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Kiswe

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sports2 years ago

Phoenix Suns' TV deal blocked by bankruptcy judge.

Phoenix Suns CEO Josh Bartelstein issued a statement expressing the team's commitment to finding a "fair resolution" after a bankruptcy judge blocked their move from Bally Sports Arizona to Gray Television and Kiswe. The Suns and Mercury will now be televised by Arizona's Family KTVK, KPHO, and KPHE. Diamond Sports Group, which owns Bally Sports Arizona, alleges breach of contract and claims it has first right of refusal to match any deal offered to the Suns and Mercury while under contract. The Suns project nearly 2.8 million viewers through their new deal.

via The Arizona Republic|
#bally-sports-arizona#diamond-sports-group#gray-television
business2 years ago

Bankruptcy Judge Blocks Phoenix Suns' New Media Deal.

A bankruptcy judge in Texas has halted a potential deal between the Phoenix Suns basketball team, Gray Television, and streaming service Kiswe, after Diamond Sports Group, the owner of cable channel Bally’s Sports Arizona, claimed that the team violated U.S. bankruptcy laws with the agreement. The judge granted Diamond’s request to halt the Suns deal, for now, with Arizona’s Family and Kiswe, but ruled that Gray Television and Kiswe did not violate bankruptcy laws.

via Arizona's Family|
#bankruptcy#business#diamond-sports-group
sports2 years ago

Judge blocks Phoenix Suns' attempts to exit Diamond Sports network during bankruptcy proceedings.

A judge has halted the Phoenix Suns' deal to air regular season games on local broadcast TV and a direct-to-consumer streaming service and exit its agreement with a regional sports network owned by Diamond Sports. The Suns reached a deal with Gray Television to air all their regular-season games, beginning next year, on local broadcast networks available across Arizona. Diamond Sports, which filed for bankruptcy protection in March, argued that the Suns violated a section of the bankruptcy code and must comply with the terms of their current agreement. The judge ruled in favor of Diamond Sports and ordered the Suns and Diamond to come to a consensual agreement.

via CNBC|
#bankruptcy#diamond-sports#gray-television
sports2 years ago

Phoenix Suns and Mercury secure new transformative broadcast partnership.

Diamond Sports Group accuses Phoenix Suns of breach of contract and violation of bankruptcy law for leaving Bally Sports Arizona for Gray Television and Kiswe. Suns deny the claims and say they are moving forward with the deal. The new partnership will allow for all non-national exclusive games to be broadcasted on KTVK and KPHE, with nearly 2.8 million households in Arizona projected to be reached. Kiswe will provide a DTC streaming option for fans to access games through a Suns or Mercury branded app.

via The Arizona Republic|
#broadcasting-rights#diamond-sports-group#gray-television
sports2 years ago

Phoenix Suns and Mercury shift to local TV and streaming in groundbreaking move.

The Phoenix Suns and Phoenix Mercury have signed a deal with Gray Television to air their regular seasons on local broadcast networks throughout Arizona, marking a pivotal moment that will see a professional sports team exit the regional sports business and bring regular season games back to fans through their local TV stations. The teams also signed a deal with Kiswe to start their own direct-to-consumer streaming service. The move comes as regional sports networks have been under pressure as customers cut their pay-TV subscriptions and opt for streaming.

via CNBC|
#gray-television#kiswe#phoenix-mercury