• Thu. Sep 28th, 2023

New Orleans Pelicans acquire punctual rights payment from Diamond Sports Group


Sep 19, 2023
New Orleans Pelicans acquire punctual rights payment from Diamond Sports Group

The Pelicans have received their rights charge payment from Diamond Sports Group, permitting their games for the 2023-24 season to be televised by Bally Sports New Orleans. Pelicans SVP Greg Bensel confirmed that they are organizing to have Bally’s Sports broadcast their games this season, and they have currently had many pre-production conference calls with the Bally’s Sports employees.

Diamond Sports Group, who filed for bankruptcy earlier this year, has left its 15 NBA teams in limbo as they face a court deadline to develop a reorganization strategy. Nevertheless, the most recent improvement with the Pelicans is observed as promising by NBA executives.
Most of the 15 teams with Bally’s contracts are not scheduled to acquire payments till October or November. The NBA has assured teams that in case of non-payments from Diamonds, all games will be streamed by means of the NBA App. Nevertheless, teams will will need to locate an more than-the-air companion immediately to broadcast games on linear Television, which the Jazz and Suns have currently achieved.

There is concern amongst NBA teams about how a missed payment will effect their franchise, contemplating Diamond’s annual charges are about $40 million per group. Teams would have to recoup lost income by means of ad sales and direct-to-customer streaming packages, and they would will need to negotiate offers with their linear partners on the split of production expenses. Even though teams think they can pivot immediately if needed, financially it would not be doable to attain the identical level as ahead of for the initially handful of years. A broadcasting enterprise would will need to be gradually constructed.

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