Diamond Sports Group

The agreement will keep broadcasts for 11 NHL teams on the local Bally Sports regional sports networks; after this season the rights revert to the NHL

The multi-year renewal of local television and digital rights agreement ensures that Diamond remains the Kings’ exclusive local media partner

Games will be streamed for free until June 5

U.S. Bankruptcy Judge Christopher Lopez agrees with Diamond Sports that deal violates contract

NBA, WNBA teams were formerly on the Diamond Sports RSN, which filed for bankruptcy in March

Company cited $9 billion in debt spread across its 19 Bally Sports regional sports networks

The move will triggers a 30-day grace period of negotiating with creditors that could lead to a bankruptcy filing by the owner of 19 Bally Sports regional sports networks

A bankruptcy filing by Diamond Sports to restructure $8.6B in debt could put payments to teams at risk according to Bloomberg News

The deal will allow cord cutters to access local sports on Sinclair’s 19 RSNs without having to subscribe to traditional cable or satellite and will expand FuboTVs live sports footprint

Previously, Shapiro served as Sinclair’s senior vice president, chief development officer, and CFO/COO of Diamond Sports Group