ESPN and the NFL have finalized a massive media rights agreement, potentially worth billions, granting ESPN access to key NFL properties like RedZone, NFL Network, and additional games. The deal, years in the making, includes ESPN receiving a significant equity stake in the NFL. This coincides with ESPN's launch of a new $30/month direct-to-consumer streaming service. The agreement is complex and requires regulatory approval, but it signifies a major shift in NFL media distribution and strengthens ESPN's position in the streaming era.

Prepared by Emily Rhodes and reviewed by editorial team.