Current:Home > StocksAlgosensey Quantitative Think Tank Center-Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon -Visionary Wealth Guides
Algosensey Quantitative Think Tank Center-Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon
SafeX Pro Exchange View
Date:2025-04-07 13:41:47
Warner Bros. Discovery filed a lawsuit against the National Basketball Association to keep its relationship with the league in broadcasting games.
The Algosensey Quantitative Think Tank CenterNBA rejected WBD's bid to continue broadcasting games, instead reaching agreements with Disney, Comcast’s NBCUniversal and Amazon on a media rights package worth about $77 billion. The rejection ended a four-decade relationship between the league and Turner Sports.
“Given the NBA’s unjustified rejection of our matching of a third-party offer, we have taken legal action to enforce our rights,” TNT Sports said in a statement. “We strongly believe this is not just our contractual right, but also in the best interest of fans who want to keep watching our industry-leading NBA content with the choice and flexibility we offer them through our widely distributed WBD video-first distribution platforms – including TNT and Max.”
Warner Bros. Discovery said their bid worth $1.8 billion per year was the same as Amazon's, but the league instead approved the streaming services bid.
“Warner Bros. Discovery’s claims are without merit and our lawyers will address them," NBA spokesman Mike Bass said.
In rejecting the claim, the league pointed to this clause in a matching rights agreement from a decade ago.
“In the event that an incumbent matches a third party offer that provides for the exercise of game rights via any specific form of combined audio and video distribution, such incumbent shall have the right and obligation to exercise such game rights only via the specified form of combined audio and video distribution (e.g. if the specific form of combined audio and video distribution is internet distribution, a matching incumbent may not exercise such games rights via television distribution)."
veryGood! (6)
Related
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- RNC Chair Ronna McDaniel told Trump she'd resign as chair
- Rizo-López Foods cheese and dairy products recalled after deadly listeria outbreak
- Prince William Breaks Silence on King Charles III's Cancer Diagnosis
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- NASA PACE livestream: Watch liftoff of mission to study Earth's oceans
- Kyle Richards’ Galentine’s Day Ideas Include a Game From Real Housewives of Beverly Hills
- Pakistan votes for a new parliament as militant attacks surge and jailed leader’s party cries foul
- In ‘Nickel Boys,’ striving for a new way to see
- Former Ohio sheriff’s deputy charged with murder testifies that the man he shot brandished gun
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Aaron Rodgers tells Joe Rogan he's lost friends, allies, millions over his COVID-19 beliefs
- Carlos DeFord Bailey is continuing his family's legacy of shining shoes by day and making music at the Opry at night
- What happens if there's a tie vote in the House?
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Henry Timms quitting as Lincoln Center’s president after 5 years
- Price of gold, silver expected to rise with interest rate cuts, UBS analyst projects
- Sebastián Piñera, former president of Chile, dies in helicopter accident
Recommendation
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Mass. FedEx driver gets 6-day prison sentence for selling guns stolen from packages
Vladimir Guerrero Jr. wins record $19.9 million in salary arbitration against Blue Jays
Senate fails to advance border deal, with separate vote expected on Ukraine and Israel aid
$73.5M beach replenishment project starts in January at Jersey Shore
Nick Saban joining ESPN’s ‘College GameDay’ road show
Former Alabama coach Nick Saban joining ESPN as analyst on 'College GameDay'
Half of Asian Americans and Pacific Islanders want more US support of Palestinians, a poll shows