The goal was to conclude the discussions early in the second quarter and “for the new company to be operational later this year, subject to completion of the deal and approval by the relevant competition authorities.”
The companies announced that customers who access BT Sport through BT directly, and the majority of BT TV customers, are set to receive the streaming service discovery+ home to Eurosport’s live and on-demand streaming offer in the UK & Ireland, as part of existing subscriptions. Warner Bros. Discovery and BT also revealed the terms of the JV agreement. Both Warner Bros. Discovery and BT will each directly contribute, sub-license or deliver the benefit of their respective sports rights and distribution agreements for the UK & Ireland to the JV. The operating businesses of BT Sport will be transferred to Warner Bros. Discovery. BT is set to receive $114 million from Warner Bros.
BT, which has rights deals for the likes of English Premier League soccer, English Premiership Rugby and cricket, said last spring that it wanted to focus on its core telecommunications business and was in negotiations with potential partners over the future of BT Sport. Sports streamer DAZN, whose chairman is former Walt Disney Co. top executive Kevin Mayer and whose parent company is Len Blavatnik’s Access Industries, was widely seen as a potential buyer of BT Sport.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warner Bros. Discovery Aims to Use Sports to Snatch Primetime Ad Dollars From BroadcastersAfter buying WarnerMedia from AT&T, the company now known as Warner Bros. Discovery has a new acquisition target: primetime ad dollars that have been going to ABC, CBS, NBC and Fox. The new ent…
Source: Variety - 🏆 108. / 63 Read more »
Tom Ascheim’s Role at Warner Bros. Discovery Also EliminatedThe former Freeform president oversaw kids and family fare at Cartoon Network and other younger-skewing properties for the conglomerate. Bring back Betty cohen! The network was never better then the pre 2005 era!
Source: THR - 🏆 411. / 53 Read more »
Johanna Fuentes to Exit as Warner Bros. Communications ChiefJohanna Fuentes is about to exit her post as head of global communications for WarnerMedia Studios and Networks Group. Tom Ascheim, former head of the Kids and Family division, is also leaving in t… Get shitty toby fuckery and hackmada out of there holy fuck whats the damn hold up MOVE ALREADY , lets get the jl back BYE 👋 Zaslav cleaning house. Love to see it.
Source: Variety - 🏆 108. / 63 Read more »
Tom Ascheim Exits As President Of Warner Bros. Global Kids, Young Adults and ClassicEXCLUSIVE: Tom Ascheim is leaving his post as President Of Warner Bros. Global Kids, Young Adults and Classic two years after he joined WarnerMedia and a month after that company’s merger with Discovery was completed MichelArouca It’s about time. Yes! Give us someone good for once like how Betty cohen made the network great!
Source: DEADLINE - 🏆 109. / 63 Read more »
RTS London Unveils Lineup & Warner Bros Discovery’s Priya Dogra As Chair; Red Sea Film Foundation CEO; Sky Signs Tom Barry – Global BriefsRTS London Unveils Lineup & Warner Bros Discovery’s Priya Dogra As Chair Priya Dogra, the big winner in the recent Warner Bros Discovery international reshuffle, will chair this year&821…
Source: DEADLINE - 🏆 109. / 63 Read more »
Warner Music Group Posts Solid Quarter, With Revenue Rising to $1.38 BillionWarner Music Group showed solid results for the 2022 quarter that ended on March 31, with revenue up 10.1% (13.2% in constant currency). Citing the success of such Warner label and publishing artis… Warner Music Group paying thier artists…
Source: Variety - 🏆 108. / 63 Read more »