
A Florida man who shot down a law enforcement drone faces 10 years in prison
What to watch: O Jolie night
Crocs unveils boldest shoe design yet in response to fans, just in time for 'Croctober'
Winners and losers of 'Thursday Night Football': Bears snap 14-game losing streak
AP Week in Pictures: Latin America and Caribbean