"Amazon's $100M Investment Saves Diamond Sports from Bankruptcy"
TL;DR
Amazon is set to partner with Diamond Sports as part of a restructuring agreement to help the largest owner of regional sports networks emerge from bankruptcy. Diamond Sports, which owns 18 networks under the Bally Sports banner, has been in Chapter 11 bankruptcy proceedings with a debt of $8.67 billion. The agreement includes Amazon making a minority investment in Diamond and entering into a commercial arrangement to provide access to Diamond's content via Prime Video. This deal aims to prevent a collapse of the regional sports network system and will allow customers to access local team content on Prime Video channels.
- Amazon to invest in Diamond Sports as part of bankruptcy deal ESPN
- Diamond Sports Group Announces Restructuring Deal Featuring Investment From Amazon MLB Trade Rumors
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- Amazon to help save bankrupt Diamond Sports with $100M deal to stream five MLB teams: sources New York Post
- Diamond Sports Announces Deal With Amazon, Creditors to Restructure Sportico
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