Warner Bros. Discovery stock tumbles as NBC reportedly preps bid for NBA rights

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Warner Bros.,NBA,NBC

Warner Bros. Discovery could lose its NBA media rights package.

) is working on a bid for an NBA rights deal that could move the league off Warner Bros.'s TNT network., NBC is nearing a deal to pay $2.5 billion a year to air a package of NBA games, more than double the $1.2 billion annual fee Warner Bros. Discovery currently shells out.

Los Angeles Lakers forward LeBron James dunks during the first half of Game 3 of an NBA basketball first-round playoff series against the Denver Nuggets in Los Angeles, Thursday, April 25, 2024.

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