Streaming Diamond regional sports networks on Amazon Prime Video.
- Amazon's Prime Video has struck a deal with Diamond Sports to offer its 16 regional sports networks on the streaming platform.
- FanDuel Sports Networks will be accessible as an additional subscription for Prime clients residing in the designated geographic region.
- Diamond Sports has been approved in court to reorganize and exit bankruptcy.
Prime Video has struck a deal with Diamond Sports to make its 16 regional sports networks accessible on the streaming platform.
Diamond's networks will be accessible as an add-on subscription to Prime customers in each team's designated geographic area. The pricing details will be revealed at a later date. The financial terms of the multi-year agreement were not disclosed.
Diamond Sports is planning to leave bankruptcy protection with a new business strategy.
In October, Diamond signed a naming rights deal with FanDuel, promptly rebranding its networks from Bally Sports to FanDuel Sports Networks. The name change occurred during the National Hockey League season and prior to the start of the 2024-2025 National Basketball Association season.
On Thursday, Diamond will present its reorganization plan to the court, despite opposition from Major League Baseball and the Atlanta Braves, who doubt the plan's feasibility.
The league and the Braves sought additional information about the partnership with Amazon, which was not yet finalized.
Last year, Diamond filed for bankruptcy due to a significant debt burden and the decline in cable TV subscriptions as consumers increasingly choose streaming services over bundled packages.
Diamond has secured TV and streaming rights for NBA and NHL teams, while also negotiating with MLB teams on an individual basis.
The YES Network, owned by the New York Yankees, is one of the regional sports networks that have started streaming options in recent years. Amazon's Prime Video also streams Yankees games as it holds a stake in the YES Network.
The networks have been cautious in setting their streaming prices to avoid disrupting the cable TV model and breaching contracts with distributors, which have helped them earn billions of dollars in fees from airing professional sports games.
Business News
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