Current:Home > NewsTNT sports announces it will match part of new NBA rights deal, keep league on channel -Ascend Finance Compass
TNT sports announces it will match part of new NBA rights deal, keep league on channel
View
Date:2025-04-13 08:25:11
TNT Sports announced Monday that they will invoke a matching clause in its current rights deal with the National Basketball Association to retain some of its broadcast rights after its current contract ends after the 2024-2025 season.
TNT announced the move in a post on X, formerly Twitter, saying the move will, "allow fans to keep enjoying our unparalleled coverage, including the best live game productions in the industry and our iconic studio shows and talent."
TNT is the home of Inside the NBA, which is widely recognized as one of the best studio shows in sports.
USA TODAY reported earlier this month that the Association was reviewing a combined 11-year deal from Disney (ABC/ESPN), NBC and Amazon, worth approximately $76 billion.
The NBA did not immediately respond to a request for comment.
2024 Paris Olympics:LeBron James is named one of Team USA's flag bearers for Opening Ceremony
Turner reportedly matches part of Amazon package
Front Office Sports reported that TNT is aiming to take Amazon's "C" package estimated at $1.8 billion dollars and includes a conference final every other year, weekly broadcast rights, WNBA rights and early round playoff game broadcasts.
Turner did not name which contract it intended to match in its statement and did not respond to a request for further comment.
The Amazon contract included, according to The Spots Business Journal, a "poison-pill" where the value of the first three years — approximately $5.85 billion — of the deal would be placed in escrow. The Journal reported that WBD, the parent company of TNT Sports, would be able to cover the cost.
veryGood! (493)
Related
- Could your smelly farts help science?
- Here's why China's population dropped for the first time in decades
- With telehealth abortion, doctors have to learn to trust and empower patients
- A newborn was surrendered to Florida's only safe haven baby box. Here's how they work
- Meta donates $1 million to Trump’s inauguration fund
- Why Scheana Shay Has Been Hard On Herself Amid Vanderpump Rules Drama
- Here's How North West and Kim Kardashian Supported Tristan Thompson at a Lakers Game
- Feds move to block $69 billion Microsoft-Activision merger
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Garcelle Beauvais Says Pal Jamie Foxx Is Doing Well Following Health Scare
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Editors' picks: Our best global photos of 2022 range from heart-rending to hopeful
- Hydrogen Bus Launched on London Tourist Route
- A U.K. medical office mistakenly sent patients a text message with a cancer diagnosis
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Solar Acquisition Paying Off for Powertool Giant Hilti
- West Virginia Said to Be Considering a Geothermal Energy Future
- Oversight Committee subpoenas former Hunter Biden business partner
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Here are 9 Obama Environmental Regulations in Trump’s Crosshairs
With telehealth abortion, doctors have to learn to trust and empower patients
Here's How North West and Kim Kardashian Supported Tristan Thompson at a Lakers Game
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Black Panther actor Tenoch Huerta denies sexual assault allegations
Mayor Eric Adams signs executive order protecting gender-affirming care in New York City
Here's How North West and Kim Kardashian Supported Tristan Thompson at a Lakers Game