Clay Court Takeover: TNT Sports To Bring French Open To US Fans Starting 2025
Portfolio Pulse from Shivani Kumaresan
Warner Bros. Discovery (WBD) has secured a 10-year broadcasting deal through TNT Sports to cover the French Open in the U.S. starting in 2025. This deal, valued at around $650 million, marks a significant expansion for WBD and includes exclusive live coverage on TNT, TBS, truTV, and Max. The deal comes as WBD faces potential loss of NBA broadcasting rights and is co-launching a new sports streaming service, Venu Sports, with Fox and Disney's ESPN.
June 12, 2024 | 12:40 pm
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POSITIVE IMPACT
Disney's ESPN is co-launching a new sports streaming service, Venu Sports, with WBD and Fox. This initiative aims to enhance viewer engagement across different sports disciplines.
The co-launch of Venu Sports with WBD and Fox positions Disney's ESPN to capture a broader audience and enhance viewer engagement, which could positively impact Disney's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Warner Bros. Discovery has secured a 10-year deal to broadcast the French Open in the U.S. starting in 2025, valued at around $650 million. This deal significantly expands WBD's sports coverage and comes at a crucial time as the company faces potential loss of NBA broadcasting rights.
The 10-year broadcasting deal for the French Open significantly enhances WBD's sports portfolio, potentially offsetting the impact of losing NBA broadcasting rights. This strategic move is likely to positively influence WBD's stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100