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Diamond Sports reached a woody with Amazon's Prime Video that volition let its 16 determination sports networks to beryllium made disposable connected the streaming platform.
As portion of the deal, Diamond's networks volition beryllium made disposable arsenic an add-on subscription to Prime customers surviving wrong each team's designated geographic area. Further details, specified arsenic pricing, volition beryllium announced astatine a aboriginal date. Financial presumption of the multi-year statement weren't disclosed.
This marks the latest improvement for Diamond Sports arsenic it looks to exit bankruptcy extortion with a revamped concern model.
In October, Diamond inked a naming rights woody with Flutter-owned FanDuel, rebranding its networks from Bally Sports to FanDuel Sports Networks. The sanction alteration took spot instantly during the National Hockey League play and up of the commencement of the 2024-2025 National Basketball Association season.
On Thursday, Diamond volition question tribunal support for its reorganization plan, which has drawn disapproval from Major League Baseball and the Atlanta Braves, who question the company's aboriginal viability nether the plan.
Both the league and the Braves had requested further clarity connected what the concern with Amazon, which astatine the clip wasn't solidified, would entail.
Diamond sought bankruptcy extortion past year, toppled by a dense indebtedness load and the interaction of cord-cutting connected its networks arsenic consumers opt retired of cablegram TV bundles for streaming services.
Diamond has besides inked deals with the NBA and NHL for TV and streaming rights for their teams. It has been negotiating with MLB teams connected an idiosyncratic basis.
Various determination sports networks, including the New York Yankees' YES Network, person launched streaming options successful caller years. Amazon's Prime Video already airs a enactment of Yankees games each play since it is simply a stakeholder successful the YES Network.
Pricing has been connected the higher extremity of the scale, arsenic the networks person been cautious erstwhile it comes to pricing their streaming options truthful arsenic not to further disrupt the cablegram TV exemplary and breach contracts with distributors. These contracts person agelong helped enactment the billions of dollars successful fees that the networks wage nonrecreational sports teams to aerial games.
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