Comcast's NBCUniversal is planning to invest an average of about $2.5 billion a year to broadcast a package of National Basketball Association games, the Wall Street Journal reported on Monday.

Warner’s TNT is one of the league’s oldest TV partners and has paid an average fee of $1.2 billion under its current deal. Warner was unable to reach a new pact with the NBA before an exclusive negotiating window expired last week, which allowed NBC to make a bid.

Warner Bros Discovery stock hit a 52-week low on Tuesday after a Wall Street Journal report suggested the media giant might lose out on a bid to continue airing National Basketball Association games.

(Reuters) - Comcast's NBCUniversal is planning to invest an average of about $2.5 billion a year to broadcast a package of National Basketball Association games, the Wall Street Journal reported on Monday. Copyright 2024 Thomson Reuters.

The league is in advanced stages of a new round of media-rights deals. Disney’s payments would increase under a proposed deal.

With the NBA’s current media rights contract set to expire next year, negotiations with cable companies and streamers are in full throttle.

NBC is reportedly ready to snatch NBA broadcast rights from Warner Bros. Discovery's TNT. Here's a look at the three-part brilliance of NBC's bid.

Warner Bros. Discovery, which owns Turner Sports, is in jeopardy of losing one of its prized possessions: the NBA. According to a report by The Wall Street Journal, Comcast (CMCSA) , which owns NBC, has made an offer to acquire a share of the broadcasting rights for the NBA in a deal worth $2.

Now, the WSJ has reported that while ESPN (owned by Disney) is set to retain its top-tier domestic NBA rights by paying $2.6 billion each campaign, TNT could be supplanted in its

Warner Bros. Discovery stock on Tuesday fell nearly to depths not seen since the Great Recessionary abyss of 2009 following a Wall Street Journal report that Comcast and NBCUniversal are preparing an aggressive bid to poach TNT’s NBA television rights.