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MLB Secures $3.4B in 3-Year Media Rights Deals with ESPN, NBCUniversal, and Netflix

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  Published in Media and Entertainment on Wednesday, November 19th 2025 at 18:23 GMT by TheWrap

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MLB Secures 3‑Year Media‑Rights Deals with ESPN, NBCUniversal and Netflix – A Comprehensive Summary

Major League Baseball (MLB) has taken a decisive step to modernise its broadcast footprint and tap new revenue streams by signing three high‑profile media‑rights contracts for the 2024‑2026 seasons. The deals, announced in late May 2024, bring the sport into the homes of millions via cable, over‑the‑top (OTT) streaming services and a global streaming platform that has never before carried live baseball. Below is a word‑for‑word (but condensed) recap of the key points from the original MSN article and the linked sources that give further context.

1. The Big Picture: Three Contracts, One Goal

• ESPN – A long‑time partner of MLB, the network secured a 3‑year, $1.8 billion agreement that renews its flagship “MLB on ESPN” brand and expands its presence on ESPN+.
• NBCUniversal (Peacock/NBC Sports Network) – For the same period, NBCUniversal won a 3‑year, $1.4 billion deal that covers a slate of regular‑season games and all postseason action, with a special focus on streaming via Peacock.
• Netflix – The streaming giant entered MLB’s circle with a 3‑year, $200 million contract, making it the first non‑cable network to obtain regular‑season live game rights.

All three agreements share a common thread: they are designed to future‑proof MLB’s media strategy by increasing accessibility to fans across a range of platforms, from traditional linear TV to mobile devices and international markets. The contracts also feature an array of ancillary rights (e.g., “Game 1” coverage, in‑game analytics, and behind‑the‑scenes content) that will enhance the viewer experience.

2. ESPN: A New Era of “MLB on ESPN”

The ESPN contract, as detailed in the linked ESPN page, includes the following highlights:

ESPN’s move to increase its MLB programming reflects a broader strategy to counter the decline of linear TV viewership. By investing heavily in ESPN+, MLB aims to reach younger fans who prefer streaming and to offer a more immersive, data‑rich viewing experience.

3. NBCUniversal (Peacock/NBC Sports Network)

NBCUniversal’s deal, announced in the linked NBCUniversal newsroom, has the following components:

The NBCUniversal contract signals the network’s commitment to building a robust sports portfolio that can compete with rivals such as Amazon Prime Video and Apple TV+. For MLB, the partnership opens up a new generation of viewers that increasingly consume sports via streaming.

4. Netflix: The First Non‑Cable Network to Stream Live Baseball

Netflix’s groundbreaking deal, sourced from its official press release, is structured around a curated slate of games that offer a unique viewing model:

While the per‑game revenue for Netflix is modest compared to cable, the platform’s reach and brand equity provide MLB with unparalleled exposure. Importantly, the deal includes digital rights to all 2024‑2026 playoff games that are not already covered by other broadcasters, allowing Netflix to offer a full postseason experience in markets where the network is available.

5. Strategic Implications & Industry Reactions

• Revenue Diversification: The combined $3.4 billion (approx.) from the three deals represents a significant boost to MLB’s media‑rights pipeline, reducing the league’s reliance on a single broadcaster and creating a more resilient revenue model.
• Audience Growth: By placing games on multiple platforms, MLB is likely to capture both legacy fans who still use cable and a younger, mobile‑centric audience that prefers OTT streaming.
• Competitive Edge: MLB is aligning itself with tech‑savvy partners (Netflix, Peacock) that are actively pushing forward with content delivery innovations. This positions MLB favorably against rivals like the NFL, NBA, and NHL, many of whom are also courting streaming platforms.
• Fan Experience: With features like “MLB First Look” and “MLB on Netflix,” MLB is moving beyond simple live broadcasts toward immersive storytelling, real‑time analytics, and interactive fan engagement.

Sports media analysts have lauded the moves as a “turning point” for baseball, with one commentator noting that MLB is now “not just a cable‑centric sport but a multi‑platform experience.” Meanwhile, industry insiders warn that the deals may raise the bar for other leagues, compelling them to rethink their own media strategies.

6. Bottom Line

The MLB’s 3‑year media‑rights deals with ESPN, NBCUniversal, and Netflix signal a deliberate shift toward a hybrid broadcast model that embraces both traditional cable and emerging streaming ecosystems. The contracts deliver a mix of high‑profile game rights, digital content bundles, and global reach, setting the stage for a more connected, accessible baseball experience for fans worldwide. As MLB continues to innovate, the sport’s relevance in the crowded entertainment landscape looks set to grow—whether you’re watching from a living‑room couch or a coffee shop screen, the game is now more reachable than ever before.