Amazon to Acquire Stake in Diamond Sports Under Bankruptcy Reorg, Prime Video to Become Primary Streaming Partner for RSNs
17.01.2024 - 14:35
/ variety.com
Todd Spangler NY Digital Editor Diamond Sports Group has put together a plan to emerge from bankruptcy and remain a going concern, helped by a big new streaming deal with Amazon. Amazon has committed to making a minority investment in Diamond Sports Group, one of the largest operators of regional sports networks (RSNs) in the country, as part of Diamond’s bankruptcy reorganization plan, the RSN company announced Wednesday.
Under the terms of Amazon’s investment, the tech giant will enter into a commercial arrangement to provide access to Diamond’s services via Prime Video. Prime Video will become Diamond’s primary partner through which customers will be able to purchase direct-to-consumer access to stream local Diamond channels.
Customers will be able to access all local DTC content, including live MLB, NBA and NHL games, and pre- and post-game programming, for the teams for which Diamond retains DTC rights, through Prime Video Channels. Additional details regarding pricing and availability will be announced at a later date.
In addition, Diamond said, it “looks forward to continuing to partner with its existing [pay TV] distribution partners to broadcast its MLB, NBA and NHL content.” Diamond’s regional sports networks produce nearly 4,500 live local professional telecasts each year in addition to a variety of locally produced sports events and programs. It owns and operates the 18 Bally Sports regional sports networks, which are the TV home to half of all MLB, NHL and NBA teams in the U.S., according to the company.
The website popstar.one is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can
send a complaint on the news if you find it unreliable.