MLB strikes new three-year media deals with ESPN, NBC and Netflix
Summary
Major League Baseball (MLB) has signed new three-year media deals with ESPN, NBCUniversal, and Netflix. These agreements, valued at about $800 million per year, aim to make MLB games more accessible on streaming platforms. ESPN, NBC, and Netflix will carry different MLB games and events, while existing deals with other networks like Fox and TBS continue.Key Facts
- MLB's new media deals with ESPN, NBCUniversal, and Netflix are worth about $800 million per year.
- ESPN will pay about $550 million annually for a package that includes MLB.TV and exclusive rights to certain games.
- NBCUniversal, through its network NBCSN and streaming service Peacock, will broadcast Sunday night games and wild card playoffs for about $200 million annually.
- Netflix will air MLB's Home Run Derby, paying about $50 million a year for the rights.
- Existing deals with Fox, Fox Sports 1, TBS, and Apple TV will continue to cover other MLB games and events like the World Series and "Friday Night Baseball."
- The renegotiation followed the mutual decision to end ESPN's 35-year national TV rights deal with MLB.
- MLB Commissioner Rob Manfred aims to centralize local game streaming to adapt to changes in regional sports networks.
- More than 24 million viewers watched the recent seven-game World Series, highlighting a boost in league ratings.
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