Warner Bros. Discovery 'hopeful' for NBA deal

In the company's earnings call, CEO David Zaslav said,"We've enjoyed a strong partnership with the NBA for almost four decades. We're in continuing conversations with them now, and we're hopeful that we'll be able to reach an agreement that makes sense for both sides."

Zaslav added that the company is able to match third-party offers before the NBA enters into any agreements and is prepared for the potential outcomes that could result in the process., with advertising revenue falling 11% year-over-year in the quarter. The company could face detrimental outcomes if NBC outbids it for NBA rights.After Wall Street Journal reports said the company is at risk of losing media rights for the league to competitor NBC Universal Yahoo Finance's very own.

They have that joint venture with Disney and Fox at that sport streaming joint venture that's going to debut this fall.So few question marks going on as we think about where the future of the NBA lies, where the future of Warner Brothers Discovery lies.Comcast is reportedly willing to offer more than double what Warner Brothers Discovery currently pays and they just might not be able to afford it.

Source: News Formal (newsformal.com)

David Zaslav Warner Bros. Alexandra Canal

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why losing NBA media rights would be 'a big negative' for Warner Bros. DiscoveryWarner Bros. Discovery could lose its NBA media rights package, which expires at the end of next season.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Warner Bros. Discovery 'hopeful' for NBA deal as earnings miss estimates amid linear TV strugglesWarner Bros. Discovery reported first quarter earnings before the bell on Thursday. Here's what to know.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Warner Bros. Discovery earnings preview: Investors eye NBA updates amid linear TV turmoilWarner Bros. Discovery will report first quarter earnings before the bell on Thursday. Here's what to expect
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

What happens if Warner Bros. Discovery loses its NBA rights?Warner Bros. Discovery (WBD) is set to report earnings on Thursday, May 9, as the broadcaster engages in a tug-of-war with Comcast's NBCUniversal (CMCSA...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Warner Bros. Discovery could be losing NBA TV rights to NBCShares of Warner Bros. Discovery (WBD) are falling on news that the broadcaster could lose its NBA streaming rights to NBC. According to a report from The...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Warner Bros. Discovery stock tumbles as NBC reportedly preps bid for NBA rightsWarner Bros. Discovery could lose its NBA media rights package.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »