Similar to their recent deal with the NHL, Sinclair is nearing a deal with the NBA to offer an in-market direct-to-consumer streaming service, reports Bloomberg.
Sinclair’s Bally Sports Regional Sports Networks currently have the broadcast rights to 16 NBA teams.
Teams that would be included are the Atlanta Hawks, Charlotte Hornets, Cleveland Cavaliers, Dallas Mavericks, Detroit Pistons, Indiana Pacers, LA Clippers, Memphis Grizzlies, Miami Heat, Milwaukee Bucks, Minnesota Timberwolves, New Orleans Pelicans, Oklahoma City Thunder, Orlando Magic, Phoenix Suns, and San Antonio Spurs.
Separately, Bloomberg says that Sinclair is closing in on $600 million in financing to support the launch of the service later this year.
The company had been circulating a $23 a month price point for the Bally Sports DTC service as part of Sinclair’s fundraising efforts.
There is question, despite have access to some in-market streaming rights, whether they could actually launch a direct-to-consumer offering.