Warner Bros. Discovery CEO David Zaslav confirmed that talks with the NBA to keep games on TNT are ongoing. NBC has offered the NBA $2.5 billion per season to essentially replace TNT as the league’s other primary partner alongside ESPN. Amazon will likely enter as a partner for the NBA and broadcast both the NBA Cup and Play-In Tournament.
“We continue to be in constructive negotiations with the NBA,” Zaslav said Monday at the Milken Institute Global Conference in California. “It’s a great league. The TNT team does a terrific job. And we love the NBA.”
WBD maintains matching rights with the NBA as one of their existing partners.
WBD’s stock has lost nearly one-third of its value so far this year, with a drop of nearly 10 percent last week driven in part by reports the network could lose the NBA rights.
During an interview in November 2022, Zaslav said “We don’t have to have the NBA.”