https://cordcuttersnews.com/amazon-buys-part-of-bally-sports-will-become-the-new-streaming-provider-for-bally-sports-direct-to-consumer-streaming/
After weeks of rumors and negotiations, Amazon has officially entered into an agreement to invest in Diamond Sports Group and become the primary streaming home of live games on Bally Sports.
Diamond announced Wednesday that Amazon Prime Video will become the primary streaming partner of Bally Sports, carrying all of the MLB, NBA and NHL teams to which Diamond has digital rights. While Diamond owns digital rights to all of the NBA and NHL teams carried by Bally Sports, that is the case for only five of 11 Major League Baseball teams.
According to the New York Post, the size of the Amazon investment is $100 million. According to previous reporting in the Post, Amazon was initially set to invest $150 million in a deal that would have included all of the MLB teams.
The Amazon deal is part of a broader restructuring agreement that also includes Diamond settling its litigation with parent company Sinclair, which has agreed to pay a $495 million. Diamond filed suit against Sinclair last year alleging that the company had been draining the division of assets with an eye toward its eventual bankruptcy.
Seismic news regarding how to watch the Magic. Amazon becomes minority owner and has rights to Magic games. Wow.