• Sun. Oct 1st, 2023

New Orleans Pelicans get punctual rights payment from Diamond Sports Group


Sep 19, 2023
New Orleans Pelicans get 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 arranging to have Bally’s Sports broadcast their games this season, and they have currently had various 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 generate a reorganization program. Nevertheless, the most current improvement with the Pelicans is noticed as promising by NBA executives.
Most of the 15 teams with Bally’s contracts are not scheduled to get payments till October or November. The NBA has assured teams that in case of non-payments from Diamonds, all games will be streamed via the NBA App. Nevertheless, teams will require to uncover an more than-the-air companion speedily 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 influence their franchise, contemplating Diamond’s annual costs are about $40 million per group. Teams would have to recoup lost income via ad sales and direct-to-customer streaming packages, and they would require to negotiate offers with their linear partners on the split of production charges. Even though teams think they can pivot speedily if essential, financially it would not be attainable to attain the very same level as ahead of for the very first handful of years. A broadcasting company would require to be gradually constructed.

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