The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

Here’s what the NBA’s new media deal means for hoops fans

by admin July 27, 2024
July 27, 2024
Here’s what the NBA’s new media deal means for hoops fans

The NBA announced a new media deal late Wednesday that would end its long-standing relationship with TNT, while adding and restarting partnerships with Amazon and NBC — expanding the reach of professional hoops but potentially posing new access issues to fans.

Starting in the 2025-2026 season, existing partner ABC and its sister network ESPN will now share broadcast rights with Amazon Prime Video, NBC and the NBCUniversal-owned Peacock. The league is seeking to wind down its 35-year tie-up with TNT, although it is now facing a lawsuit from TNT’s parent, Warner Bros. Discovery, as it does so.

Barring a dramatic last-minute change, all of this means the upcoming 2024-2025 season will be the last to feature the popular ‘NBA on TNT’ broadcast. Co-anchor and NBA Hall of Famer Charles Barkley said last month he would retire from TV following this season.

“Our new global media agreements with Disney, NBCUniversal and Amazon will maximize the reach and accessibility of NBA games for fans in the United States and around the world,” NBA Commissioner Adam Silver said in a statement. “These partners will distribute our content across a wide range of platforms and help transform the fan experience over the next decade.”

Comcast’s NBCUniversal is the parent company of NBC News.

The new arrangement means that a year from now, NBA fans looking for a complete national viewing schedule will have to subscribe to two streaming platforms: Peacock and Amazon Prime Video. And if they want to avoid traditional TV entirely, they’ll need a third: ESPN’s upcoming streaming service.

Still, many games will be available through traditional broadcast channels on ABC and NBC, and through cable via ESPN. The NBA will continue to sell a separate League Pass subscription that starts at $14.99 a month.

Here’s what a sample basketball week looks like according to the new agreement:

Early-round playoff games will also be split up among the networks; ABC will remain the exclusive home of the NBA Finals.

The deal also includes expanded WNBA coverage among those networks, with 125 games slated to be televised.

The deal marks a return of the basketball league to NBC after a run from 1990 to 2002 that coincided with the game’s rise to international popularity led by stars such as Michael Jordan, Shaquille O’Neal and Kobe Bryant. Mike Tirico will anchor the network’s coverage, NBC Sports President Rick Cordella told Richard Deitsch of The Athletic on Wednesday.

For the past 22 years, games have been split among ABC, ESPN (both owned by Disney) and TNT. The most recent agreements with those networks generated $24 billion, according to CNBC.

With the new deal, the NBA has nearly tripled that figure to approximately $76 billion, according to The Associated Press.

Live sporting events are highly coveted by broadcast groups because of the viewership they can command. This year’s regular season averaged 1.09 million viewers across ABC, ESPN, TNT and the league-owned NBA TV. While that was up just 1% from last year, it was the highest all-network average in four years, according to Sports Media Watch. 

Last year’s NBA playoffs was the most watched in 11 years, according to Nielsen.

In fact, annual ratings churn is not necessarily the most important part of the negotiations for sports broadcast rights. Rather, the slate of games themselves — known as ‘inventory’ in the industry — is valuable in itself as it ensures a consistent audience.

‘Inventory is what matters,’ said Jon Lewis, who runs SportsMediaWatch.com. ‘If you’re trying to build up a streaming service like Peacock, or Amazon sports, that inventory is a big deal. They’re clearly willing to pay a lot for it.’

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Balancing a fixed income with inflation, a Georgia retiree feels stuck
next post
Chipotle says restaurants will give bigger servings after complaints over measly portions

Related Posts

OpenAI introduces Operator to automate tasks like vacation...

January 24, 2025

‘Moana 2’-led Thanksgiving box office could be best...

November 28, 2024

NFL’s next big media rights payday is years...

September 6, 2024

Four minors found working at Alabama poultry plant...

May 21, 2024

Mortgage refinance demand jumps to a 2-year high,...

July 18, 2024

U.S. economy grew at a 2.8% pace in...

July 26, 2024

U.S. charges former Wamco executive Kenneth Leech with...

November 27, 2024

Panera Brands CEO steps down; CFO to fill...

January 9, 2025

Is a Chinese chain’s blood orange cold brew...

July 7, 2025

Netflix hunts for a production partner for its...

June 17, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Bed Bath & Beyond relaunches with first store in Nashville, plans dozens more

      August 10, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      August 10, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 10, 2025
    • Sydney Sweeney jeans controversy making advertising great again

      August 10, 2025
    • Nagasaki mayor issues chilling warning on 80th anniversary of atomic bombing

      August 10, 2025
    • Kash Patel celebrates major FBI achievements and record seizures during Trump’s first 200 days in office

      August 10, 2025

    Categories

    • Business (1,330)
    • Politics (4,206)
    • Stocks (1,577)
    • Uncategorized (45)
    • World News (1,323)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved