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ESPN is closing in on deal with MLB
CNBC Television· 2025-08-22 22:40
Well, Brian, Major League Baseball is closing in on a series of deals for its linear and streaming rights through 2028 with those deals would be with ESPN, NBC Universal, CNBC's parent company, and Netflix. This according to sources close to the situation, though no comment from the MLB. Now, the latest is that the MLB is nearing a finalized agreement with ESPN for a package of rights for $550 million, according to People Familiar.While ESPN's old set of MLB rights was worth the same amount of money, these ...
Major League Baseball closes in on new media rights deals with ESPN, NBC, Netflix
CNBC· 2025-08-22 18:35
Core View - Major League Baseball (MLB) is nearing a finalized agreement with ESPN, NBC Sports, and Netflix for new three-year media rights deals for live game packages [2][5]. Group 1: Media Rights Agreements - ESPN opted out of its previous $550 million-per-year deal for Sunday Night Baseball, which will be split into two parts for the 2026-2028 seasons if a deal is finalized [1]. - NBC is expected to acquire all of MLB's Sunday games and Wild Card playoff games for approximately $200 million per year [3]. - Netflix will secure the rights to the Home Run Derby for about $50 million annually [3]. - ESPN is set to receive a new package of rights valued at $550 million, which includes approximately $450 million for MLB TV, the league's digital out-of-market package [4]. Group 2: Future of Media Rights - The new agreements will allow MLB to reorganize its media rights after the 2028 season [5]. - MLB Commissioner Rob Manfred indicated that ESPN requested a reduction in payment for MLB content, suggesting that a smaller deal would not be beneficial for the league [5].