NHL and Rogers announce a 12-year Canadian media rights deal through the 2037-38 season

TORONTO (AP) — The NHL and Rogers Communications announced a new 12-year national media rights deal Wednesday to air games on multiple platforms in Canada.The agreement, which was first reported Monday, is valued at $11 billion Canadian dollars, or roughly $7.7 billion. The new deal runs through the 2037-38 season.In Canadian dollars, it is worth more than double the previous contract signed in November 2013 that cost Rogers $5.2 billion in the local currency. Rogers CEO Tony Staffieri said the company is proud to continue its partnership with the NHL.“Hockey is Canada’s game and we’re proud to be the home of hockey,” Staffieri said in a statement. “Sports are core to our company, and these rights are the most valuable sports rights in Canada.”This is the league’s latest source of revenue after contracting with ESPN and Turner Sports in 2021 for the current U.S. TV and streaming rights deal for $4.5 billion over seven years combined.NHL Commissioner Gary Bettman said the league and Rogers have a shared commitment to best serving Canadian fans and the unmatched passion that they have for the game.“For more than a decade, Rogers has done an incredible job of conveying what NHL hockey, our players, and our teams mean to hockey fans and their communities from coast to coast to coast,” Bettman said.The deal includes national rights across all platforms, including TV, digital and streaming, for all national regular-season games, in all languages, as well as out-of-market rights for all regional games.It also includes national rights to all playoff games, the Stanley Cup Final and all special events and tentpole events, in all languages.The agreement allows for strategic sub-licensing for a subset of the rights, including national French-language and a single-night exclusive national package.___AP NHL: https://apnews.com/hub/NHLShould You Invest $1,000 in Rogers Right Now?Before you consider Rogers, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rogers wasn't on the list.While Rogers currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here