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Warner Bros. Discovery has settled its lawsuit with the NBA, ending its 40-year relationship as a live game carrier in the U.S. The league has chosen Disney, Comcast, and Amazon as its new media partners for an 11-year deal valued at approximately $77 billion. Despite the split, Warner Bros. Discovery will retain access to NBA highlights and continue producing "Inside the NBA," which will also air on ESPN and ABC.
TKO Group, which owns WWE and UFC, is acquiring three sports-related businesses from Endeavor Group for $3.25 billion, increasing Endeavor's stake in TKO to 59%. The deal includes Professional Bull Riders, On Location, and IMG, enhancing TKO's sports ecosystem.In an exclusive interview, NBA Commissioner Adam Silver expressed frustration over failing to reach a deal with Warner Bros. Discovery during negotiations, leading to a new media rights agreement with Disney, NBCUniversal, and Amazon. The ongoing legal dispute centers on Warner Bros. Discovery's claim to matching rights for NBA games.
Tesla's CEO Elon Musk forecasts a 20% growth in vehicle sales for next year, surpassing Wall Street's 15% expectation, following strong third-quarter profits. Meanwhile, Boeing workers have extended their strike after rejecting a contract with a 35% wage increase, halting most aircraft production. Additionally, existing home sales have dropped to their lowest level since October 2010, reflecting a 1% month-over-month decline.
Adam Silver
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warner bros discovery settles lawsuit with nba ending long partnership
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15:02 18.11.2024
TKO Group acquires sports businesses as NBA media rights deal unfolds
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17:06 24.10.2024
market update tesla growth boeing strike home sales decline and nba insights
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13:03 24.10.2024
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