A month after locking in streaming …

A month after locking in streaming rights for NHL games, Sinclair has closed a similar deal with the NBA that will further bolster its nascent direct-to-consumer service, while also securing $600 million in debt financing. As part of a renewal of its distribution deal with the NBA, Sinclair subsidiary Diamond Sports Group has nailed down the rights to stream live games to subscribers in 16 home markets. The deal further ratifies Sinclair president and CEO Chris Ripley’s recent assertion that the company will have sufficient content deals in hand ahead of the spring rollout of the new DTC platform.