Cincinnati Reds Partner with FanDuel for Game Broadcasts After Diamond Sports Bankruptcy

January 14, 2025
Cincinnati Reds Partner with FanDuel for Game Broadcasts After Diamond Sports Bankruptcy
  • This announcement comes shortly after Diamond Sports Group emerged from Chapter 11 bankruptcy on January 2, 2025, rebranding itself as Main Street Sports Group.

  • Main Street Sports Group will hold broadcasting rights for nine MLB teams in the upcoming season, while Major League Baseball will distribute games for five teams.

  • Initially, the Reds intended for their games to be produced and distributed by Major League Baseball, but opted for a different approach.

  • The Reds previously owned a 20% stake in what is now FanDuel Sports Network Ohio, which was bought back by Diamond for $1.

  • With this agreement, the Reds become the second MLB team to return to the regional sports network model, following the Milwaukee Brewers' announcement of a similar deal on December 31, 2024.

  • Doug Healy, the Reds' COO and CFO, highlighted that this decision ensures continuity for fans to watch games as they have in previous seasons.

  • This move follows the termination of a joint venture with Diamond Sports Group, which was undergoing bankruptcy proceedings.

  • Fans who subscribe directly to FanDuel Sports Network will also have access to the Reds' games.

  • Additionally, fans within the Reds' TV territory will be able to stream games and other programming through the FanDuel Sports Network app.

  • The Cincinnati Reds have reached an agreement to broadcast their games on FanDuel Sports Network Ohio for the upcoming season.

Summary based on 1 source


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