Current:Home > FinanceTNT sports announces it will match part of new NBA rights deal, keep league on channel -CoinMarket
TNT sports announces it will match part of new NBA rights deal, keep league on channel
View
Date:2025-04-13 19:06:24
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! (6)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Man's body found inside Food Lion grocery store freezer in Raleigh, NC: Reports
- 2024 MTV VMAs: Blackpink's Lisa Debuts Most Risqué Look Yet in Nude Corset Dress
- Justin Timberlake reaches new plea deal in DWI case, according to DA: Reports
- The Daily Money: Spending more on holiday travel?
- UAW’s rift with Stellantis raises fear that some US auto jobs could vanish
- 9 children taken to hospital out of precaution after eating medication they found on way to school: reports
- Treasury proposes rule to prevent large corporations from evading income taxes
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Election officials ask for more federal money but say voting is secure in their states
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Georgia community grapples with questions, grief and a mass shooting
- Amazon drops 2024 'Toys We Love' list for early holiday shoppers
- Taylor Swift makes VMAs history with most career wins for a solo artist
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Judge rejects innocence claim of Marcellus Williams, Missouri inmate facing execution
- Jon Bon Jovi helps talk woman down from ledge on Nashville bridge
- Danity Kane’s Dawn Richard Accuses Sean Diddy Combs of Sexual Assault in New Lawsuit
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Man accused of starting Line Wildfire in California arrested as crews battle blaze
Georgia community grapples with questions, grief and a mass shooting
WNBA players criticize commissioner for downplaying social media vitriol
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
North Carolina’s public universities cut 59 positions as part of a massive DEI overhaul this summer
2024 MTV VMAs: Chanel West Coast Drops Jaws in Nipple Dress
NFL sets record, averages 21 million viewers per game in Week 1