ESPN acquired most of the NFL's media properties, including NFL Network and RedZone, for an undisclosed sum. In return, the NFL receives a 10% equity stake in ESPN. This deal significantly expands ESPN's live NFL game coverage and adds RedZone to its streaming service. The NFL aims to exit the live TV business, focusing on game rights sales. The long-term effects on programming, journalism independence at ESPN, and the NFL's gambling partnerships remain uncertain, pending owner and regulatory approvals, potentially extending until late 2026.

Prepared by Christopher Adams and reviewed by editorial team.