NBA set to announce new television deal worth $24 billion
Baku, October 6 (AZERTAC). The NBA has scheduled a press conference for Monday morning to announce its new media rights deals, an extension of their current deals with Disney (ABC, ESPN) and Turner (TNT) that, according to the Wall Street Journal, will run through 2025.The league also laid plans in partnership with ESPN for a new online video service that would show live regular season games, the people said. In a significant move for ESPN, which derives its huge profits from the pay-TV ecosystem, that service will be open to people who aren't cable or satellite TV customers.
The Finals will remain on Disney's ABC network.
Disney has been paying the NBA about $485 million a year under its existing contract, while Turner has paid about $445 million annually. Those deals were set to expire after the 2015-2016 season.
NBA Commissioner Adam Silver is expected to announce the media deals in a news conference Monday morning.
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