"NBA's Exclusive TV Rights Negotiating Window With ESPN, Warner Expected To Pass Without A Deal" - CNBC
Portfolio Pulse from Benzinga Newsdesk
The NBA's exclusive negotiating window with Disney and Warner Bros. Discovery for TV rights is set to expire without a deal, opening opportunities for new partners like Amazon, Apple, and Netflix. Despite ongoing discussions, no agreement is expected by the deadline. The NBA seeks to double its previous $24 billion media rights deal, complicating negotiations. Disney and Warner Bros. Discovery, aiming to renew their rights, have also announced a new sports streaming service launching in the fall.
April 18, 2024 | 6:33 pm
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Disney's ongoing negotiations with the NBA for TV rights are complex, with no deal expected by the deadline. Disney, alongside Warner Bros. Discovery, is also launching a new sports streaming service.
Disney's stock may see short-term volatility due to uncertainties in renewing NBA rights. However, the launch of a new sports streaming service could offset concerns by opening new revenue streams.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Warner Bros. Discovery's negotiations with the NBA for TV rights are ongoing but challenging, with no deal expected soon. The company is also part of the new sports streaming service launch.
Warner Bros. Discovery's stock might experience short-term fluctuations due to the uncertain outcome of NBA TV rights negotiations. The anticipation of a new sports streaming service could provide a positive outlook.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80