Episode 53: Sports Media Update — Amazon in Talks to Invest in Bally's Regional Sports Networks

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Recorded18 Dec 2023

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Show notes

The Wall Street Journal just broke the news that Amazon is in discussions to invest in Diamond Sports, the owner of Bally's Sports Networks. This could have a major impact on the future of sports rights and specifically NBA rights. In this episode I discuss why Diamond Sports has performed so poorly and had to go bankrupt, what the leagues are looking to get from the bankruptcy, what Amazon is looking to do with an investment, the different motivations of the creditors, and how this might change the NBA rights deal negotiations.

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