Warner Bros. Discovery Lands US Broadcast Rights to the French Open

Trending 1 week ago

Key Takeaways

  • Warner Bros. Discovery connected Tuesday announced a 10-year statement pinch nan French Tennis Federation to broadcast nan French Open successful nan U.S. opening successful 2025.
  • The woody reportedly is worthy astir $65 cardinal per year.
  • WBD, which will beryllium taking complete nan authorities from NBC and Tennis Channel, will broadcast nan Grand Slam arena connected its TNT, TBS, and truTV networks, arsenic good arsenic its Max streaming service.
  • The news comes arsenic WBD's TNT is trying to clasp valuable NBA authorities it's held since 1989.

Warner Bros. Discovery (WBD) is expanding its scope into unrecorded sports by picking up a 10-year statement to broadcast nan French Open tennis tournament, besides known arsenic Roland-Garros, successful nan U.S. opening successful 2025.

The institution said nan woody betwixt its TNT Sports section and nan French Tennis Federation will supply sum connected its TNT, TBS, and truTV networks, arsenic good arsenic its Max streaming channel.

Financial position were not disclosed, though The Athletic reported Friday that it was worthy an mean of $65 cardinal per year, up from nan expiring 12-year woody worthy an mean of $12 cardinal a year. News of nan woody was first reported by Variety connected Friday.

TNT Sports Taking Over Rights From NBC, Tennis Channel

The matches had been broadcast connected Comcast’s (CMCSA) NBC and Peacock streaming service, arsenic good arsenic Sinclair’s (SGBI) Tennis Channel. Following nan men's last won by Spanish prima Carlos Alcaraz connected Sunday, NBC's Noah Eagle announced that TNT Sports would beryllium taking complete nan U.S. broadcast rights. NBC had nan U.S. broadcast authorities since 1983.

TNT Sports Chief Executive Officer (CEO) Luis Silberwasser said adding nan tennis Grand Slam arena “perfectly aligns pinch our world sports strategy and our committedness to adding premium unrecorded sports contented to our TNT Sports portfolio.”

Warner Bros. Discovery noted that nan statement builds connected its 35-year narration pinch Eurosport, which distributes nan French Open to 55 countries extracurricular nan U.S. 

WBD's TNT Also Trying To Retain NBA Rights

The news comes arsenic WBD's TNT is trying to clasp valuable NBA authorities it's held since 1989. According to The Athletic, nan NBA has a model statement pinch a caller partner, Amazon's (AMZN) Amazon Prime Video, for $1.8 cardinal per play and an outline for an statement astatine $2.6 cardinal per twelvemonth pinch longtime authorities holder ESPN of The Walt Disney Co. (DIS). Both The Athletic and The Wall Street Journal person reported that NBC is prepared to salary $2.5 cardinal a twelvemonth to get backmost NBA authorities it last held successful 2002.

Shares of Warner Bros. Discovery fell 1% to adjacent Tuesday's convention astatine $8.04, while Sinclair banal fell 1.4% to $12.04. Comcast shares fell 1.2% to $38.32. All 3 are successful antagonistic territory this year, pinch WBD shares down astir 30%.

More
Source investopedia
investopedia