Amazon's Strategic Investments in Sports Broadcasting and Media Industry
TL;DR Summary
Amazon has acquired a minority stake in Diamond Sports Group's Bally Sports regional networks, allowing games televised on Bally Sports channels to be streamed on Amazon Prime, benefiting nearly 40 MLB, NBA, and NHL teams with local television contracts. This move comes as part of Diamond's bankruptcy restructuring, providing a potential stabilizing force in the uncertain television landscape for professional sports teams across the country.
- Amazon takes minority stake in Bally Sports networks, will stream games on Amazon Prime Yahoo Sports
- Amazon to invest in Diamond Sports as part of bankruptcy deal ESPN
- Diamond Sports Group Announces Restructuring Deal Featuring Investment From Amazon MLB Trade Rumors
- Sinclair Announces Global Settlement of All Diamond Sports Group-Related Litigation Issues, Including Agreement with Diamond on Management Services Agreement Amendment - Sinclair, Inc Sinclair Broadcast Group
- Amazon to help save bankrupt Diamond Sports with $100M deal to stream five MLB teams: sources New York Post
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