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The NBA has reached an agreement with bankrupt broadcaster Diamond Sports Group.
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Diamond will continue to broadcast NBA games for the current 2023-2024 season.
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After the season, Diamond’s broadcast deals with NBA teams will expire.
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The NBA’s local TV rights are expected to attract interest from tech giants and media companies.
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Disney, Apple, Amazon, and YouTube have expressed interest in streaming local NBA games.
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Diamond’s plan has support from key creditor groups, but alternative transactions are still being explored.
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The agreement needs approval from a bankruptcy judge and is subject to a cooperation agreement with the NBA.
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Diamond will also broadcast NHL games throughout the season and most MLB games in 2024.
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Diamond filed for Chapter 11 bankruptcy in March and has a plan to continue broadcasting NBA, NHL, and MLB games.