00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Major League Baseball announced a three-year media rights deal with NBC, Netflix, and ESPN beginning in 2026, according to CNBC.
00:09ESPN opted out of its Sunday Night Baseball package and signed a new agreement that includes MLB.tv distribution and a midweek game slate.
00:17NBC will take over the Sunday Night Broadcast, while Netflix will air the next three home run derbies beginning in 2026.
00:22MLB is earning about $250 million a year from NBC and Netflix combined, roughly $300 million less than what ESPN had previously been paying before opting out.
00:31The only shifts how Major League Baseball divides its rights out of 2028, with the league plans to pursue higher revenue as major sports properties secure bigger national contracts.
00:40For all things money, visit Benzinga.com.
Comments