Report: ESPN, NFL agree to billion-dollar deal to acquire RedZone, other top media properties
ESPN and the NFL have agreed to a billion-dollar deal that will see the sports network acquire top media properties such as the RedZone channel in exchange for equity in ESPN, per Andrew Marchand of The Athletic. An official announcement is expected next week.
In addition to RedZone, ESPN is expected to have access to NFL Network, seven regular season games, the league’s fantasy football business, potential to integrate special features like betting and potentially more assets, Marchand reported. The deal comes as ESPN is soon to make its programming available in a direct-to-customer product. ESPN has coined it as the “Next Era.” It is set to cost $29.99 a month.
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