Friday, November 16, 2018

MLB Renews With FOX Sports

Major League Baseball and 21st Century Fox signed a new rights agreement that will keep the national pastime’s biggest games on Fox Sports and Fox Broadcasting for the next several years, reports Variety.

Under the terms of the pact, Fox Sports and Fox Deportes maintain exclusive television broadcast rights to the World Series, one League Championship Series, two Division Series and the All-Star Game. As in previous agreements, the league’s MLB Network will continue to have the rights to two games from the League’s Division Series that Fox is airing. Fox Sports will also expand its digital rights.

Fox said the new agreement would make it “the home to baseball’s marquee events for the next decade,” a nod to the fact that the deal lasts through 2028, seven years after a current eight-year pact between Fox and the league expires in 2021. Fox and Major League Baseball have been broadcast partners for more than two decades. The current pact between Fox and the league was valued at approximately $525 million per year.

The fees are believed to increase by 30% early on and by as much as 50% later in the term of the contract, according to people familiar with the matter.

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