As much as talk about the impending loss of TNT’s NBA rights package was largely sidestepped during Warner Bros. Discovery’s third-quarter earnings call Thursday, the results at the cable networks segments went a long way toward underscoring why the league has been such a crucial part of the company’s programming strategy. WBD’s global TV division …
Braves Post Revenue Bump as MLB Works Diamond RSN Deal
Seven was the luckiest of numbers for the Atlanta Braves in the third quarter of 2024, as the club capped the seventh straight season in which it advanced to the playoffs with 7% increases in both baseball revenue and total revenue. In the three-month period ended Sept. 30, Atlanta Braves Holdings boosted baseball revenue to …
New England Patriots President Expects NFL ROI to Beat Stocks
In August, the NFL approved new ownership rules that allow private equity firms to buy passive minority stakes in franchises. The decision came after franchises appreciated nearly 40x over the past 30 years and reached $5.93 billion on average, according to Sportico’s calculations. But NFL team values still have a long runway, according to one …
NBA’s Annual Mexico City Game Builds Case for Future Expansion
As the calendar moves away from the frantic sports equinox, the NBA stands to gain more attention for its early season action with its annual trip to Mexico. On Saturday, the Miami Heat and Washington Wizards will play in Mexico City as the NBA once again hosts a regular season game south of the border, …