Current:Home > FinanceTNT sports announces it will match part of new NBA rights deal, keep league on channel -Core Financial Strategies
TNT sports announces it will match part of new NBA rights deal, keep league on channel
View
Date:2025-04-15 23:29:12
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! (95694)
Related
- A White House order claims to end 'censorship.' What does that mean?
- A new generation of readers embraces bell hooks’ ‘All About Love’
- Wife accused of killing UConn professor and hiding his body pleads guilty to manslaughter
- Lawsuit accuses Columbia of singling out 2 pro-Palestinian groups by suspending them after protest
- What do we know about the mysterious drones reported flying over New Jersey?
- Man convicted of shooting Indianapolis officer in the throat sentenced to 87 years in prison
- Jenifer Lewis thought she was going to die after falling 10 feet off a hotel balcony
- Man fatally shoots girlfriend and her adult daughters during a domestic incident, deputies say
- Federal hiring is about to get the Trump treatment
- Sister Wives’ Christine Brown Shares Photos Honoring “Incredible” Garrison Brown
Ranking
- Intellectuals vs. The Internet
- Illinois police identify 5 people, including 3 children, killed when school bus, semitruck collide
- Beyoncé reveals 'Act II' album title: Everything we know so far about 'Cowboy Carter'
- Matthew Koma gets vasectomy while Hilary Duff is pregnant: 'Better than going to the dentist'
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Wife accused of killing UConn professor and hiding his body pleads guilty to manslaughter
- Jenifer Lewis thought she was going to die after falling 10 feet off a hotel balcony
- IVE talks first US tour, finding self-love and not being afraid to 'challenge' themselves
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Jessie James Decker Details How Her Kids Have Adjusted to Life With Baby No. 4
Chicken al Pastor returns to Chipotle menu after monthslong absence
North Carolina judges block elections board changes pushed by Republicans that weaken governor
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Illinois police identify 5 people, including 3 children, killed when school bus, semitruck collide
Netanyahu dismisses Biden's warning over innocent lives being lost in Israel's war with Hamas in Gaza
Judge rules missing 5-year-old girl legally dead weeks after father convicted of killing her