What Could the YES Sports Deal Mean for Amazon?
Disney's (NYSE: DIS) blockbuster deal with 21st Century Fox set the stage for big streaming video moves. But before Disney+ could become a reality, Disney had to get regulatory approval for its massive merger, and that ended up requiring certain 21st Century Fox assets to be excluded from the deal. Among those were the Fox Sports regional sports networks (RSNs). And that presented an opportunity for streaming rival Amazon (NASDAQ: AMZN).
The bulk of the Fox RSNs were acquired by Sinclair Broadcast Group (NASDAQ: SBGI), and at a very reasonable price. But YES -- the RSN that airs New York Yankees games, as well as Brooklyn Nets and New York Liberty games -- was different. Sinclair didn't get full ownership of that network, and now Amazon has a foothold in sports streaming. Here's what happened and why it matters.
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Source Fool.com
