HBO says it will no longer offer a subscription service to the NBA, a move that is expected to lead to a loss of more than 50% of its subscribers, Bloomberg reports.
That would mean that the sports network will be unable to carry games on the NFL Network, ESPN2 and Fox Sports 1, which are the only networks HBO offers.
HBO’s move comes as the company’s revenue from sports continues to drop.
The company reported in March that revenue from cable-television channels in the U.S. had fallen for five straight quarters.
The drop in subscription revenue has left the company scrambling to cut costs.
HBO is currently offering a $25 per month HBO Plus package for some sports, and it is also offering a subscription package for NBA TV that includes NBA games.
HBO did not immediately respond to Ars’ request for comment.
The NBA’s announcement is significant for several reasons.
HBO has long been a major supporter of the league, and the NBA is one of the largest sports leagues in the world.
The streaming service also has an NBA app that can stream games to devices like Apple TV, Roku or Amazon Fire TV.
The move could make HBO the only network that can carry NBA games on its network.
HBO will no more offer NBA games, but it will be available through a new HBO Sports app that will launch in late 2016.
HBO also has been experimenting with other sports-only options, like a $10-per-month package for live sports coverage and a $15-per–month plan that includes NFL games.
“We’ve always said that if we could help the game and make it easier for people to watch, we’d be more than happy to do that,” HBO CEO Richard Plepler said in a conference call with analysts in January.
We’re going to try to take a different approach.” “
This is a pretty significant shift, and this is a big shift for the NBA and the league.
We’re going to try to take a different approach.”
The NBA and HBO are not the only sports networks in a state of upheaval.
ESPN, Fox Sports and NBCUniversal are all going to be looking to stream their games in some way or another.
As more sports networks try to make their live sports content available for free, HBO’s new deal could have the potential to impact some of the other major sports networks as well.
HBO and the NFL have had a history of sharing content on the network, as both the league and the network have supported each other in the past.
ESPN has been a fan of HBO for years, having been the network that helped launch the subscription service and HBO to begin with.
In 2013, ESPN and HBO teamed up to create a streaming service called ESPN+ that offered live football games, basketball and soccer games, and other content for the network.
That service was a huge success, and in 2014, HBO and ESPN agreed to a partnership to launch a new sports network called NFL Now.
But the agreement came with some strings attached.
As Ars reported last week, the network is required to license the rights to NFL games to the NFL for a minimum of $20 million annually.
The network was unable to reach that deal, and HBO ultimately had to pay up to $20.6 million in licensing fees to the league to get the deal done.
That deal also included a requirement for HBO to keep the rights and make the rights available for a limited time.
The NFL has a history with other networks, and while HBO’s partnership with ESPN has some precedent, the NFL is one network that has been in the league’s crosshairs over the years.
In 2015, ESPN sued the NFL, accusing the network of making false statements about its sports coverage.
The lawsuit also accused the NFL of violating antitrust laws by not paying its players a fair share of the revenue that comes from their games.
That lawsuit was ultimately thrown out by the Supreme Court in 2018, but the NFL sued back again in 2018 to try and win a similar decision, saying that the court ruling had left the league with “no choice but to abandon the NFL’s rights to broadcast NFL games on HBO.”
In July 2018, the court denied the NFL request for a new trial.
The league ultimately lost that case in 2019.
HBO hasn’t said when it plans to cut ties with ESPN, but that has not stopped the NFL from trying to make ESPN pay for its content.
Last year, ESPN filed a lawsuit against HBO and NFL for $4 billion.
The case is ongoing.
HBO, for its part, is still looking for ways to keep its content free of charge.
HBO told investors that it plans “to continue to invest in HBO content and other sports content.”
In February, the company said that it will continue to provide “significant content” to the ESPN+ streaming service.
The only major sports network HBO currently offers in the streaming service is ESPN, which has been airing sports content in the company for years.
HBO says that