Fox Signs $5 Billion Extension With MLB
- Deal keeps World Series, All-Star Game on Fox for next decade
- Sports will be focus of new Fox after asset sale to Disney
An Arizona Fall League All Star Game at Surprise Stadium on Nov. 3.
Photographer: Christian Petersen/Getty Images
Major League Baseball and Fox Sports have have signed a multiyear extension to their broadcast contract, keeping marquee properties like the World Series and All-Star Game with the company after its parent completes the $71 billion sale of assets to Walt Disney Co.
Fox agreed to pay at least $5 billion over the seven-year extension, representing a 36 percent annual average increase over the existing contract, according to people familiar with the deal. Neither the league nor network disclosed financial terms in announcing the pact Thursday. Fox currently pays about $525 million a year.