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Major League Baseball rejects Amazon’s $150M bid to bail out bankrupt Diamond Sports

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31 minutes ago, hovertical said:

Donald Duck Money GIF

Right ... is it not enough, or do they want Diamond Sports to actually go bankrupt and then I guess MLB says "HEY MLB TV IS FINALLY WITHOUT BLACKOUT RESTRICTIONS!" and anyone on the RSN is forced to buy it?

40 minutes ago, Michael said:

Right ... is it not enough, or do they want Diamond Sports to actually go bankrupt and then I guess MLB says "HEY MLB TV IS FINALLY WITHOUT BLACKOUT RESTRICTIONS!" and anyone on the RSN is forced to buy it?

Why Dont We Have Both GIF

y'all didn't read the article lol - according to it, MLB is trying to get Diamond (Bally's) to give back the digital rights, and Diamond was trying to keep the digital rights and pitch them to Amazon.    But MLB would rather work with Amazon directly in 2025.

Not sure how MLB can reject it, and then a couple days later they do it?

 

I guess because MLB technically doesn't have control over whatever they do with the rights they purchased?

More details:

https://www.mlbtraderumors.com/2024/01/diamond-sports-group-announces-restructuring-deal-featuring-investment-from-amazon.html

Diamond Sports Group announced that is has a restructuring support agreement in place that will allow it to emerge from bankruptcy and continue operating, as relayed by Brendan Coffey of Sportico. It apparently has approval from most of the company’s debt holders and also features an investment from Amazon. It also has a $495MM deal from Sinclair Broadcasting Group to settle outstanding litigation.

Part of the proposal will see Amazon make a minority investment and offer direct-to-consumer services on their Prime Video platform. That will apparently include games from MLB, NBA and NHL, including pre-game and post-game content. The full details of those offerings aren’t fully clear at the moment. It was reported back in December that Amazon was discussing a streaming deal with Diamond but the latter company only had streaming rights for five clubs: the Tigers, Royals, Marlins, Brewers and Rays. Reporting from last week suggested that MLB shot down the discussions between the two companies, perhaps with the intent of negotiating a deal with Amazon directly.

6 minutes ago, SilverBullet said:

I hate that I have to keep wondering how the hell I'm gonna watch these games. 

 Josh Kosman of The New York Post reports that Amazon is giving Diamond roughly $100MM for the streaming rights of the Tigers, Royals, Marlins, Brewers and Rays. That money and the Sinclair settlement money could be presented to a Houston bankruptcy judge as early as today.

So I don't know if that means that it'll ONLY be on Prime, or if it'll continue being on the "Bally" app AND prime.

 

That wording makes it sound like it'll be Prime only.

https://nypost.com/2024/01/17/business/amazon-poised-to-save-bankrupt-diamond-sports-with-100m-deal-to-stream-five-mlb-teams-sources/

Diamond, which broadcasts under the Bally’s brand, will continue to televise the 11 MLB teams for which it has rights, including the World Series champion Texas Rangers, on cable. Though it may dump the Rangers and the Cleveland Indians before it emerges from bankruptcy, sources said.

The network’s streaming rights for NBA and NHL teams ends after this season. Diamond, which may not emerge from bankruptcy until after the current season, is expected to negotiate for the 2024-25 streaming rights so Amazon can air local basketball and hockey games going forward.  

...

Bally’s has agreed to drop its name from Diamond broadcasts after the 2024 baseball season, a source said.

1 minute ago, Admin said:

Prime Sports?

Maybe?

 

The interesting thing is, though that "Bally" still has the TV rights.....unless they do a "sponsorship" where Amazon buys the naming rights to the network?

But at that point, I'd assume they'd want full control over the product, not just a name.

finally, I might actually have something on Prime that i actually want to watch.  Well, until week 2 when they're 10 under already.

1 hour ago, pollythewog said:

Does this mean I don’t need mlb tv?

It is possible.

Heck, even probable!

 

If you can get it for free though still get it.

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