NHL, MLB Digital Media Arm Ink $1.2B Streaming Rights Deal

By Zachary Zagger (August 4, 2015, 8:17 PM EDT) -- The National Hockey League and Major League Baseball's digital media arm have reached a $1.2 billion media rights deal giving MLB Advanced Media LP rights to distribute streaming NHL games and control of the NHL Network in a blockbuster move for the burgeoning distribution platform.

NHL Commissioner Gary Bettman and MLB Commissioner Rob Manfred officially announced the deal Tuesday after rumors of an imminent deal earlier in the week. The deal is valued at approximately $1.2 billion for the NHL over the six-year partnership and brings an equity stake in MLB Advanced Media, an NHL spokesman confirmed Tuesday.

The cross-league deal...

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