NBC pitches $2.5B a year for NBA TV rights
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 30 April 2024
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Tuesday, April 30th, the final day of trading for the month of April. I'm Julie Morgan. |
| 0:15.2 | Who will get the contract to air NBA Games? |
| 0:18.4 | NBC makes a pitch. The FCC finds major wireless carriers for tracking you and the USDA is now checking |
| 0:26.8 | beef for bird flu. |
| 0:29.7 | NBC Universal has pitch paying an average of around $2.5 billion a year to air a package of |
| 0:36.0 | NBA Games. |
| 0:37.8 | Warner Brothers Discovery's TNT paid an average of $1.2 billion under his current broadcast deal with the |
| 0:44.8 | NBA but failed to finalize a new contract before an exclusive negotiating |
| 0:49.6 | window expired last week, allowing NBC Universal to make an offer. |
| 0:55.0 | According to a Wall Street Journal report Disney, |
| 0:58.0 | the NBA's other major TV partner |
| 1:00.6 | is expected to pay an average of about 2.6 billion dollars to renew its deal. |
| 1:05.8 | People familiar with the matter said this is up from its current average of about 1.5 billion |
| 1:11.9 | a year. |
| 1:12.7 | Meanwhile, Amazon's prime video is said to have reached a framework for an |
| 1:17.1 | NBA streaming deal similar to the one it has with the NFL. |
| 1:21.3 | The largest U.S. wireless carriers have been fined nearly |
| 1:25.3 | $200 million for illegally sharing access to customers location data. The |
| 1:30.9 | Federal Communications Commission said it fined T-Mobile over $80 million, Sprint 12 million, |
| 1:37.6 | AT&T 57 million, and Verizon 4747 million. |
| 1:42.7 | These fines were first proposed by the FCC in February of 2020. |
... |
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