Latest news with #LuisSilberwasser
Yahoo
14 hours ago
- Business
- Yahoo
Warner Bros. Discovery's TNT Sports to Stop Producing Content for NBA TV at End of 2024-25 Season
Warner Bros. Discovery's partnership with NBA TV is coming to an end as TNT Sports will no longer produce content for the basketball league's cable network, an individual familiar with the matter tells TheWrap. After managing NBA TV's operations for nearly two decades, TNT Sports chairman and CEO Luis Silberwasser said Warner and the NBA 'mutually decided to part ways at the end of the 2024-25 season.' 'We made several proposals to continue to provide services and operate the NBA TV network and related digital assets. However, we were unable to agree on a path forward that recognized the value of our expertise, quality content and operational excellence that our fans and partners have come to expect from TNT Sports,' Silberwasser said in a memo to staff. 'We will work closely with the NBA on a transition plan for the league to assume the responsibility of programming and operating NBA TV and which will be effective Oct. 1.' A spokesperson for the NBA did not immediately return TheWrap's request for comment. The end of the collaboration, which first began in 2008, comes after the NBA struck new media rights deals with Amazon, NBCUniversal/Peacock and Disney's ESPN/ABC last year. TNT Sports had been a national rights holder with the NBA since 1984. However, the NBA's relationship with TNT Sports will continue. After settling WBD's rights dispute with the league, TNT Sports and its portfolio of brands were given a global license to create, produce and distribute new and existing NBA content across its platforms. The agreement includes expanded global content and highlight rights for TNT Sports, Bleacher Report and House of Highlights, with the ability to produce and distribute NBA content across the WBD portfolio, along with promotion, sales and creative commitments across both NBA and WBD platforms. It also gives WBD international rights to NBA games in Northern Europe and Latin America, excluding Mexico and Brazil. Additionally, TNT is licensing its 'Inside the NBA' show to ESPN. The news also comes as Warner Bros. Discovery is gearing up to separate its global linear networks business from its streaming and studios business in 2026. Global Networks will include CNN, TNT Sports in the U.S., Discovery, top free-to-air channels across Europe, Discovery+ and Bleacher Report (B/R). It will retain a 20% stake in the studios and streaming business to help the company deleverage and is expected to take the majority of WBD's roughly $37 billion in gross debt. The Studios & Streaming business will include Warner Bros. Television Group, Warner Bros. Motion Picture Group, DC Studios, HBO and HBO Max, Warner Bros. Games, Tours, Retail and Experiences, as well as studio production facilities in Burbank and Leavesden. 'The U.S. sports rights will reside at the Global Networks, and its management team will determine how best to monetize the streaming and digital rights over time,' WBD chief financial officer Gunnar Wiedenfels told investors on a call earlier this month. 'Internationally, sports will largely coexist, both on linear and streaming, as they do today.' 'Inside the U.S., sports have been less critical,' WBD CEO David Zaslav added. 'It's viewed, but it hasn't been a real driver for us. So it will continue to be on HBO Max, but the Global Networks business will evaluate over time where the best place for that is.' The post Warner Bros. Discovery's TNT Sports to Stop Producing Content for NBA TV at End of 2024-25 Season appeared first on TheWrap.
Yahoo
14 hours ago
- Business
- Yahoo
TNT Sports Is Parting Ways With NBA TV
TNT Sports is walking away from NBA TV, as the Warner Bros. Discovery cable unit has elected to close out its oversight of the league-owned network this fall. Talks that would have seen TNT retain its oversight of NBA TV operations, a role it had held down since the 2008-09 season, did not bear fruit. While financial considerations obviously played a key role in the split, the diminished number of games that will be carried on NBA TV under the league's new 11-year rights package is said to have undermined TNT's interest in maintaining the partnership. Advertisement More from The decision to end the alliance was announced Friday morning by TNT Sports Chair and CEO Luis Silberwasser in a memo to employees. In the note, Silberwasser characterized the split as a mutual parting of ways. 'We made several proposals to continue to provide services and operate the NBA TV network and related digital assets,' Silberwasser wrote. 'However, we were unable to agree on a path forward that recognized the value of our expertise, quality content and operational excellence that our fans and partners have come to expect from TNT Sports.' Silberwasser went on to note that day-to-day oversight of the network would revert to the NBA on Oct. 1. Advertisement While this marks the end of a 17-year arrangement that was originally brokered by former Turner Sports capo David Levy, TNT will continue to serve as a generator of digital content for the NBA via its Bleacher Report and House of Highlights properties. TNT's DNA will also persist care of its Inside the NBA studio show, for which Silberwasser licensed the rights to Disney's ESPN and ABC. Under the terms of that side deal, the four leads (Ernie Johnson, Charles Barkley, Kenny Smith and Shaquille O'Neal) will remain locked in behind the desk and TNT will continue to have absolute editorial control of the show. Best of Sign up for Sportico's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.
Ammon
06-03-2025
- Business
- Ammon
FIFA adds TNT to air top Club World Cup matches
Ammon News - FIFA's Club World Cup this summer will be carried on TNT Sports for 24 of the expanded tournament's 63 matches in an agreement announced Wednesday. DAZN, a streaming platform better known in the United States for boxing, had in December acquired global rights to the 32-team tournament. DAZN will stream all of the matches for free in a broadcast deal with FIFA reportedly worth around $1 billion. TNT Sports, in the agreement with DAZN, will broadcast group and knockout-stage games as well as the July 13 final on its cable networks TNT, TBS and truTV. "Partnering with DAZN to present the FIFA Club World Cup 2025 further bolsters our sports portfolio this summer and brings another world-class event to our TNT Sports portfolio," TNT chairman and CEO Luis Silberwasser said in a statement. "We're looking forward to this new partnership with DAZN as we collectively deliver this exciting new global soccer club competition in the U.S. this summer." Inter Miami and the Seattle Sounders of the MLS have qualified for the competition, which expended from seven teams and opens June 14 with Lionel Messi's Inter Miami club hosting Egyptian club Al-Ahly at Hard Rock Stadium. The 12 U.S. venues also include MetLife Stadium in East Rutherford, N.J., for the final. Other clubs include Real Madrid, Bayern Munich, Manchester City, Paris Saint-Germain, Chelsea from Europe; and Boca Juniors, Flamengo and Palmeiras from South America. Clubs from Asia and Africa also are competing. TNT Sports is a subsidiary of Warner Bros. Discovery, which is in the third year of an eight-year agreement with the U.S. Soccer Federation for domestic rights to its games. "The combined expertise of DAZN and TNT Sports will deliver what FIFA and fans want a tournament for generations to remember," DAZN group CEO Shay Segev said in a statement. "With our new partners at Warner Brothers. Discovery, DAZN will enhance and expand production, marketing and ad sales for the tournament, to maximize engagement and reach and ensure that fans receive the very best viewing experience." Reuters
Reuters
05-03-2025
- Business
- Reuters
FIFA adds TNT to air top Club World Cup matches
March 5 - FIFA's Club World Cup this summer will be carried on TNT Sports for 24 of the expanded tournament's 63 matches in an agreement announced Wednesday. DAZN, a streaming platform better known in the United States for boxing, had in December acquired global rights to the 32-team tournament. DAZN will stream all of the matches for free in a broadcast deal with FIFA reportedly worth around $1 billion. TNT Sports, in the agreement with DAZN, will broadcast group and knockout-stage games as well as the July 13 final on its cable networks TNT, TBS and truTV. "Partnering with DAZN to present the FIFA Club World Cup 2025 further bolsters our sports portfolio this summer and brings another world-class event to our TNT Sports portfolio," TNT chairman and CEO Luis Silberwasser said in a statement. "We're looking forward to this new partnership with DAZN as we collectively deliver this exciting new global soccer club competition in the U.S. this summer." Inter Miami and the Seattle Sounders of the MLS have qualified for the competition, which expended from seven teams and opens June 14 with Lionel Messi's Inter Miami club hosting Egyptian club Al-Ahly at Hard Rock Stadium. The 12 U.S. venues also include MetLife Stadium in East Rutherford, N.J., for the final. Other clubs include Real Madrid, Bayern Munich, Manchester City, Paris Saint-Germain, Chelsea from Europe; and Boca Juniors, Flamengo and Palmeiras from South America. Clubs from Asia and Africa also are competing. TNT Sports is a subsidiary of Warner Bros. Discovery, which is in the third year of an eight-year agreement with the U.S. Soccer Federation for domestic rights to its games. "The combined expertise of DAZN and TNT Sports will deliver what FIFA and fans want -- a tournament for generations to remember," DAZN group CEO Shay Segev said in a statement. "With our new partners at Warner Brothers. Discovery, DAZN will enhance and expand production, marketing and ad sales for the tournament, to maximize engagement and reach and ensure that fans receive the very best viewing experience."
New York Times
05-03-2025
- Entertainment
- New York Times
TNT Sports to broadcast 24 FIFA Club World Cup games, including final
TNT Sports will broadcast 24 matches from this summer's FIFA Club World Cup – including group and knockout stage games, plus the final on July 13 – on its cable networks TNT, TBS and truTV. TNT reached an agreement with DAZN, which holds the global rights to the tournament and will broadcast all 63 games on its streaming service. As part of the partnership, TNT will also produce English-language studio programming, 'as well as ancillary programming throughout the tournament.' That includes content on Bleacher Report, House of Highlights and B/R Football social platforms. Advertisement For the group-stage matches, it's expected that TNT Sports will target brands most familiar to a U.S. audience, including Lionel Messi's Inter Miami and many of the top European teams, such as Real Madrid, Bayern Munich, Manchester City, Paris Saint-Germain and Chelsea. The 32-team tournament also includes top South American clubs like Boca Juniors, River Plate, Flamengo and Palmeiras, as well as clubs from Asia, Africa and North America. Miami and the Seattle Sounders will represent MLS in the competition. 'Partnering with DAZN to present the FIFA Club World Cup 2025 further bolsters our sports portfolio this summer and brings another world-class event to our TNT Sports portfolio,' TNT chairman and CEO Luis Silberwasser said in a statement. 'We're looking forward to this new partnership with DAZN as we collectively deliver this exciting new global soccer club competition in the U.S. this summer.' GO DEEPER Club World Cup draw: Inter Miami vs Al Ahly opens tournament, Man City to face Juventus Warner Bros. Discovery currently holds domestic rights for U.S. Soccer, including the men's and women's senior national teams. FIFA last year reached an agreement worth around $1 billion to make all 63 matches available on DAZN's platform to watch for free. FIFA initially struggled to sell the broadcasting rights to the Club World Cup, with Gianni Infantino, the football world governing body's president, calling an emergency briefing with TV executives in September 2024. The tournament will begin on June 14 at Miami's Hard Rock Stadium, with Messi and company taking on Egyptian club Al-Ahly, and it will be played in 12 venues across the U.S. before culminating in the final at MetLife Stadium in New Jersey on July 13. 'The combined expertise of DAZN and TNT Sports will deliver what FIFA and fans want – a tournament for generations to remember,' DAZN group CEO Shay Segev said in a statement. 'With our new partners at Warner Brothers. Discovery, DAZN will enhance and expand production, marketing and ad sales for the tournament, to maximize engagement and reach and ensure that fans receive the very best viewing experience.' TNT will announce further production details and schedules at a later date.
