NFL denies report on media rights deal with Disney

February 26, 2021 3:36 PM EST

FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid


Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

(Reuters) - The National Football League (NFL) on Friday denied a report that said it had reached a media rights deal with Walt Disney Co's channels ESPN and ABC.

The Sports Business Journal reported that ESPN will renew 'Monday Night Football' and ABC will return to the Super Bowl rotation. (https://bit.ly/3pYxSNF)

Disney is expected to pay an increase of up to 30% from its existing deal, which would equate to around $2.6 billion, the report said, citing sources.

"The report is incorrect and as we don't negotiate through the media, there will be no further comment," an NFL spokesperson said.

Meanwhile, an ESPN spokesperson declined to comment.

(Reporting by Eva Mathews in Bengaluru; Editing by Shailesh Kuber)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

General News, Reuters