The NBA has rejected a last-minute offer from Warner Bros. ‘s TNT Sports. Discovery, ending a four-decade relationship with the media company after the upcoming season, Reuters reports. Warner Bros. Discovery’s inventory was down ahead of marketing on Thursday.
Under the new agreement, the companies will televise 75 regular season NBA games, which represents a very large increase from the minimum of 15 games provided in the previous agreement.
Disney’s ESPN will air 80 games from the normal season, adding up to 20 on ABC, which will be the exclusive home of the NBA Finals, according to Reuters.
NBCUniversal will broadcast one hundred regular season games, with more than a portion on NBC and doubleheaders broadcast on Peacock every Monday night.
Amazon will stream 66 games from the regular season on Prime Video, a Black Friday game.
In a separate announcement, the National Women’s Basketball Association renewed its partnerships with Disney and Amazon and signed a new deal with NBCUniversal.
Warner Bros. Discovery shares are down 32. 4% over the past 12 months. The company is hoping for a turnaround regarding Disney’s package and the NBA deal.
Price Action: WBD shares fell 2. 83% to $8. 23 in premarket trading on Thursday.
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