Streaming’s Role in Sports Rights, Plus Capex Concerns Weigh on Semis 7/25/24

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4.5 • 66 Ratings

🗓️ 25 July 2024

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

The NBA is announcing a $76 billion TV rights deal with ESPN, Amazon and NBC Sports, essentially a snub to NBA’s longtime partner Warner Bros Discovery. We break down how this deal will transform the future of sports streaming. Plus, chip stocks have been riding the AI wave this year. But with the recent sell-off, AI beneficiaries like Nvidia, Qualcomm and Micron are well off their respective highs.

Transcript

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0:00.0	The NBA announcing the 75-plus billion-dollar TV rights deal with E-SPN, Amazon, and our parent company,
0:06.5	NBC, now Warner Brothers Discovery suing over that agreement.
0:10.1	How does this deal transform the future of sports streaming?
0:12.8	That is the focus of today's Tech Check with Julia Borstin on a day, Julia, with so much media news.
0:20.0	Yeah, that's right, Carl.
0:21.0	It's not just about sports streaming, this is about streaming and the future of media.
0:24.8	That is what is front and center for the NBA's
0:27.9	77 billion dollar 11-year deal with Disney ESPN, Comcast, NBC Sports and Peacock and Amazon Prime video for
0:36.0	NBA and W NBA games starting the 2025-26 season.
0:41.0	Now streaming is also a key reason why Warner Brothers Discovery is suing
0:44.9	the NBA for rejecting its matching bid for Amazon's package of games.
0:49.3	Boquarie downgrading the stock today from Outperformed to Neutral on T&T Sports losing its long-term
0:55.9	partner saying quote nBA rights were important in our view for the future success of
1:00.9	the max streaming service.
1:03.0	Now with two new partners and ESPN in an expanded role,
1:06.8	the NBA is following consumers onto new platforms.
1:10.2	And all NBA National Games will be available on streaming services,
1:13.8	Prime Video, Peacock, and on ESPN's flagship streaming service,
1:17.6	which is set to launch next year,
1:19.4	along with Venue, which is the coming sports streaming bundle
1:22.4	with Fox Sports and TNT sports
1:24.2	set to launch sometime this fall. Now streaming rights plus sports growing in
	...

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