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Walt Disney Co.’s DIS, + 0.28% ESPN and the National Hockey League announced that they have signed a seven-year contract that will bring the Stanley Cup Finals to Disney’s ABC network and hundreds of local TV games on ESPN + -Streaming will make service available.
ESPN is paying around $ 2.8 billion for the pay-TV and streaming rights over the course of the deal, according to people familiar with the matter. An ESPN spokeswoman declined to comment on financial terms. “We believe the deal reflects the quality and volume of the content we have purchased,” she said.
The pact, which begins at the beginning of the 2021-22 season, broadcasts dozen of national regular-time games exclusively on ESPN’s traditional television networks and the ABC broadcast network, and gives ESPN + and Hulu exclusive rights to stream 75 national regular-time games said the companies.
Talks between the NHL and ESPN were reported on Tuesday by the Wall Street Journal and others.
The companies said the deal gives ESPN the right to stream 1,000 local TV games on ESPN + for people who live in different media markets. The offering, which was previously available on the NHL.TV streaming service, is being discontinued, said a person familiar with the matter.
An expanded version of this report is posted on WSJ.com.
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