ESPN and the NFL have agreed to acquire NFL Network and other media assets owned by the NFL in exchange for a 10% equity stake in ESPN. The deal will allow the NFL to license content and intellectual property to ESPN for use by NFL Network and other assets. ESPN’s Chief Executive Officer, Bob Iger, praised the deal as it will enhance consumer choice and provide viewers with greater convenience and quality of ESPN’s coverage of the NFL. The deal comes as ESPN prepares to launch a direct-to-consumer streaming service later this year, capitalizing on the NFL’s popularity. The league has long awarded lucrative media rights agreements with major media companies like Comcast, Disney, and Fox, but has also partnered with tech companies like Netflix and Amazon to broadcast games.
ESPN has signed a deal with the NFL to acquire the NFL Network and Red Zone Channel. Sac 925
