Sports
NBA on the verge of a deal with Amazon, NBC and ESPN, potentially leaving TNT on the bench – Los Angeles Times
It’s crunch time in the NBA’s negotiations for a new media rights deal that could have a significant effect on the TV business.
The NBA has finalized the contracts for a new 11-year deal that will return its games to broadcast network NBC and bring the league to Amazon’s Prime Video streaming platform, according to a person familiar with the matter who was not authorized to comment.
Hollywood Inc.
As the universe of cable homes gets smaller, teams are turning back to broadcast channels to reach more fans.
Oct. 11, 2023
The contracts, first reported by the New York Times, will pay the league $76 billion over the term and will go to team owners for approval next week, . Current NBA rights holder Warner Bros. Discovery’s TNT will have an opportunity to make a matching offer.
If TNT does not match, it will lose the NBA after the 2024-25 season, depriving it of a cornerstone of its programming.
Representatives at NBC Sports, TNT and Amazon declined to comment on the negotiations. The NBA did not respond to requests for comment.
Another person familiar with the situation who was not authorized to comment said Warner Bros. Discovery had not been officially told by the league that the other contracts had been finalized.
The NBA’s departure from TNT would be the most significant loss of a TV sports property since CBS was outbid by Fox for the NFL’s National Football Conference package in 1993. The addition of the NFL transformed Fox into a full-fledged broadcast network, while CBS went into a tailspin, losing viewers and key affiliate stations.
The new NBA deal would also spell the end of “Inside the NBA,” TNT’s highly regarded studio show with Charles Barkley, Shaquille O’Neal, Kenny Smith and Ernie Johnson.
NBC parent company Comcast is expected to pay $2.5 billion a year in the new deal. NBC, which has the ability to reach nearly every household in the U.S., will carry an exclusive weekly prime-time game and a piece of the conference finals in the new package. Comcast also gets some games for its streaming platform Peacock.
NBC last held NBA media rights from 1990 to 2002 during the championship reign of Michael Jordan’s Chicago Bulls. (Longtime fans are already anticipating the return of John Tesh’s “Roundball Rock,” the rhythmic theme music NBC used during its coverage.)
Warner Bros. Discovery Chief Executive David Zaslav may end up being haunted by comments he made at a 2022 investor conference where he said the company did not need the NBA. The remark was taken as a signal that Zaslav was unwilling to enter a deal that did not make financial sense for a company with about $40 billion in debt.
Barkley recently told sports talk host Dan Patrick that Zaslav’s remarks “probably p— off” NBA Commissioner Adam Silver.
Barkley, regarded as one of the top in-studio sports analysts, has been publicly critical of Warner Bros. Discovery’s
handling of the negotiations and said he would retire from television after next season. But it’s likely that his services will be coveted by one of the new partners in the new deal.
Hollywood Inc.
Fox, ESPN and Warner Bros. Discovery are putting their sports properties under one streaming platform. How much will you pay and will it be worth it?
Feb. 8, 2024
Zaslav’s stance on the NBA was ill-timed, as the demand for live sports has escalated in recent years. They are considered the last reliable source of programming with the ability to attract mass audiences to live TV.
Traditional TV networks need live sports more than ever as they try to retain advertising dollars and negotiating leverage when dealing with pay-TV carriers for carriage fees. Streaming services are also aggressively pushing into live sports as they seek to get a larger share of the TV ad market.
Amazon will pay $1.8 billion a year for a new package on Prime Video, the largest of its kind between one of the major U.S. sports leagues and a streaming service. (Amazon pays $1 billion a year to the NFL for the exclusive rights to “Thursday Night Football.”)
Prime Video will carry weekly regular season games and the NBA Cup, a mid-season tournament launched last year. The streaming service will also get the NBA’s play-in tournament, in which the teams ranked between seventh and 10th over the regular season face off for the final two playoffs seeds in their conference. Playoff contests and some WNBA games are also included in the package.
Hollywood Inc.
The newly christened platform from Fox Corp., Walt Disney Co. and Warner Bros. Discovery is scheduled to launch in the fall. Pricing has yet to be disclosed.
May 16, 2024
Comcast will carry regular season contests, including prime-time games on NBC and Peacock. Comcast hopes the NBA will attract new subscribers to the streaming service. Peacock has 34 million subscribers, well behind other streaming services such as Netflix, Max and Paramount+.
Walt Disney Co. maintains the rights to the NBA Finals, which will continue to air on broadcast network ABC. Disney’s ESPN will also continue to carry regular season and playoff games. Disney will pay $2.8 billion per year, up from $1.4 billion in the current deal.
Warner Bros. Discovery will now have to negotiate its next round of deals without offering the NBA at a time when such talks are increasingly contentious. Pay-TV distributors are battling to keep costs down as their customer bases continue to shrink.
Lower subscriber fees will also affect Warner Bros. Discovery’s role in Venu Sports, a planned joint venture with Disney and the Fox Corp. set to launch this fall.
Venu will carry linear channels such as ESPN, TNT and Fox and is aimed at sports fans who currently don’t have pay TV subscriptions. The revenues from Venu will be based on what the networks receive from pay TV carriers.
Warner Bros. Discovery still holds the rights to NHL, Major League Baseball and the NCAA men’s basketball tournament. Perhaps in anticipation of losing the NBA, Warner Bros. Discovery recently made a deal to sublicense some College Football Playoff games from ESPN and acquired the rights to the French Open tennis tournament.
June 14, 2024
June 5, 2024
May 15, 2024
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
Follow Us
Stephen Battaglio writes about television and the media business for the Los Angeles Times out of New York. His coverage of the television industry has appeared in TV Guide, the New York Daily News, the New York Times, Fortune, the Hollywood Reporter, Inside.com and Adweek. He is also the author of three books about television, including a biography of pioneer talk show host and producer David Susskind.
World & Nation
Obituaries
July 14, 2024
Climate & Environment
July 14, 2024
Climate & Environment
July 14, 2024
Hollywood Inc.
July 13, 2024
Hollywood Inc.
July 13, 2024
Hollywood Inc.
July 12, 2024
Subscribe for unlimited access
Site Map
Follow Us
MORE FROM THE L.A. TIMES