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☆ It's a do-or-die moment for debt-riddled Warner Bros. Discovery's live-sports strategy as it vies for NBA rights
▼ + stars: | 2024-03-08 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

WBD generated $6.2 billion of free cash flow through 2023 and likely shelled out around $1.4 billion of that for NBA games. Analysts estimate that figure would be closer to $2 billion if WBD re-ups its NBA package. WBD wants a big NBA deal, despite Wall Street's wishesSixteen months ago, Zaslav said WBD didn't "have to have" the NBA. NBA ratings have been lackluster lately, with national TV games averaging 1.6 million viewers in the last two seasons. Zaslav's latest public remarks on the NBA negotiations reflect that.

Persons: —, Shaquille O'Neal, Charles Barkley, Tim Nollen, Max, Jason Bazinet, WBD, David Zaslav, it's, Jessica Reif Ehrlich, Wall, Zaslav, John Hodulik, Chuck, Ernie Johnson Organizations: Service, Basketball Hall of Famers, NBA, TNT, ESPN, Warner Bros, Business, Media, Amazon, NBC, Comcast, Apple, Netflix, WWE, Macquarie, Disney, Fox, Cable, Citigroup, Warners, of America, Street, Zaz, UBS Locations: Shaq

☆ All eyes on projected top pick Wembanyama ahead of NBA Draft
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +3 min

June 21 (Reuters) - When it comes to the 2023 NBA Draft, there is Victor Wembanyama and then there is everyone else. A so-called generational talent who can quickly change the trajectory of a franchise, Wembanyama is the most anticipated and hyped NBA Draft prospect since LeBron James, the league's all-time leading scorer, in 2003. I've never seen anything quite like him on a basketball floor," ESPN basketball analyst Jay Bilas said on a conference call. The Charlotte Hornets own the second pick in the NBA Draft while the Portland Trail Blazers are set to pick third overall. There will be 58 picks across two rounds in the 2023 NBA Draft instead of the usual 60 because Philadelphia and Chicago forfeited a second-round pick due to violating rules governing free agency discussions.

Persons: Victor Wembanyama, Wembanyama, LeBron James, I've, Jay Bilas, Antonio, Basketball Hall of Famers David Robinson, Tim Duncan, Duncan, San, James, Everybody's, LeBron, We've, Frank Pingue, Ken Ferris Organizations: San Antonio Spurs, NBA, ESPN, Basketball Hall of Famers, Spurs, Metropolitans, French League, Charlotte Hornets, Portland Trail Blazers, Philadelphia, Chicago, Thomson Locations: San Antonio, Toronto

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