Current:Home > MarketsWarner Bros. Discovery sues NBA to secure media rights awarded to Amazon -WealthSpot
Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon
View
Date:2025-04-24 12:48:19
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! (595)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- New Research Shows Global Climate Benefits Of Protecting Nature, but It’s Not a Silver Bullet
- SunZia Southwest Transmission Project Receives Final Federal Approval
- Save Up to 97% On Tarte Cosmetics: Get $252 Worth of Eyeshadow for $28 and More Deals on Viral Products
- Louvre will undergo expansion and restoration project, Macron says
- Colorado Frackers Doubled Freshwater Use During Megadrought, Even as Drilling and Oil Production Fell
- An Ohio College Town Wants to Lead on Fighting Climate Change. It Also Has a 1940s-Era, Diesel-Burning Power Plant
- Black Friday Price in July: Save $195 on a Margaritaville Bali Frozen Concoction Maker
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- The EPA’s New ‘Technical Assistance Centers’ Are a Big Deal for Environmental Justice. Here’s Why
Ranking
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Climate-Smart Cowboys Hope Regenerative Cattle Ranching Can Heal the Land and Sequester Carbon
- Developer Confirms Funding For Massive Rio Grande Gas Terminal
- Climate Activists Protest the Museum of Modern Art’s Fossil Fuel Donors Outside Its Biggest Fundraising Gala
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- A New Hurricane Season Begins With Forecasts For Less Activity but More Uncertainty
- Sister Wives' Gwendlyn Brown Marries Beatriz Queiroz
- Meet the Golden Bachelor Gerry Turner: All the Details on the 71-Year-Old's Search for Love
Recommendation
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Below Deck Sailing Yacht's Mads Slams Gary Following Their Casual Boatmance
Climate Change Forces a Rethinking of Mammoth Everglades Restoration Plan
Roundup Weedkiller Manufacturers to Pay $6.9 Million in False Advertising Settlement
Rylee Arnold Shares a Long
Revisit Ariana Grande and Dalton Gomez's Love Story After Their Break Up
Miranda Lambert Stops Las Vegas Concert to Call Out Fans for Taking Selfies
Restoring Seabird Populations Can Help Repair the Climate