Current:Home > StocksWarner Bros. Discovery sues NBA to secure media rights awarded to Amazon -NextFrontier Finance
Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon
View
Date:2025-04-14 19:13:52
Warner Bros. Discovery filed a lawsuit against the National Basketball Association to keep its relationship with the league in broadcasting games.
The NBA 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! (42)
Related
- The company planning a successor to Concorde makes its first supersonic test
- Keegan Bradley named 2025 US Ryder Cup captain by PGA of America
- Struggling to keep mosquitoes away? Here’s how to repel them.
- NRA’s ex-CFO agreed to 10-year not-for-profit ban, still owes $2M for role in lavish spending scheme
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Violent holiday weekend sees mass shootings in Michigan, Illinois and Kentucky
- Everything Marvel has in the works, from 'Agatha All Along' to 'Deadpool & Wolverine'
- Beryl leaves millions without power, heads toward Mississippi: See outage map
- Military service academies see drop in reported sexual assaults after alarming surge
- Why Bachelorette Fans Are Comparing Jenn Tran's First Impression Rose Winner to This Controversial Star
Ranking
- The White House is cracking down on overdraft fees
- Beryl leaves millions without power as heat scorches Texas; at least 8 dead: Live updates
- Beyoncé Cécred scholarship winner says she 'was shocked' to receive grant
- Why 'Bachelorette' Jenn Tran kissed only one man during premiere: 'It's OK to just say no'
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Can a shark swim up a river? Yes, and it happens more than you may think
- No relief: US cities with lowest air conditioning rates suffer through summer heat
- Homes are selling below list price. That's bad for sellers, good for buyers
Recommendation
Dick Vitale announces he is cancer free: 'Santa Claus came early'
Tour de France standings, results: Belgium's Jasper Philipsen prevails in Stage 10
Coast Guard suspends search for missing boater in Lake Erie; 2 others found alive, 1 dead
The Daily Money: Temp jobs in jeopardy
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Julia Fox seemingly comes out as lesbian in new TikTok: 'So sorry, boys'
Sparked by fireworks, New Jersey forest fire is 90% contained, authorities say
MLB Home Run Derby taking shape: Everything you need to know