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TNT Sports to air new women's basketball league Unrivaled
  + stars: | 2024-10-16 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +4 min
Unrivaled, the new and upcoming pro women's basketball league, signed an exclusive, multiyear media rights deal to air its games on TNT and truTV, as well as streaming platform Max. The heightened interest in the WNBA led to the league's most recent media rights deal being valued at $2.2 billion for 11 seasons, CNBC previously reported. The WNBA's media rights deal is negotiated as part of the NBA's agreement. The media rights deal with Unrivaled gives Turner Sports the opportunity to keep basketball on its air if it is not successful in its lawsuit. Star broadcaster and NBA Hall of Famer Charles Barkley recently said he wouldn't leave TNT Sports even if the company doesn't have NBA media rights in the future.
Persons: Napheesa Collier, Breanna Stewart, Caitlin Clark, Angel Reese —, Collier, Stewart, Reese, Alex Bazzell, Comcast's NBCUniversal, Discovery's Turner, NBA Hall of Famer Charles Barkley, Barkley, spokespeople, Turner Organizations: Minnesota Lynx, New York Liberty, Barclays Center, Warner Bros, TNT Sports, women's, TNT, WNBA, CNBC, ESPN, Comcast's, Discovery's Turner Sports, Discovery, NBA, Turner Sports, Mediapro North, Star, NBA Hall of Famer, Major League Baseball, National Hockey League Locations: Brooklyn , New York, U.S, Mediapro North America
Meanwhile, Mizuho raised its price target on Palo Alto Networks ahead of the company's upcoming earnings release. But Grambling shaved $4 off his price target to $47, though that still implies 57.5% upside from Monday's close. Long kept his price target unchanged at $97, which reflects just 1.8% in upside over Monday's closing price. Analyst Laurent Yoon downgraded the media stock to market perform from outperform and shaved $2 off his price target to $8. Analyst Gregg Moskowitz raised his price target on the cybersecurity stock to $380 from $350, maintaining his outperform rating.
Persons: Bernstein, Mizuho, Rollins, Wells Fargo, Jason Haas, Haas, — Alex Harring, Thomas Palmer, Palmer, Morgan Stanley, DraftKings, Stephen Grambling, Grambling, Alex Harring, Tim Long, Long, Dell, Damian Karas, Karas, " Karas, Warner, Laurent Yoon, Yoon, Discovery's Turner, Gregg Moskowitz, Moskowitz, Fred Imbert Organizations: CNBC, Warner Bros, Palo Alto Networks, Hormel Foods, Citi, Hormel, Planters, Grambling, DraftKings, Barclays, Dell, Nasdaq, UBS, Discovery, NBA, Discovery's Turner Sports, Mizuho Locations: Wells Fargo, Monday's, Southern, Grambling, Palo Alto
Warner Bros. Warner Bros. Discovery matching rights when it signed its previous media deal in 2014. Discovery's matching rights agreement is five pages long, and the company believes it has a strong case, the people said. Owning NBA rights is valuable to the health of Warner Bros.
Persons: Max, Discovery's Turner, Discovery, That's, Luis Silberwasser Organizations: Warner Bros . Discovery, National Basketball Association, TNT Sports, TNT, NBA, Disney, Comcast, Warner Bros, Discovery's Turner Sports, Amazon, Amazon Prime, Discovery, Media
Nathaniel S. Butler | National Basketball Association | Getty ImagesWith National Basketball Association media rights approaching final form, Warner Bros. The league has sent official terms of its proposed new media rights contacts to Warner Bros. Warner Bros. Warner Bros. Warner Bros.
Persons: Jaylen Brown, Nathaniel S, Butler, Comcast's, Discovery's Turner, Max, Ernie Johnson, Charles Barkley, Kenny Smith, Shaquille O'Neal, Barkley Organizations: Boston Celtics, Dallas Mavericks, National Basketball Association, Getty, Warner Bros, Discovery, TNT, Disney, WNBA, CNBC, Amazon, NBA, Warner Bros . Discovery, Discovery's Turner Sports, Max, Amazon's Locations: Boston
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