The battle over baseball’s streaming strategies took an unexpected turn into uncharted waters when Diamond Sports Group launched a lawsuit against parent Sinclair, claiming the larger firm drained up to $1.5 billion from the subsidiary housing regional sports networks purchased from Fox. (more…)
Tag Archives | Diamond Sports Group
Bankruptcy judge to decide fate of four MLB team broadcasts
A bankruptcy judge will determine the imminent broadcast homes of the Diamondbacks, Guardians, Rangers and Twins, as bankruptcy-mired Diamond Sports Group attempts to retain broadcast rights to the four MLB teams while not making full rights payments. (more…)
MLB preps for Sinclair bankruptcy restructuring
We could see a drastic overhaul of MLB’s broadcast revenues with a potential Sinclair bankruptcy filing, as the firm looks at a $8.6 billion debt restructuring that could interrupt and decrease team payments. (more…)