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ESPN and MLB’s fallout could open up another streaming sports bidding war

Disney’s ESPN and Major League Baseball are parting ways, ending a 35-year media rights relationship after the 2025 season.

ESPN reportedly sought to lower its $550 million per year fee, citing cheaper agreements the league struck with streamers like Apple ($85 million per year) and Roku ($10 million). When that didnt work, the parties agreed to walk.

ESPNs deal — originally set to expire after 2028 — gave the cable kingpin the leagues prime-time weekly Sunday night game, as well as the Home Run Derby and a chunk of the playoffs. Neither side ruled out a future reunion.

The MLB, which enjoyed a ratings and live attendance resurgence last year, is likely hoping to replicate some of the streaming bidding wars that have boosted other sports leagues deals (though its rights packages are less nationalized than other leagues). That will likely make the sports streaming landscape, which is already the Wild West and infuriating for fans, even more complex.

The NFL receives about $12 billion annually (including $2 billion from YouTube), and the NBA about $7 billion (with $1.9 billion from Amazon). Netflix’s 10-year, $5 billion deal for WWEs Raw officially began last month. Meanwhile, Hollywood insiders have complained that these massive deals are causing streamers to drastically cut their original content spending.

ESPNs deal — originally set to expire after 2028 — gave the cable kingpin the leagues prime-time weekly Sunday night game, as well as the Home Run Derby and a chunk of the playoffs. Neither side ruled out a future reunion.

The MLB, which enjoyed a ratings and live attendance resurgence last year, is likely hoping to replicate some of the streaming bidding wars that have boosted other sports leagues deals (though its rights packages are less nationalized than other leagues). That will likely make the sports streaming landscape, which is already the Wild West and infuriating for fans, even more complex.

The NFL receives about $12 billion annually (including $2 billion from YouTube), and the NBA about $7 billion (with $1.9 billion from Amazon). Netflix’s 10-year, $5 billion deal for WWEs Raw officially began last month. Meanwhile, Hollywood insiders have complained that these massive deals are causing streamers to drastically cut their original content spending.

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Paramount and Microsoft’s Activision agree to partner on a “Call of Duty” movie

Less than a month after forming, Paramount Skydance has landed another major piece of intellectual property. The studio said it’s signed a deal with Microsoft’s Activision to create a live-action “Call of Duty” film.

The competitive shooter is one of the most popular gaming franchises in the world and has been the US’s bestselling series for the past 16 years. The next title in the 22-year-old franchise, “Black Ops 7,” will debut in November.

Paramount, which closed its merger with Skydance in August, has had a summer of big deals. It acquired UFC broadcast rights in a $7.7 billion deal with TKO last month, following a $1.5 billion deal for “South Park” rights in July. The company also lured “Stranger Things” creators away from Netflix last month for a four-year film and TV development deal.

The competitive shooter is one of the most popular gaming franchises in the world and has been the US’s bestselling series for the past 16 years. The next title in the 22-year-old franchise, “Black Ops 7,” will debut in November.

Paramount, which closed its merger with Skydance in August, has had a summer of big deals. It acquired UFC broadcast rights in a $7.7 billion deal with TKO last month, following a $1.5 billion deal for “South Park” rights in July. The company also lured “Stranger Things” creators away from Netflix last month for a four-year film and TV development deal.

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