ESPN And NCAA Reach $920 Million, 8 Year Media Rights Agreement

ESPN and the NCAA announced Thursday that they have reached a $920 million, eight-year agreement beginning Sept. 1, 2024, for NCAA championships media rights.

The deal includes domestic rights to a record 40 NCAA championships, 21 women’s and 19 men’s events, including the Division I men’s basketball tournament.

"ESPN and the NCAA have enjoyed a strong and collaborative relationship for more than four decades, and we are thrilled that it will continue as part of this new, long-term agreement," said ESPN Chairman Jimmy Pitaro.

"The ESPN networks and platforms will exclusively present a record number of championships, including all rounds of several marquee events that, together with the NCAA, we have grown over time. This unprecedented deal also further strengthens The Walt Disney Company's industry-leading commitment to women's sports and will help fuel our continued growth, including in the critical streaming space."

Walt Disney Company DIS, parent-company of ESPN, is trading slightly lower Thursday and is one of the top trending tickers on WallStreetBets, according to SwaggyStocks.

The Walt Disney Company will announce its first-quarter financial results after the market close on Feb. 7 and will host an audio webcast to discuss the results at 4:30 p.m. ET the same day. According to estimates from Benzinga Pro, the company is expected to report earnings of $1.04 per share and quarterly revenue of $23.84 billion.

Related News: What's Going On With PayPal Holdings Stock?

DIS Price Action: According to Benzinga Pro, Walt Disney shares are down 1.2% at $90.56  at the time of publication.

Image: Courtesy of ESPN