Walt Disney Co. and Time Warner Inc. renewed their contracts to carry National Basketball Association games through the 2024-25 season, tripling payments to the league and locking in coveted live sports programming before other networks could bid.
The NBA will receive $24 billion over nine years, said a person familiar with the matter, who asked not to be identified because the terms are private. Time Warner’s TNT and Disney’s ESPN and ABC networks pay the NBA about $930 million a year combined in a deal that was set to expire at the end of 2015-2016 season.
