The just-announced deal includes rights to broadcast games from 2014 through 2021 in a contract extension. Fox will pay an average of $525 million a year, with Turner paying about $325 million annually, according to a Bloomberg story.
The deal brings MLB’s total revenue from nationally televised games to $12.4 billion over the next eight years, including an August agreement with ESPN, Commissioner Bud Selig said on a conference call.
According to their statement, Turner’s TBS network and Fox will each have rights to one league championship series in every year and two division series. Fox has rights to more regular-season baseball games, as well as the World Series. Both Turner and Fox will be able to stream games over the Internet live as part of the extended agreement for viewers who already pay for a cable or satellite service.
“This new agreement adds considerable value to our portfolio of offerings,” David Levy, Turner’s president for sports, said in the statement. “We’re pleased to extend our relationship with the MLB brand across multiple screens to create an even richer baseball experience for our viewers, advertisers and distribution partners.”