Amazon Is Investing in Diamond Sports — Here’s What That Means for Prime Video Users Who Love to Watch Their Favorite Teams

January 18, 2024 E Jazz Reporter

Diamond Sports Group on Wednesday announced that it is entering a restructuring agreement with creditors, including Amazon, to emerge out of debt. The media company, which operates Bally Sports, declared bankruptcy last March after entering into expensive advertising agreements and a consumer shift to cord-cutting.

As part of the agreement, Amazon will invest $115 million in the company, giving its Prime Video users access to Diamond’s sports content, should the deal go through pending court approval.

Diamond oversees 18 networks as a part of Bally Sports,

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