{"id":9206,"date":"2024-10-10T15:55:09","date_gmt":"2024-10-10T15:55:09","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=america&#038;p=9206"},"modified":"2024-10-10T15:55:10","modified_gmt":"2024-10-10T15:55:10","slug":"amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy\/","title":{"rendered":"Amazon does not expect to support Bally Sports&#8217; reorganization attempt after bankruptcy."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Amazon is backing out as a financing partner of Diamond Sports Group. But that move is not expected to either imperil the Bally Sports parent\u2019s attempted reorganization from bankruptcy, or the streaming giant\u2019s status as a potential distribution partner for the regional sports network operator.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.youtube.com\/watch?v=4d0WZjXrn98&amp;t=29s\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/feria24\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The decision arrives about eight months after Amazon had agreed to provide $115 million in bankruptcy exit financing, in turn receiving 15% of the company. The deal was also set to establish Amazon Prime Video as DSG\u2019s \u201cprimary partner\u201d for fans to access the RSNs on a direct-to-consumer basis.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy2.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">But DSG\u2019s need for the funds has perhaps lessened. In addition to restructuring $450 million in debt, the company also settled a prior legal battle with corporate parent Sinclair, Inc. that involved DSG receiving an additional $495 million. DSG in recent weeks has also made major steps toward being able to emerge from bankruptcy, finalizing a new distribution deal with Comcast, the No. 2 cable carrier in the U.S., and completing revised rights deals with both the NBA and NHL.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After reaching those agreements, DSG conveyed a heightened confidence in being able to reorganize. But after a confirmation hearing set for July was postponed, a new date has not yet been set.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Amazon could remain involved as the DTC partner of DSG. As a result, the post-exit financing is not\u2014and wasn\u2019t ever\u2014a singularly determinative factor in DSG\u2019s bid to recover.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, Amazon continues to rack up additional sports rights, most recently landing a national package with the NBA that begins with the 2025\u20132026 season.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon is backing out as a financing partner of Diamond Sports Group. But that move is not expected to either imperil the Bally Sports parent\u2019s attempted reorganization from bankruptcy, or the streaming giant\u2019s status as a potential distribution partner for the regional sports network operator.&nbsp; The decision arrives about eight months after Amazon had agreed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9207,"menu_order":201,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-9206","america","type-america","status-publish","format-standard","has-post-thumbnail","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amazon does not expect to support Bally Sports&#039; reorganization attempt after bankruptcy. - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/america\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon does not expect to support Bally Sports&#039; reorganization attempt after bankruptcy. - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Amazon is backing out as a financing partner of Diamond Sports Group. But that move is not expected to either imperil the Bally Sports parent\u2019s attempted reorganization from bankruptcy, or the streaming giant\u2019s status as a potential distribution partner for the regional sports network operator.&nbsp; The decision arrives about eight months after Amazon had agreed [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mundovideo.com.co\/en\/america\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy\/\" \/>\n<meta property=\"og:site_name\" content=\"Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-10T15:55:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1301\" \/>\n\t<meta property=\"og:image:height\" content=\"724\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy\/\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/america\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy\/\",\"name\":\"Amazon does not expect to support Bally Sports' reorganization attempt after bankruptcy. - Mundo Video Entertainment | Casino News in Latin America and the World\",\"isPartOf\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy.jpg\",\"datePublished\":\"2024-10-10T15:55:09+00:00\",\"dateModified\":\"2024-10-10T15:55:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.mundovideo.com.co\/en\/america\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy\/#primaryimage\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy.jpg\",\"contentUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy.jpg\",\"width\":1301,\"height\":724},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/america\/amazon-does-not-expect-to-support-bally-sports-reorganization-attempt-after-bankruptcy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\/\/www.mundovideo.com.co\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Americas\",\"item\":\"https:\/\/www.mundovideo.com.co\/en\/america\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Amazon does not expect to support Bally Sports&#8217; 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