Reported 4 months ago
Warner Bros. Discovery CEO David Zaslav addresses the company's diverse sports assets while facing the potential loss of NBA media rights. Amid negotiations, Zavlav emphasized WBD's strong presence in global sports, including Olympics coverage in Europe, NHL games, Nascar races, and college football in the US. With the current NBA contract expiring, rumors suggest WBD may lose rights to Comcast's NBCUniversal or Amazon for streaming. Analysts predict significant consequences if WBD loses NBA rights, as sports content is vital for linear TV ad sales, streaming services, and as Disney and Fox prepare for a sports streaming joint venture. The competitive landscape of sports rights, with tech giants like Amazon, Apple, and YouTube investing heavily, has driven up costs for traditional media players like Warner Bros. Discovery.
Source: YAHOO