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Diamond Sports Group

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sports1 year ago

MLB Aims to Centralize TV Rights and End Blackouts by 2028

Major League Baseball (MLB) is planning a long-term strategy to centralize media rights for all 30 teams by 2028, following the resolution of Diamond Sports Group's bankruptcy. The league aims to maximize revenue and eliminate local blackouts by nationalizing broadcast rights, which would involve negotiating with teams that currently have stable regional sports networks. This plan would require cooperation from team owners and the players' union, as it would change revenue sharing dynamics. MLB Commissioner Rob Manfred emphasized the economic benefits of more national broadcasts.

via ESPN|
#broadcasting#diamond-sports-group#media-rights
sports1 year ago

Amazon Prime Expands Sports Streaming with NBA, NHL, MLB Games

Amazon Prime will stream Detroit Pistons, Red Wings, and Tigers games through a new multi-year agreement with Diamond Sports Group, starting December 5. Fans can purchase single games for $6.99 via Amazon Prime or the FanDuel Sports Network app. The deal includes FanDuel's 16 regional sports networks, allowing fans in designated areas to subscribe for additional fees. This partnership follows Diamond's Chapter 11 bankruptcy reorganization, with Amazon investing in the company amid its financial troubles.

via MLive.com|
#amazon-prime#detroit-sports#diamond-sports-group
business1 year ago

Diamond Sports Emerges from Bankruptcy as Teams Shift to Amazon Prime

Diamond Sports Group has been approved to exit bankruptcy after a 20-month process, reducing its sports broadcasting portfolio and focusing on direct-to-consumer streaming options. The company, which operates regional sports networks, has renegotiated contracts with several NBA, NHL, and MLB teams, including a new streaming deal with the Atlanta Braves. Despite shedding over $8 billion in debt, Diamond still faces skepticism, particularly from MLB, which had previously criticized its financial outlook. The company projects significant growth in its streaming business while traditional TV revenues decline.

via The Athletic|
#bankruptcy#business#diamond-sports-group
sports1 year ago

MLB to Oversee Cincinnati Reds Broadcasts in 2025

Major League Baseball will take over the production and distribution of Cincinnati Reds games starting in 2025, following the team's departure from Diamond Sports Group due to failed contract negotiations. This move will significantly expand the Reds' broadcast reach from 1.1 million to 13.5 million households across seven states, offering fans more access through television and digital streaming without blackouts. The Reds join several other MLB teams transitioning from regional sports networks to league-managed broadcasts, promising enhanced viewing experiences with features typically seen in nationally televised games.

via WLWT Cincinnati|
#broadcasting#cincinnati-reds#diamond-sports-group
sports1 year ago

Amazon Expands Sports Streaming with MLB, NBA, and NHL Deals

The Atlanta Braves have granted Diamond Sports Group streaming rights, allowing in-market fans to stream games via Prime Video as a standalone subscription, marking a significant shift away from traditional cable and local blackouts. This move, part of Diamond's bankruptcy exit plan, includes other teams like the Angels and Cardinals, and reflects a broader trend towards cord-cutting in sports broadcasting.

via Battery Power|
#atlanta-braves#cord-cutting#diamond-sports-group
business1 year ago

Diamond Sports Exits Bankruptcy, Unlocks New Braves Streaming Options

Diamond Sports Group (DSG) has emerged from bankruptcy after a judge approved its reorganization plan, allowing it to continue broadcasting for several MLB teams, including the Braves and Cardinals, while losing others like the Twins and Guardians. DSG will rebrand its regional sports networks as FanDuel Sports Networks and offer streaming options through Amazon Prime. Despite concerns from MLB about DSG's financial stability, the company aims to pivot towards streaming to sustain its business model. This shift may impact team revenues and payrolls, with some clubs already adjusting their financial strategies.

via MLB Trade Rumors|
#bankruptcy#broadcasting#business
sports1 year ago

Amazon Prime Video Expands Sports Streaming with New Team Partnerships

FanDuel Sports Network, the television home for the Cleveland Cavaliers and 12 other NBA teams, will soon be available as an add-on subscription on Amazon's Prime Video. This partnership aims to expand the network's reach and enhance viewer experience, although details on pricing and launch date remain undisclosed. The move follows Diamond Sports Group's previous plans for a significant investment from Amazon, which were later canceled.

via cleveland.com|
#amazon#cleveland-cavaliers#diamond-sports-group
business1 year ago

Amazon Prime Video Expands Sports Streaming with Regional Channels

Diamond Sports Group has reached a multiyear agreement with Prime Video to offer its 16 regional sports network channels as an add-on subscription, expanding its reach to fans in 31 states. This partnership is part of Diamond's efforts to reorganize amid Chapter 11 bankruptcy proceedings, with a final hearing on its reorganization plan scheduled soon. The company will also offer single-game pricing for NBA and NHL games starting December 5, alongside monthly and season pass options.

via Star Tribune|
#bankruptcy#business#diamond-sports-group
business1 year ago

FanDuel and Diamond Sports Launch Pay-Per-Game Streaming for NBA and NHL

Diamond Sports Group, the largest owner of regional sports networks, will offer single-game pricing for NBA and NHL games on its direct-to-consumer streaming service starting December 5. The games will be priced at $6.99 each, with options for monthly or season subscriptions. This move comes as Diamond, which owns rights to 13 NBA and eight NHL teams, undergoes Chapter 11 bankruptcy proceedings. The company's networks are now branded as FanDuel Sports Network after a recent naming rights agreement.

via ESPN|
#bankruptcy#business#diamond-sports-group
sports1 year ago

MLB Teams Seek New Broadcast Partners Amid Diamond Sports Bankruptcy

The Cincinnati Reds will have a new television partner for the 2025 season after failing to reach a new broadcast rights deal with Diamond Sports Group, which owns FanDuel Sports Network. The Reds sold their stake in the network for just $1, having previously taken less money annually to acquire it. This change may simplify fan access to games, potentially through MLB's direct-to-consumer model. Additionally, the Reds announced changes to their 2025 promotions, including less frequent use of City Connect uniforms and fireworks, and dates for bobblehead giveaways.

via redlegnation.com|
#broadcast-rights#cincinnati-reds#diamond-sports-group
sports1 year ago

Reds Exit Diamond Sports Amid MLB's Concerns Over Reorganization

The Cincinnati Reds are leaving Diamond Sports Group, which operates FanDuel branded regional sports networks, and will need a new TV home for 2025 after failing to renegotiate their deal. This development comes amid Diamond's ongoing bankruptcy proceedings, with MLB formally objecting to Diamond's plan to emerge from Chapter 11, citing concerns over its financial viability. The Reds' departure leaves the broadcasting future of four other MLB teams uncertain, as Diamond may walk away from their contracts unless revised deals are accepted. A court hearing to determine Diamond's future is set for next week.

via The Athletic|
#bankruptcy#broadcasting#cincinnati-reds
sports1 year ago

MLB and Reds Challenge Diamond Sports' Reorganization Amid New TV Deal

Major League Baseball and the Atlanta Braves have filed an objection to Diamond Sports Group's reorganization plan, expressing concerns about the company's financial projections and lack of transparency. Diamond, which is in Chapter 11 bankruptcy, is set for a confirmation hearing next week. The Cincinnati Reds have already parted ways with Diamond, and several other MLB teams are exploring alternatives. Diamond, which recently rebranded to FanDuel Sports, is also negotiating a commercial deal with Amazon to expand its direct-to-consumer offerings.

via ESPN|
#atlanta-braves#bankruptcy#diamond-sports-group
sports1 year ago

MLB Faces Ongoing Turmoil Over Regional TV Rights

MLB is facing a broadcasting crisis as Diamond Sports Group, which holds the broadcast rights for 12 teams, remains bankrupt and in a carriage dispute with Comcast, leaving millions of fans without access to games. Commissioner Rob Manfred acknowledges the issue but says the league lacks the legal ability to resolve it. MLB is considering taking over broadcasting rights if Diamond loses them, aiming to increase fan access through both cable and digital platforms.

via Sports Illustrated|
#bankruptcy#broadcasting#diamond-sports-group
business1 year ago

"Amazon Prime Deal and Bankruptcy Plan: The Diamond Sports Saga Nears Its End"

Diamond Sports Group, the owner of Bally Sports Midwest, expects to launch a streaming deal with Amazon Prime Video in October, aiming to offset declining cable viewership. The company filed for Chapter 11 bankruptcy last year but has secured deals to inject hundreds of millions of dollars into the business. However, sports leagues are raising concerns about the company's timeline, as it broadcasts games for multiple MLB, NBA, and NHL teams. The company is under pressure to finalize key negotiations in the coming months to emerge from bankruptcy and continue airing professional sports.

via St. Louis Post-Dispatch|
#amazon-prime#bankruptcy#business
business1 year ago

"Diamond Sports Group Nears Bankruptcy Resolution Amid MLB and NBA Skepticism"

Diamond Sports Group, which holds broadcasting rights for 38 teams across MLB, NBA, and NHL, has been allowed to continue working on a restructuring plan backed by $450 million in financing. Major League Baseball remains skeptical about the plan's viability and the long-term health of Diamond. The next crucial step is the confirmation of the plan, scheduled for June 18, with objections due by May 22. MLB and other partner leagues have expressed concerns, and Diamond is in talks with distributors and pursuing longer-term deals with the NBA and NHL.

via The Athletic|
#bankruptcy#broadcasting-rights#business