Current:Home > FinanceTNT sports announces it will match part of new NBA rights deal, keep league on channel -MacroWatch
TNT sports announces it will match part of new NBA rights deal, keep league on channel
View
Date:2025-04-25 21:52:28
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! (618)
Related
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Looking for love? You'll find it in 2024 in these 10 romance novels
- Why Abigail Spencer Is Praising Suits Costar Meghan Markle Amid Show's Revival
- Russell Simmons accused of raping, harassing former Def Jam executive in new lawsuit
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Some worry California proposition to tackle homelessness would worsen the problem
- Looking for love? You'll find it in 2024 in these 10 romance novels
- Dow tumbles more than 700 points after hot inflation report
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- 'Always kiss goodbye.' 'Invest in a good couch.' Americans share best and worst relationship advice.
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Black cemeteries are being 'erased.' How advocates are fighting to save them
- Nicki Nicole Seemingly Hints at Peso Pluma Breakup After His Super Bowl Outing With Another Woman
- Blinken speaks with Paul Whelan, American detained in Russia, for third time
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Republican Michigan elector testifies he never intended to make false public record
- Virginia Senate approves bill to allow DACA recipients to become police officers
- Nicki Nicole Seemingly Hints at Peso Pluma Breakup After His Super Bowl Outing With Another Woman
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Fall In Love With Hollywood's Most Inspiring LGBTQIA+ Couples
Illegal border crossings from Mexico plunge after a record-high December, with fewer from Venezuela
I felt like I was going to have a heart attack: Michigan woman won $500k from scratcher
Skins Game to make return to Thanksgiving week with a modern look
Brand new 2024 Topps Series 1 baseball cards are a 'rebellion against monochrome'
Man accused of killing Tennessee deputy taken into custody, sheriff says
Judge allows freedom for elderly man serving life sentence