Comcast Reaches Carriage Agreement with Diamond Sports Group

The months-long blackout of Bally Sports channels for Comcast customers is finally coming to an end. Comcast has reached a new carriage agreement with Diamond Sports Group, restoring access for fans just in time for crucial sports seasons.

A Resilient Deal Amidst Challenges

The agreement marks a significant milestone for Diamond Sports Group, which has been navigating Chapter 11 bankruptcy proceedings for the past 16 months. CEO David Preschlack emphasized the importance of this deal, saying, "Entering a new carriage agreement with Comcast, our third largest distributor, is a critical step forward in our restructuring effort, and we are pleased that fans will again be able to access broadcasts of their local teams through Xfinity."

Diamond Sports Group, which owns 15 regional sports networks under the Bally Sports banner, had pulled their channels off the air in early May, leaving many fans without access to local sports. The new deal ensures that Xfinity customers subscribing to the "Ultimate TV" package will once again be able to watch live, local MLB, NBA, and NHL games starting from the beginning of August.

Strategic Markets and Accessible Viewing Options

Comcast has a significant presence in key markets such as Atlanta, Minnesota, Detroit, Kansas City, Tampa Bay, and Miami. The restored access to Bally Sports channels will be a relief to fans eager to watch their favorite local teams. Additionally, the Bally Sports streaming app offers an in-market viewing option for Marlins, Rays, Royals, and Tigers fans, enhancing their viewing experience.

However, fans of the Braves and Twins will need to rely on the broadcast channels for their local game coverage, maintaining a traditional approach amidst the digital revolution in sports broadcasting.

Exclusive Offer for Xfinity Customers

In a strategic move to boost subscriptions, Xfinity customers have until August 30 to upgrade to the "Ultimate TV" package, which includes a free three-month trial period. After the trial, the package will cost an additional $20 per month. This offer presents a valuable opportunity for sports enthusiasts to access a comprehensive range of live games.

Navigating Legal and Business Complexities

While the agreement with Comcast marks a critical accomplishment, Diamond Sports Group's journey is far from over. Preschlack stated, "With certainty on our distribution, we are focused on finalizing an agreement with the NHL and resolving our ongoing negotiations with the NBA." Time is indeed of the essence as basketball and hockey seasons quickly approach, adding pressure to expedite these agreements.

Preschlack continued, "We are mindful that time is of the essence with basketball and hockey seasons fast approaching, and once agreements with our team and league partners are complete, we intend to move expeditiously to present a plan of reorganization to the court." The company currently holds linear rights to 12 Major League Baseball teams, a significant asset that underscores the importance of successful negotiations.

A Path Forward for Diamond Sports Group

With these recent developments, Diamond Sports Group is aiming to stabilize its operations and present a reorganization plan to the court. The new carriage agreement with Comcast not only restores critical viewership for fans but also represents a pivotal step in Diamond Sports Group's broader restructuring efforts.

As the company navigates the complexities of legal and business challenges, the restored access to Bally Sports channels through Comcast signifies a positive shift. For sports fans in key markets, the resolution promises a return to normalcy, allowing them to enjoy their favorite local teams without disruption. With an eye on the upcoming seasons and a focus on strategic agreements, Diamond Sports Group is making concerted efforts to secure its future in the sports broadcasting landscape.