Latest in NBA

Unless someone calls a time out soon, the legal game between the NBA and Warner Bros Discovery over small-screen basketball rights that the still David Zaslav-run media company turned over looks set to go down to some serious 2-for-1. As promised, the Adam Silver-led league has responded with force…

Shares of Warner Bros. Discovery fell sharply this morning, touching all time lows well under $7 after disappointing quarterly earnings after market close yesterday that included a massive write-down at its networks division. The stock fell to $6.73, a low. It’s trading down more than 12% at $6.76…

Warner Bros. Discovery CEO David Zaslav, CFO Gunnar Wiedenfels and JB Perrette, head of streaming and games, faced down skeptical media analysts Tuesday after losing the NBA and reporting a second quarter mostly below Wall Street forecasts and with a massive write-down stemming, in great part, from what…

Warner Bros. Discovery is taking a hefty non-cash impairment charge, or write-down, of $9.1 billion at its networks division to align the book value of its linear television business with the reality of uncertain advertising and sports rights renewals as the NBA is set to move on. The value of the…

Disney CEO Bob Iger said he sees “tremendous value” in the company’s 11-year rights extension with the NBA despite the significant increase in costs over the previous agreement. Speaking on the company’s fiscal third-quarter earnings call with Wall Street analysts, Iger also addressed potential…

Disney beat its own timeframe to reach streaming profits in an upbeat June quarter that also saw a big contribution from Inside Out 2. For well over a year, the company’s promised a streaming swing to the black in the 2024 fiscal fourth quarter but nailed it earlier, reporting $47 million in DTC operating…

Cosm, purveyor of immersive technology, media and entertainment experiences it has dubbed “shared reality,” has raised more than $250 million in new funding. The new capital will fuel an ongoing expansion of the company’s portfolio of venues in LA, Dallas and other cities to come as well as…

One of the great things about being Charles Barkley is that you get to change your mind. The all-time NBA great and analyst on TNT’s Inside the NBA told Dan Patrick this morning that, despite previously saying he would retire after the 2024-2025 season, he has had discussions with the three…

(Updated with NBA statement) Just hours before the Opening Ceremony is set to kick off in Paris, David Zaslav wants to remind everyone that the Olympics are not the only game in town, as expected filing a lawsuit against the NBA over TV rights. Not that the NBA seem that impressed “Turner…

Turner Sports host Charles Barkley has never held back from criticizing his own employer, but in a statement Friday he shifted his ire to the NBA and team owners for choosing “money over the fans.” The NBA Hall of Famer, a co-host of Turner studio show Inside the NBA, had previously ripped Turner…

Shares of Warner Bros. Discovery fell about 8% at market open after the NBA’s announcement Wednesday of three big rights deals with three WBD rivals, shutting it out of professional basketball. It's the latest hit to an already depressed stock — changing hands now at below $8 — that's already so low…

Reflecting on their long-term deal with the NBA, ESPN Chairman Jimmy Pitaro and EVP of Programming & Acquisitions Rosalyn Durant said the rise of the WNBA of late provided extra motivation to renew. “There’s a lot of demand for WNBA content right now, which, from our perspective, is fantastic,&#8221…