So now the NFL has a fiduciary interest in ESPN--while ESPN own NFL network and Red Zone.
www.nbcnews.com
The league and ESPN officially announced the closing of the deal Saturday night after the Justice Department and other non-U.S. antitrust authorities completed their reviews.
ESPN acquired NFL Network, NFL Fantasy and the rights to distribute the RedZone channel to cable and satellite operators, and the league will get a 10% equity stake in ESPN.
"With the closing, we will begin integrating NFL employees into ESPN in the months ahead," ESPN and the NFL said in a joint statement. "As we look to the future, NFL fans can look forward to expanded NFL programming, greater access to NFL Network, innovative Fantasy experiences and unparalleled coverage of America's most popular sport."
The approval by government regulators was first reported by The Athletic.
Viewers are not expected to notice changes on NFL Network until April, when those employed by NFL Media become part of ESPN.
NFL Network — which has nearly 50 million subscribers — will be included in ESPN's direct-to-consumer product, which launched last August, shortly after the deal was first announced.
The NFL RedZone channel will be distributed by ESPN to cable and satellite operators. However, the NFL will continue to own, operate and produce the channel as well as retain the rights to distribute the channel digitally. ESPN would also get rights to the RedZone brand, meaning RedZone channels for college football and basketball or other sports could be coming in the future.
ESPN closes deal for NFL Network and rights for RedZone, giving the NFL a stake in the network
ESPN acquired NFL Network, NFL Fantasy and the rights to distribute the RedZone channel to cable and satellite operators, and the league will get a 10% equity stake in ESPN.
www.nbcnews.com
The league and ESPN officially announced the closing of the deal Saturday night after the Justice Department and other non-U.S. antitrust authorities completed their reviews.
ESPN acquired NFL Network, NFL Fantasy and the rights to distribute the RedZone channel to cable and satellite operators, and the league will get a 10% equity stake in ESPN.
"With the closing, we will begin integrating NFL employees into ESPN in the months ahead," ESPN and the NFL said in a joint statement. "As we look to the future, NFL fans can look forward to expanded NFL programming, greater access to NFL Network, innovative Fantasy experiences and unparalleled coverage of America's most popular sport."
The approval by government regulators was first reported by The Athletic.
Viewers are not expected to notice changes on NFL Network until April, when those employed by NFL Media become part of ESPN.
NFL Network — which has nearly 50 million subscribers — will be included in ESPN's direct-to-consumer product, which launched last August, shortly after the deal was first announced.
The NFL RedZone channel will be distributed by ESPN to cable and satellite operators. However, the NFL will continue to own, operate and produce the channel as well as retain the rights to distribute the channel digitally. ESPN would also get rights to the RedZone brand, meaning RedZone channels for college football and basketball or other sports could be coming in the future.
