Author Topic: Sinclair/Diamond Sports bankruptcy watch  (Read 6529 times)

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Offline nfotiu

  • Posts: 5058
Re: Sinclair/Diamond Sports bankruptcy watch
« Reply #125: January 17, 2024, 09:44:49 AM »
https://awfulannouncing.com/amazon/diamond-sports-announces-amazon-investment-in-comeback-plan.html

So Amazon has apparently saved DSG from bankruptcy.  I'm not sure how their 100 million dollars was enough to save the day?

Quote
The agreements DSG has with the NBA and NHL, and was striving to sign with MLB, end all the team contracts early and in some cases cut the rights fees. MLB could not come to terms, and now it appears the 11 teams will stay under the Bally brand beyond this upcoming season.

It's a very confusing deal.   They end contracts with NBA and NHL after this year, only get 5 MLB teams for streaming on Amazon, and they'll stick with their other money losing MLB deals for their duration?