Friday, January 7, 2011

ESPN, NFL close to $2billion annual rights deal.

Sports media company ESPN and the National Football League are close to finalising a new media rights deal worth nearly $2 billion per year, Street & Smith's Sports Business Daily reported on Thursday.

ESPN, a unit of Walt Disney Co, has told the US sports league it will increase its annual rights fee 40%, meaning it will pay the NFL a record fee of between $1.8 billion and $1.9 billion, the industry trade publication said, citing multiple anonymous sources.

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