ESPN has acquired the NFL Network and associated media assets, including the rights to the RedZone channel, in a deal resulting in a 10% equity stake for the NFL in ESPN. ESPN will also integrate the NFL's fantasy product into its platform, officially making ESPN Fantasy Football the game of the NFL. Additionally, ESPN will obtain licensing for other NFL content while ensuring that the NFL Network operates under ESPN's control. ESPN will license three extra NFL games each season, aggregating to 28 games, and will continue to distribute RedZone.
ESPN is acquiring the NFL Network and other NFL media assets, including linear rights to the popular RedZone channel, in an acquisition deal that gives the NFL a 10% equity stake in ESPN.
ESPN will merge the NFL's fantasy product into its existing platform, establishing ESPN Fantasy Football as the official game of the NFL, while obtaining a license for other NFL content to be shared on the NFL Network.
ESPN will gain broad rights to the RedZone channel, which will continue to be managed by the NFL. ESPN platforms will also license three additional NFL games per season, expanding its total to 28.
ESPN chairman Jimmy Pitaro notes that this integration is designed to create a 'premier destination for football fans', effectively redefining how fans engage with the game on a new direct-to-consumer platform.
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