• Loading stock data...
Tuesday, September 9, 2025
Tuned In is Almost Sold Out! Limited Tickets Remain!

WBD Secures Comcast Deal, Readies for Future Without NBA Rights

The outlook this past summer was grim for the TNT Sports parent company. A flurry of content and distribution deals have remade its look and future prospects.

Kirby Lee-Imagn Images

Warner Bros. Discovery’s ongoing preparation for an existence without domestic NBA media rights continues to gather steam, representing one of the unlikelier stories in the media industry. 

The TNT Sports parent this week completed a large-scale distribution agreement with Comcast, the second-largest U.S. cable company, that will cover not only domestic distribution but also the U.K. and Ireland. Following a somewhat similar deal WBD struck in September with Charter Communications, the No. 1 carrier, Comcast will continue to carry key WBD networks such as TNT, TBS, CNN, Discovery, Food Network, HGTV, and TLC.

The Comcast pact marks the latest in a steady flow of new business for WBD under CEO David Zaslav since the NBA announced in late July its plan to move forward without TNT Sports holding national rights with the league, starting with the 2025–2026 season. 

In the last four months, WBD has also moved heavily into college football and basketball, picking up partial game rights to the Big 12, Big East, and Mountain West conferences as well as the College Football Playoff, in turn helping protect the company’s critical carriage fees. The run of activity additionally includes the resolution of WBD’s lawsuit against the NBA, with the company acquiring a broad set of league content and highlight rights, including live rights in several international territories, and a “reimagined and enhanced” partnership for NBA Digital.

That settlement further involved a three-way agreement with ESPN, paving the way for TNT Sports’ Inside the NBA to move to the Disney-owned network.

“These broad and multiyear agreements underscore the value and appeal of our linear portfolio,” said Bruce Campbell, WBD chief revenue and strategy officer, of the Comcast agreement, which included a resolution of an outstanding legal dispute there, too. 

Stock Run-Up

Investors have clearly taken notice of WBD’s ongoing reconstruction. After hitting a 52-week low in early August, days after the NBA media deals were announced, WBD shares have grown more than 60%, and by more than 15% just in the last month. 

There’s still a big hill to climb, though, as the stock is still less than half the level it was at when the current company was created following a 2022 merger with Discovery, Inc. There’s also an investor lawsuit against the company that is seeking class-action status. But it’s becoming increasingly clear there indeed can be life for WBD without its long-held NBA live rights deal in the U.S., and has given some vindication to Zaslav’s much-scrutinized 2022 comment that WBD didn’t “have to have the NBA.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Aug 23, 2025; New Orleans, Louisiana, USA; Detailed view of the Denver Broncos helmet against the New Orleans Saints during warmups at Caesars Superdome.

Broncos Eye 2031 Opening for New Multibillion-Dollar Stadium

The NFL team plans a new venue and mixed-use development.

WNBA Hits 3M Attendance Milestone in Season’s Final Week

The WNBA extended the season to a record 44 games this year.
Tony Parker

Tony Parker, French Team Owner, Says NBA Europe Is Inevitable

Parker didn’t rule out his ASVEL club joining the NBA’s new league.

Featured Today

Sep 7, 2025; Orchard Park, New York, USA; Buffalo Bills fans react during the fourth quarter against the Baltimore Ravens at Highmark Stadium.

As Bills Ascend, Their Next Frontier Lies in Canada

Buffalo and the powerful Canadian entity MLSE come together in a new pact.
opinion
September 9, 2025

The Good, The Bad, and The Ugly from NFL’s Week 1 Broadcasts

Many viewers decried the addition of ads to “NFL RedZone.”
Aug 23, 2025; Tampa, Florida, USA; Buffalo Bills quarterback Josh Allen (17) leads the team onto the field for warm ups before a game against the Tampa Bay Buccaneers at Raymond James Stadium.
September 7, 2025

Slow Burn: The NFL’s Private-Equity Era So Far

Three deals have been struck to date. But the league is bullish.
Tennis
September 5, 2025

The US Open Is Groaning Under the Weight of Its Own Success

New York’s tennis major is more popular than ever.

NFL’s Expected Early-Season Ratings Boost Gets Off to a Stormy Start

The kickoff game somewhat resembles the delays last year in an SNF game.
Eagles
September 4, 2025

The Death of Streameast Has Been Greatly Exaggerated

Mirror sites began popping up Thursday, the day the NFL season begins.
September 4, 2025

TNT Sports to Try Its Own Streaming App After WBD Split

TNT Sports will have its own app as a corporate split approaches.
Sponsored

How World Series Champ Dexter Fowler Became a Premier League Team Owner

Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
September 4, 2025

3 ABC Games Top 10M Viewers Each in ESPN’s Record CFB Weekend

Miami–Notre Dame led the way with 10.8 million viewers.
September 4, 2025

Bill Belichick’s UNC Debut Draws More Than 6M Viewers on ESPN

TCU-UNC was the fifth-most-watched college football game of Week 1.
September 3, 2025

Ohio State–Texas Showdown Was Most-Watched Week 1 CFB Game Ever

Fox drew 16.62 million viewers on Saturday afternoon.
September 2, 2025

NFL on Nielsen’s Latest Measurement Upgrade: ‘More Work to Be Done’

The league calls its relationship with the agency a “protracted journey.”