Diamond Sports Group (DSG), the parent company of Bally Sports, announced a significant development in its efforts to recover post-bankruptcy by securing a multi-year deal with Charter Communications, a major cable distributor. This agreement is part of DSG's broader strategy to demonstrate its potential for profitability by also aiming to finalize similar agreements with Comcast and DirecTV. The deal with Charter is seen as a crucial step for DSG, especially considering the skepticism from trade press and industry observers about its ability to survive the financial turmoil. Moreover, the agreement ensures that Bally Sports West will continue to operate, and the Angels broadcasts will remain available on the platform, with added streaming options, pending approval from the bankruptcy court. The next hearing, scheduled for April 17, will review DSG's disclosure statement as the company seeks to solidify its position in the market.
Diamond Sports Group agrees to multi-year renewal with Charter https://t.co/mXsGqyYsBg
There were a lot of doubters (trade press!) that DSG would survive. Still work to do, but this is a big development. Diamond Survives Bankruptcy, Signs a Multiyear Carriage Renewal With Top Pay TV Operator Charter https://t.co/108UYWZZPd
Diamond Sports Group (Bally) announced a multi-year deal with the cable distributor Charter, per @Alden_Gonzalez. They expect to reach deals with Comcast and DirecTV in hopes of showing profitable improvement post-bankruptcy. https://t.co/tTQXF0Gf7j
Diamond Sports Group (Bally) announced a multi-year deal with the cable distributor Charter, per @Alden_Gonzalez. They expect to reach deals with Comcast & DirecTV in hopes of showing profitable improvement post-bankruptcy. https://t.co/mPiVvZNNcZ
Diamond Sports Group announced earlier it secured a multi-year deal with cable distributor Charter. They expect to reach similar deals with Comcast & DirecTV in hopes of showing they can be profitable post-bankruptcy. Next hearing is April 17 to review their disclosure statement.
The parent company of Bally Sports says it has reached a “multi-year” deal with the patent company of Spectrum. If the bankruptcy court agrees, Bally Sports West would continue to exist and the Angels broadcasts would remain there, with streaming options. https://t.co/iEDWMzS5Is
MVPD's signaling that they would rather do a deal with DSG for RSNs than local OTA's that might otherwise get the NBA, NHL, or MLB rights. Kind of a "dealing with the devil you know" situation! https://t.co/a8XeAPHFyp
Diamond Sports Group announced a new deal with Charter Communications. Next up: deals with Comcast and DirecTV.