Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy.
Diamond Sports has been in Chapter 11 bankruptcy proceedings in the Southern District of Texas since it filed for protection last March.
Under the terms of the restructuring agreement, Amazon will make a minority investment in Diamond and enter into a commercial arrangement to provide access to Diamond’s content via Prime Video.
Customers will be able to access their local team's content on Prime Video channels where Diamond has rights.
Under an agreement with creditors last year, Diamond Sports Group became a separate company from Sinclair.
Persons:
Diamond, Sinclair, David Preschlack, ” Diamond, ___
Organizations:
Amazon, Diamond Sports, Bally Sports, —, NBA, NHL, Southern District of, MLB, San Diego Padres, Arizona Diamondbacks, Padres, Diamondbacks, Diamond, New York Yankees, Brooklyn Nets, YES, Sinclair Broadcast Group, Walt Disney Co, Disney, Department of Justice, Diamond Sports Group, Sinclair, RSA, Major League Baseball
Locations:
Southern District, Southern District of Texas, Diamond’s