Warner Bros. Discovery (WBD) is in negotiations with competitors like Comcast (CMCSA) and Disney's ESPN (DIS) to retain the rights to NBA games. Will losing NBA streaming hurt WBD in the battle for ratings?
Rich Greenfield, Partner at LightShed Partners and Media & Technology Analyst, joins Catalysts this week. Media, streaming and investing: what's next? A special providing insight into the battle for NBA television rights.
“There's a pretty intense debate among investors: Would losing the NBA be devastating for WBD, because they would risk being terminated by distributors? Would this mean the end of the company's broadcast, whether it's YouTube TV or Comcast, or at least a significant reduction in broadcast fees, or would it save them more than $1 billion a year? Right now they spend about $13 billion on the NBA, is saving that money and reallocating it elsewhere actually a positive financial deal? Time will tell. It depends on what other rights the WBD teams are able to acquire,” he explained.
Check out more coverage from Yahoo Finance on the media and streaming landscape as part of this week's “Media, Streaming and Investing: What's Next?” special.
To learn more about expert insights and the latest market trends, click here to watch this full episode of Catalysts.
This post Nicholas Jacobino
