"On the eve of the first Test, the Guardian revealed TNT had lost UK rights to the Champions League to Paramount+, with Sky Sports picking up the decent consolation prize of Europa League rights, while this week it emerged that TNT has also lost the rights to international rugby union with ITV having paid 80m for the inaugural Nations Championship."
"Accounts for TNT Sports Broadcasting Limited submitted to Companies House this year show losses to July 2024 of 148m, although that figure is understood to include numerous exceptional items and start-up costs for the joint venture, which is projected to break even soon. The long-term future for TNT is also unclear, as Warner Bros is the subject of an ongoing takeover battle that has seen them attract bids from Paramount Skydance, Netflix and Comcast, the owners of Sky Sports."
Recent broadcasting negotiations left TNT Sports without UK Champions League rights, which were acquired by Paramount+ with Amazon Prime given first pick of one exclusive match per round. Sky Sports secured Europa League rights and ITV paid 80m for the inaugural Nations Championship, costing TNT its international rugby rights. Senior figures at TNT expressed devastation at losing the Champions League but defended the level of their bid. TNT Sports Broadcasting Limited reported losses to July 2024 of 148m, including exceptional items and start-up costs, with a projection to break even soon amid takeover interest in Warner Bros.
Read at www.theguardian.com
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