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Disney Not Yet In Talks With NFL About Rights Renewal, CFO Hugh Johnston Says, But “Not Dogmatic About The Process”

Deadline·Dade Hayes·26 days ago
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Unlike some other media partners with the NFL , Disney is not yet negotiating with the league for a renewal of its long-term rights deal. CFO Hugh Johnston delivered that update during the media giant’s quarterly earnings call Wednesday. The league, whose games continue to be massively important strategic pillars for media companies and streamers, is planning to exercise its option to opt out of current rights deals before they expire. The NFL is already in discussions with Sunday afternoon partners Paramount and Fox, reportedly with plans to extract an extra $1 billion or more in an offer the networks won’t likely be able to refuse. Disney is not subject to the league’s opt-out until 2031. It is also in a unique position relative to its media and streaming rivals after swinging a deal to acquire the NFL Network, RedZone and other media assets in exchange for a 10% equity stake in ESPN.…

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