Tag: sports rights

Reliance Industries and Disney have merged their media assets, including Star India, Viacom18, JioCinema, and Hotstar, in an $8.5 billion deal, creating one of India’s largest entertainment entities. The joint venture combines over 100 TV channels, 30,000 annual hours of…

Amazon is expanding its Prime Video ads to five new international markets in 2025, including Brazil and India, while increasing ad volume in the U.S. The company hints at Prime Video’s potential profitability as a standalone service, thanks to ad-supported…

Jeff Zucker sees opportunities for media companies to create their own sports events and leagues as live sports rights are locked into long-term deals. He highlights the potential of "owned and operated" properties like Netflix's sports events and Redbird's Players…

Venu Sports, the joint streaming venture between ESPN, Fox, and TNT Sports, may be scrapped, but Wells Fargo analyst Steven Cahall suggests ESPN could return to its original plan of licensing Fox Sports content for its “ESPN Flagship” service by…

Amazon is upgrading its Thursday Night Football broadcasts with AI features, including defensive alerts, coverage ID, and field vulnerabilities. These enhancements debut in 2024, using Amazon Web Services to give viewers deeper insights. Amazon is also expanding its sports portfolio…

Disney's ESPN is deepening its involvement in the sports betting world by launching ESPN BET in partnership with Penn Entertainment, leveraging its sports content to enhance the betting experience. Penn will pay ESPN $1.5 billion over 10 years and grant…

ESPN is shifting focus to streaming as cable declines, with a flagship service launching next year. Led by Chairman Jimmy Pitaro, the company is reworking sports rights deals and reshaping its talent roster, bringing in high-profile figures like Pat McAfee…

A federal judge has blocked the planned launch of Venu, a sports streaming joint venture between Disney, Fox, and Warner Bros. Discovery, following a lawsuit by FuboTV over antitrust concerns. Judge Margaret Garnett ruled in favor of Fubo, agreeing that…

TelevisaUnivision has signed a multiyear deal with Major League Baseball, granting it exclusive Spanish-language broadcast rights to the American League Division Series and American League Championship Series. The partnership includes regular-season and playoff games, weekly shows like MLB en Vivo…

Warner Bros. Discovery is taking a $9 billion non-cash impairment charge due to declining advertising and sports rights renewals, particularly losing the NBA package to Amazon. Additionally, WBD reported $2.1 billion in pre-tax acquisition-related expenses. Despite these challenges, WBD saw…