Friday Night Smackdown will return to the USA Network in October 2024 after a new media deal was announced on Thursday with NBC Universal. The contract is reportedly a 5 year deal worth $1.4 billion per the WSJ. The new deal represents a 40% jump from its last deal with Fox. The incumbent appeared to […]
media
WWE exclusive negotiating deal ends, eyes open market
The New York Post reports that the window of exclusive negotiating with both Comcast and FOX for the WWE’s television rights is now over without a deal from either company. The deal ends next year. This means that the WWE is now able to solicit bids from outside source which may include Amazon and Disney. […]
Bellator MMA signs TV deal with Brazil’s Globo
Bellator MMA announced on Wednesday that it will air in Brazil exclusively on leading Latin American media company Globo. The multi-year partnership begins with this Saturday’s Bellator 290 featuring Fedor Emelianenko as he faces Ryan Bader. Combate, Globo’s leading provider of premium combat sports content and pay-per-views in Brazil, will deliver relevant coverage throughout Globo’s digital and pay […]
DAZN losing money due to high cost of media rights
Bloomberg.com reports that DAZN lost $2.3 billion in 2021 as costs soared and it has lost more than $6 billion since 2016. The article indicates that much of the costs are attributed to rising media rights for soccer. DAZN spent a healthy share of capital into acquiring Italian and German soccer rights which are streamed […]
UFC closes media rights deal in South Korea
The Sports Business Journal reports that it has a new media rights deal for South Korea. CJ ENM is the new media rights holder under a multiyear agreement. CJ ENM purchased an 80% stake in the Endeavor Content scripted studio last year. Although terms were not released, based on previous indications from Endeavor, it likely […]
