The Yankees, which already held 20 per cent of the network, will now hold 26 per cent, while Amazon and Sinclair will hold 15 per cent and 20 per cent, respectively. The remaining 39 per cent will be divided between financial investors RedBird Capital, the Blackstone Group and Mubadala Capital. (The Logic)
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The Yankees, which already held 20 per cent of the network, will now hold 26 per cent, while Amazon and Sinclair will hold 15 per cent and 20 per cent, respectively. The remaining 39 per cent will be divided between financial investors RedBird Capital, the Blackstone Group and Mubadala Capital. (The Logic)
Talking point: The deal adds to Amazon’s growing sports portfolio; the tech giant has been gradually collecting rights from major leagues to supplement its video-streaming service with live sporting events. It has been showing NFL games since 2017, and signed a deal with the U.K.’s Premier League to stream its soccer matches through the 2019 season. For Amazon, acquiring the rights to broadcast major sports events helps the company’s video-streaming service compete with traditional broadcasters—so far, Amazon has inked deals with leagues to broadcast their content, but this is the first time the company has bought a stake in a major traditional sports broadcaster.
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