Update: Warner Bros. Discovery Reportedly Sues NBA After TV Rights Go to Rivals

MT Newswires Live07-27

(Updates to reflect Warner and the NBA did not immediately respond to requests for comment.)

Warner Bros. Discovery (WBD) has filed a lawsuit against the National Basketball Association in a New York state court after the league awarded the TV rights to its rivals, according to media reports Friday.

Several news outlets reported Wednesday the NBA has turned down an offer from Warner Bros. Discovery-owned TNT Sports because it did not meet the terms of the offer from Amazon.com's (AMZN) Amazon Prime Video.

The NBA said late Wednesday it has renewed its partnership with Walt Disney (DIS) and signed new agreements with Comcast-owned (CMCSA) NBCUniversal, in addition to Amazon.

Warner Bros. and the NBA did not immediately respond to requests for comment from MT Newswires.

Price: 8.19, Change: +0.20, Percent Change: +2.50

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