Diamond Sports Group, LLC
Case Number:
9:23-bk-90116
Court:
Nature of Suit:
Firms
Sectors & Industries:
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June 23, 2023
Bally Sports' Parent Wants Out Of Diamondbacks TV Deal
The bankrupt owner of Bally Sports has asked a Texas bankruptcy judge to allow it to ditch what it says is a money-losing contract to broadcast the MLB games of the Arizona Diamondbacks, three weeks after it was ordered to continue payments under the deal.
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June 01, 2023
Bally Sports Must Pay Full TV Fees To MLB Teams In Ch. 11
A Texas federal judge ordered the bankrupt owner of 19 Bally Sports-branded regional sports networks to pay the full contract rate under television broadcast agreements with four MLB teams Thursday, saying fees under the deals represent the actual value of the services being provided to the debtor.
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May 31, 2023
MLB Commish Says Streaming Is Critical In Bally Ch. 11
The commissioner of Major League Baseball testified Wednesday that he wants to retain the right to stream local coverage of the league's games and has been focused on keeping that ability over concerns about the financial viability of the owner of 19 Bally Sports-branded regional sports networks.
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May 24, 2023
MLB Commissioner To Testify In Bally Sports Ch. 11 TV Fight
The commissioner of Major League Baseball is set to offer live testimony next week in a hearing over television broadcast contract obligations by the bankrupt operator of the Bally Sports regional sports networks, which is arguing the deals come at too high a price for the value the company realizes from broadcasting the games.
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May 10, 2023
Suns' TV Deal Broke Bally Sports Ch. 11 Stay, Judge Rules
The Phoenix Suns violated the automatic stay in the Chapter 11 case of regional sports network Bally Sports when it signed a new television broadcast rights deal last month, a Texas bankruptcy judge ruled Wednesday, saying the team needs to honor the backend contractual rights of the debtor.
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May 08, 2023
NBA's Suns Says TV Deal With Bankrupt Bally Sports Expired
The Phoenix Suns objected Friday to a motion by the bankrupt parent company of Bally Sports seeking to bar the team's entry into a new TV rights deal, telling a Texas court the broadcast contract between the parties expired at the end of the Suns' NBA season last month.
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May 03, 2023
Diamond Sports Tries To Stop New TV Deal For Suns, Mercury
Diamond Sports Group on Wednesday filed an adversary action in a Texas bankruptcy court that aims to stop the Phoenix Suns and Phoenix Mercury from moving forward with the new television broadcast contract that they signed last week with an over-the-air pair of Arizona networks.
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April 28, 2023
NBA's Suns Ditch Bankrupt Bally's Network For New TV Deal
The Phoenix Suns basketball team signed a new television broadcast contract Friday with an over-the-air pair of Arizona networks, moving the franchise away from its previous game coverage deal with a Bally's-branded regional sports network owned by bankrupt Diamond Sports Group.
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April 19, 2023
Diamond Sports To Front Half Of MLB TV Money In Ch. 11
A Texas bankruptcy court approved an extension of a cash use order for bankrupt television network owner Diamond Sports Group, but ordered the company to pay half of the money it owes to Major League Baseball teams for broadcast rights up front, with the balance to be determined pending the outcome of a contractual dispute next month.
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April 13, 2023
Diamond Sports, MLB Warm Up For Ch. 11 Contract Fight
A Texas bankruptcy judge set a May 31 hearing to deal with an ongoing battle between bankrupt television sports network owner Diamond Sports Group and Major League Baseball over the debtor's failure to make required contractual payments for three baseball clubs since it filed for Chapter 11.