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Media Deals

All articles tagged with #media deals

DOJ Probes NFL Media Deals for Antitrust Risk
business1 day ago

DOJ Probes NFL Media Deals for Antitrust Risk

The U.S. Department of Justice has opened an antitrust probe into the NFL’s media rights deals, citing concerns that current arrangements may affect affordability and fair access under the 1961 Sports Broadcasting Act; regulators note fans face rising costs as games appear across many streaming services, while the league defends its distribution model as fan-friendly. The probe comes as the NFL weighs reopening roughly $110 billion in 11-year deals with Fox, Paramount, Disney, NBCUniversal, and Amazon after the 2029–30 season, following Paramount’s merger with Skydance.

via Deadline|
#antitrust#business#doj
Dana White Indicates UFC Media Deal Will Involve Multiple Networks
business9 months ago

Dana White Indicates UFC Media Deal Will Involve Multiple Networks

The UFC is in ongoing negotiations for a new broadcast rights deal, with multiple networks interested, including ESPN, Netflix, Amazon Prime, and Warner Bros. Discovery. The deal may be split among several outlets, and negotiations could extend until September, with the UFC seeking around $1 billion annually. The outcome remains uncertain as discussions continue.

via mmafighting.com|
#broadcast-rights#business#media-deals
Stephen A. Smith Nears Historic $120M ESPN Deal
sports-media1 year ago

Stephen A. Smith Nears Historic $120M ESPN Deal

ESPN and Stephen A. Smith are negotiating a potential six-year, $120 million contract, which would make Smith the highest-paid on-air personality at ESPN without a licensing deal. While reports suggest a deal is close, Smith has denied this, emphasizing his discretion in contract talks. The contract, if finalized, would include contributions from Disney Entertainment and ESPN's sports gambling arm. Smith currently earns $12 million annually, and the new deal could see him earning nearly $20 million per year.

via The Athletic|
#contract-negotiations#espn#media-deals
2024 NHL Team Valuations: Ranking All 32 Franchises
sports-business1 year ago

2024 NHL Team Valuations: Ranking All 32 Franchises

The average NHL team is now valued at $1.92 billion, driven by steady revenue growth, a hard salary cap, and a revenue-sharing system that ensures profitability. For the 2023-24 season, the NHL's hockey-related revenue reached $6.3 billion, an 8.6% increase from the previous year, with record national sponsorship and gate receipt revenues. These factors, along with lucrative media deals, have improved the financial standing of the league's 32 teams, with an average EBITDA of $45 million on $223 million in revenue.

via NBC News|
#media-deals#nhl#profitability
NHL Team Valuations 2024: Ranking All 32 Franchises
sports1 year ago

NHL Team Valuations 2024: Ranking All 32 Franchises

The average NHL team is now valued at $1.92 billion, with the Toronto Maple Leafs leading at $4 billion, according to CNBC's 2024 NHL Valuations. The league's growth is driven by steady revenue increases, a hard salary cap, and revenue-sharing, ensuring profitability. For the 2023-24 season, the NHL's revenue reached $6.3 billion, an 8.6% increase from the previous year, with record sponsorship and gate receipt revenues. The average team posted an EBITDA of $45 million on $223 million in revenue, highlighting the league's financial health.

via CNBC|
#media-deals#nhl#profitability
NBA Eyes Expansion Amid New Media Rights Deal and Revenue Concerns
sports1 year ago

NBA Eyes Expansion Amid New Media Rights Deal and Revenue Concerns

NBA Commissioner Adam Silver announced that the league will begin the expansion process this fall after finalizing new media deals, which reportedly include Amazon. Seattle and Las Vegas are potential markets for new teams. Silver emphasized the complexity of expansion, including financial and talent considerations. Seattle has been without an NBA team since 2008, but local interest in bringing the NBA back remains strong.

via KOMO News|
#expansion#las-vegas#media-deals
NWSL Secures Groundbreaking $240 Million Media Deals with CBS, ESPN, Amazon
sports2 years ago

NWSL Secures Groundbreaking $240 Million Media Deals with CBS, ESPN, Amazon

The National Women's Soccer League (NWSL) has announced a four-year media distribution contract with CBS Sports, ESPN, Amazon Prime Video, and Scripps Sports, set to begin in 2024. The deal, worth $240 million, includes agreements for 118 national windows on the media channels and is expected to generate record-breaking distribution and revenue. The NWSL will have matches aired on CBS, ESPN, and Amazon, with additional streaming options on Paramount+ and ESPN+. This partnership marks a significant milestone for the league and its players, expanding its reach and economic value.

via CNBC|
#amazon#cbs-sports#espn