Financial News
Diamond Sports Group Announces Multi-Year Commercial Agreement With Prime Video
FanDuel Sports Network RSNs will be available via Prime Video as an add on subscription
Diamond Sports Group (“Diamond”) today announced a multi-year agreement with Prime Video, enabling direct-to-consumer (DTC), local access to Diamond’s FanDuel Sports Network’s 16 regional sports networks (“RSNs”) serving fans in 31 states.
Under the terms of the agreement:
- FanDuel Sports Network RSNs will be available via Prime Video as an add on subscription for customers living within each team’s designated geographic area. More details to be announced at a later date.
- Customers will be able to subscribe to and watch their local FanDuel Sports Network content, including live games and pre- and post-game programming directly through Prime Video.
- Amazon will market the availability of FanDuel Sports Network content on Prime Video.
- Fans who watch local games through Prime Video will enjoy a seamless and customized viewing experience, as Prime Video allows them to subscribe, manage, and watch their favorite streaming services and sports content in one place.
David Preschlack, CEO of Diamond, stated: “Partnering with Prime Video, one of the largest streaming destinations in the U.S., and making FanDuel Sports Network available as part of their add on subscriptions, creates a tremendous opportunity for us to expand our reach and better connect with viewers. Our partnerships with Prime Video and FanDuel combine with our agreements with team, league and distribution partners to support a transformative reorganization of our business, and a leading linear and digital offering that will continue driving long-term value and enhanced experiences for our partners and fans.”
Financial details of the agreement were not disclosed. Additional information regarding Diamond’s Chapter 11 cases, including court filings and information about the claims process are available at https://cases.ra.kroll.com/DSG.
About Diamond Sports Group
Diamond Sports Group LLC, an independently managed and unconsolidated subsidiary of Sinclair Inc., owns the FanDuel Sports Network Regional Sports Networks (RSNs), the nation's leading provider of local sports. Its 16 owned-and-operated RSNs include FanDuel Sports Network Detroit, FanDuel Sports Network Florida, FanDuel Sports Network Great Lakes, FanDuel Sports Network Kansas City, FanDuel Sports Network Indiana, FanDuel Sports Network Midwest, FanDuel Sports Network North, FanDuel Sports Network Ohio, FanDuel Sports Network Oklahoma, FanDuel Sports Network SoCal, FanDuel Sports Network South, FanDuel Sports Network Southeast, FanDuel Sports Network Southwest, FanDuel Sports Network Sun, FanDuel Sports Network West, and FanDuel Sports Network Wisconsin. The FanDuel Sports Network RSNs serve as the TV home to select MLB, NHL and NBA teams based in the United States. Diamond Sports Group also has a minority interest in the YES Network, the local destination for the New York Yankees and Brooklyn Nets. Diamond RSNs produce over 3,000 live local professional telecasts each year in addition to a wide variety of locally produced sports events and programs.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241113243885/en/
Contacts
For Diamond Sports Group: Paul Caminiti/Renée Soto/Luc Herbowy, Reevemark
DiamondSportsTeam@reevemark.com
For Diamond Sports/FanDuel Sports Network: Whitney Burak
WBurak@FanDuelSportsNetwork.com
For Prime Video: Tim Buckman
tjbuck@amazon.com
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