Quote:

---

(AP) - Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy.

Diamond owns 18 networks under the Bally Sports banner. Those networks have the rights to 37 professional teams 11 baseball, 15 NBA and 11 NHL.

Diamond Sports has been in Chapter 11 bankruptcy proceedings in the Southern District of Texas since it filed for protection last March. The company said in a late 2021 financial filing that it had debt of $8.67 billion.

---

Quote:

---

Under the terms of the restructuring agreement, Amazon will make a minority investment in Diamond expected to be initially $115 million and enter into a commercial arrangement to provide access to Diamond's content via Prime Video.

Customers will be able to access their local team's content on Prime Video channels where Diamond has rights. Pricing and availability will be announced at a later date, but it is unlikely that this content would be available as benefit included for current Prime subscribers. Regional sports content will also remain available on cable and satellite providers.

Amazon Prime already carries some New York Yankees and Brooklyn Nets games produced by the YES Network.

Due to the complexity of this bankruptcy case, though, it could take a while before games become available on Prime Video.

---