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CBS Signs New 10-Year Deal To Carry The Grammy Awards Through 2021

By NELLIE ANDREEVA | Tuesday June 21, 2011 @ 8:03am PDTTags: CBS, Grammy Awards, TV Contracts
Nellie Andreeva

The Grammy Awards are staying put at CBS for another 10 years. The network, which has carried the music industry’s top awards show since 1973, has signed a new 10-year deal with the Recording Academy to be the Grammy’s TV home through 2021. With the pact, which includes a series of two-hour Grammy specials, all major awards shows are locked in for the better part of the next decade at their long-time networks. Earlier this year, ABC signed a six-year extension to carry the Oscars through 2020, and the Big 4 broadcast networks just closed a new eight-year deal for the Primetime Emmy Awards. Last fall, NBC moved in to secure the Golden Globe Awards through 2018, signing a new eight-year deal with Dick Clark Prods., but that deal is now the subject of litigation between DCP and the Hollywood Foreign Press Assn. Of the smaller awards shows, the Tony Awards will air on CBS at least through 2013 with a new three-year deal signed last fall, while the future of Daytime Emmy Awards is murky as the show has been airing via one-off TV deals for the past three years. In the Grammy announcement, CBS also set the date for next year’s awards — Feb. 12. Here is the official release: READ MORE »

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Sorry Sports Fans And TV Networks, NBA Is Right On NFL’s Heels With Labor Unrest

By PATRICK HIPES, Managing Editor | Friday April 15, 2011 @ 4:57pm PDTTags: ABC, David Stern, ESPN, NBA, TNT, TV Contracts

NBA commissioner David Stern was hit with questions today about the league’s upcoming negotiations with players on a new collective bargaining agreement. The bottom line: It doesn’t look good. If this all sounds familiar, it’s because the NFL’s labor talks ended last month with the owners locking out the players and the players suing the league. (The two sides in the NFL dispute finished their second day of court-mandated mediation in Minneapolis today as a judge decides whether to grant the players’ injunction request to halt the lockout.)

By all accounts, an NBA labor standoff could make the NFL’s look like backyard touch football. Whereas the NFL’s main sticking point is how to divide $9 billion in revenue, Stern has said the NBA has been losing more than $300 million a season and offered up today during a press conference that this year’s losses could reach that figure again. (Currently, players receive 57% of the league’s gross revenue, which Stern says is unsustainable going forward.) This shortfall is despite lucrative TV broadcast contracts with ESPN/ABC and TNT that go through the 2015-16 season and pay the league more than $900 million a year. Last year’s NBA Finals and this year’s All-Star Game saw big ratings gains, and more of the same is expected for this year’s playoffs, which begin this weekend. Read More »

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