NBA says it has signed new 11-year media rights deal with Disney, NBC and Amazon
The NBA signed its 11-year media rights deal with Disney, NBC and Amazon Prime Video on Wednesday after saying it was not accepting Warner Bros. Discovery’s $1.8 billion per year offer to continue its longtime relationship with the league.
The media rights deals were approved by the league’s Board of Governors last week and will bring the league about $76 billion over those 11 years.
WBD had five days to match a part of those deals and said it was exercising its right to do so, but its offer was not considered a true match by the NBA. That means the 2024-25 season will be the last for TNT after a nearly four-decade run.
“Warner Bros. Discovery’s most recent proposal did not match the terms of Amazon Prime Video’s offer and, therefore, we have entered into a long-term arrangement with Amazon,” the league said Wednesday. ““Throughout these negotiations, our primary objective has been to maximize the reach and accessibility of our games for our fans. Our new arrangement with Amazon supports this goal by complementing the broadcast, cable and streaming packages that are already part of our new Disney and NBCUniversal arrangements. All three partners have also committed substantial resources to promote the league and enhance the fan experience.”