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Amazon to Acquire Stake in Diamond Sports Under Bankruptcy Reorg, Prime Video to Become Primary Streaming Partner for RSNs
Diamond Sports Group has put together a plan to emerge from bankruptcy and remain a going concern, helped by streaming deal with Amazon.
Diamond Sports Group has put together a plan to emerge from bankruptcy and remain a going concern, helped by a big new streaming deal with Amazon. Under the terms of Amazon’s investment, the tech giant will enter into a commercial arrangement to provide access to Diamond’s services via Prime Video. Diamond Sports Group also has a joint venture in Marquee, home of the Chicago Cubs, and a minority interest in the YES Network, the destination for the New York Yankees and Brooklyn Nets.
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