"DSG Bankruptcy: Amazon's Investment and Sports Impact"
Diamond Sports Group has reached a restructuring agreement with debt holders, allowing Amazon to acquire streaming rights for NBA, NHL, and MLB teams. The deal is pending approval from the bankruptcy court, with Amazon set to pay $115MM initially and a possible additional $50MM. Diamond is seeking to renegotiate broadcasting deals with some MLB teams, leaving uncertainty for the affected clubs. Meanwhile, MLB may handle broadcasts for teams without RSN deals, including the Rockies, D-Backs, Padres, and potentially the Guardians, Rangers, and Twins.