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Disney's shares plunged after reporting a loss on streaming and disappointing guidance, despite a surprise profit from Disney+ and Hulu. The company's theme parks continued to perform well. Warner Bros. Discovery reported a profit in streaming and a significant increase in subscribers, but faced challenges in studio and network revenue.
SBJ: Warner Bros. Discovery may need to pay as much as $2.8B/year to retain NBA, as league does not believe company can match Comcast on price alone: https://t.co/wSg9tfDjIO
"Basketball Night in America" starting in 2025? Sources tell @TomFriendWriter that NBC/Comcast remains in the driver's seat to capture the third NBA rights package -- unless Warner Bros. Discovery's David Zaslav coughs up as much as $2.8B. https://t.co/jjdt6A8UPn
There has been an assumption that TNT's NBA matching rights apply only to NBCU's offer but Warner Discovery CEO David Zaslav made a point of saying on earnings call that TNT's matching rights apply to third party offers. That would include Amazon's offer.