CBS Sports Expands Partnership with WNBA
CBS Sports and the WNBA have expanded their seven-year partnership through a new long-term, multiplatform rights agreement. Under the enhanced package, CBS Sports will feature up to 20 regular-season games annually on the CBS Television Network and streaming live on Paramount+. CBS Sports will present 20 regular-season games for the upcoming 2026 season, marking the Network's most ever WNBA games on broadcast television. "The WNBA's growth and cultural impact have never been stronger, and CBS Sports is proud to deepen our longstanding partnership with a league that continues to drive the evolution of women's sports," said Dan Weinberg, Executive Vice President, Programming, CBS Sports. "With our entire schedule of games on broadcast television, we are broadening the league's reach and amplifying the WNBA's momentum with best-in-class coverage that reflects the excellence of its athletes and resonates with fans."
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- Creator Studio Launch: BET has announced the launch of the BET Creator Studio, aimed at supporting culture-forward creators by amplifying their content with the power of the BET brand, marking a strategic expansion into the digital content space.
- Flagship Show Debut: Featuring 'The Jason Lee Show' as the flagship series, set to premiere on April 8 with weekly episodes, the show combines Lee's daily life with celebrity interviews, aiming to reveal untold stories that shape today's public narratives and enhance audience engagement.
- Infrastructure Support: The BET Creator Studio provides infrastructure and resources for Black creators, aiming to drive the future of Black storytelling through various formats, including podcasts, digital series, and social media campaigns, thereby enhancing cultural influence.
- Culture-Driven Strategy: Orchid Richardson, BET's SVP, stated that Black creators have always driven culture, and the Creator Studio will provide them with the infrastructure to own their narratives, further solidifying BET's leadership in multicultural communication.
- Stake Sale Details: Las Vegas Raiders' controlling owner Mark Davis has sold a 7% stake to Egon Durban of Silver Lake and Michael Meldman of Discovery Land Co. at an $11.1 billion valuation, with buyers paying a 10% 'flip tax' to the NFL, generating additional revenue for the league.
- Team Valuation Growth: The Raiders were valued at $9.3 billion in 2025, ranking fourth among the NFL's 32 teams, and with ongoing negotiations for media rights, the team's valuation is expected to rise further, reflecting strong market demand for the NFL brand.
- Draft Prospects: The Raiders hold the first pick in the 2026 NFL Draft, expected to select Heisman Trophy winner Fernando Mendoza, who led Indiana University to a national championship with a perfect 16-0 record, setting a solid foundation for the team's future performance.
- Investor Rights: The deal includes a right of first refusal for Durban should Davis decide to sell his controlling stake, indicating confidence in the Raiders' future growth and potential investment returns.
- Record Box Office: Amazon MGM's 'Project Hail Mary' has grossed over $300 million globally since its release two weeks ago, marking the best performance for the company and indicating a successful transformation in the film market.
- Domestic Box Office Milestone: The film has achieved approximately $165 million in the U.S., making it Amazon MGM's first domestic box office earner over $100 million, significantly enhancing the company's position in a competitive film landscape.
- Strong Box Office Stability: The film experienced only a 32% drop in ticket sales from its first to second weekend domestically, and a mere 5% decline internationally, well below the typical 50% to 70% drop for Hollywood blockbusters, reflecting strong audience approval and sustained interest.
- Future Film Plans: Amazon plans to invest around $1 billion annually in theatrical releases, aiming to produce 12 to 15 films each year, with upcoming diverse offerings like the comedy 'The Sheep Detectives' and the psychological thriller 'Verity', further solidifying its market presence.
- Record Box Office: Amazon MGM's sci-fi film 'Project Hail Mary' has surpassed $300 million globally, making it the studio's highest-grossing film ever, marking a significant transformation in its market presence.
- Strong Performance: The film experienced only a 32% drop in ticket sales from its first to second weekend in the U.S., with an unprecedented 5% decline internationally, showcasing robust audience support and the potential for market revitalization.
- Industry Revitalization: The success of 'Project Hail Mary' not only marks Amazon MGM's first domestic film to exceed $100 million but also significantly contributes to a 23% year-over-year increase in domestic box office numbers for Q1 2023.
- Future Outlook: Amazon plans to invest around $1 billion annually in film production, aiming to release multiple new titles, which will help fill market gaps and drive industry growth, especially amid Hollywood's mergers and reduced output.
- Acquisition Proposal Accepted: Warner Bros formally accepted Paramount's acquisition offer on February 27, yet both companies' stocks have declined since, with WBD shares down nearly 4% to around $27, failing to approach Paramount's $31 offer, indicating a lack of market confidence in the deal.
- Bearish Market Sentiment: Retail sentiment readings on Stocktwits for WBD and Paramount indicate a 'bearish' outlook, reflecting investor caution regarding the deal's prospects, particularly as WBD's stock continues to weaken, suggesting increased risk pricing around the acquisition.
- Arbitrage Opportunity Raises Concerns: Noted investor Michael Burry expressed skepticism about Paramount's acquisition during an AMA on his Substack, stating that if Netflix were the buyer, the arbitrage spread would not be so wide, prompting further market discussions about the viability of the acquisition.
- Financing and Debt Pressure: Paramount committed to a total acquisition price of $111 billion and is in talks to raise up to $57.5 billion from Bank of America Merrill Lynch, Citi, and Apollo, alongside a $2.8 billion breakup fee to Netflix, highlighting significant financial pressure during the acquisition process.
- Creator Studio Launch: BET has announced the launch of the BET Creator Studio, aimed at supporting culture-forward creators by amplifying their content with the power of the BET brand, marking a strategic expansion into the digital content space.
- Show Highlight: The flagship series, THE JASON LEE SHOW, is set to premiere on April 8, combining Jason Lee's daily life with celebrity interviews, showcasing untold stories that shape today's public narratives, and is expected to attract a large audience.
- Infrastructure Support: The BET Creator Studio provides Black creators with the infrastructure, resources, and distribution power needed to meet audience demands through various formats, including podcasts, digital series, and short-form content, shaping the future of Black storytelling.
- Cultural Impact: Orchid Richardson, BET's SVP, stated that Black creators have always driven culture, and the Creator Studio will provide them with the infrastructure to own their narratives, further enhancing their influence in the media industry.









