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What will be the total annual revenue from NBA media rights after new deals by end of 2024?
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$5 billion-$6 billion • 25%
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Official NBA financial disclosures or major financial news outlets
Story
NBA Nears $76 Billion Media Rights Deal, NBCUniversal Bids $2.5 Billion
May 2, 2024, 11:14 PM
The NBA is on the verge of securing new long-term broadcasting agreements that could significantly increase its media rights revenue. NBCUniversal is reportedly preparing a $2.5 billion offer to acquire NBA broadcasting rights from Warner Bros. Discovery, a bid that doubles the current payment by WBD and marks a potential return of NBA broadcasts to NBC since 2002. This move is part of broader negotiations where the NBA could see its annual media rights revenue potentially double from $2.7 billion to over $6 billion. The league is targeting a total of $76 billion over 11 years from these new agreements. Companies like Amazon and Disney are also expected to be major contributors, with deals that could pay the league approximately $2.6 billion and $1.8 billion annually, respectively.
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Similar markets
$2.5 billion to $5 billion • 25%
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Warner Bros. Discovery • 33%
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Amazon • 34%