tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Warner Bros. offers to match Amazon NBA rights bid, Bloomberg says

Warner Bros. Discovery (WBD) says it has offered to match Amazon’s (AMZN) bid for National Basketball Association TV rights, reported Bloomberg’s Randall Williams. “Regrettably, the league notified us of its intention to accept other offers for the games in our current rights package, leaving us to proceed under the matching rights provision, which is an integral part of our current agreement and the rights we have paid for under it,” Warner Bros. is quoted as having said in a statement to Bloomberg, which adds that the company said it submitted paperwork to the league indicating its intentions.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1