Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (the "Company" or "Sinclair") and the Chicago Cubs ("the Cubs") today announced the formation of a joint venture that will own and operate Marquee Sports Network ("Marquee"), a regional sports network ("RSN") based in Chicago, Illinois. Marquee will be the Chicago-region's exclusive network for fans to view live Cubs games beginning with the 2020 Major League Baseball season and will also feature exclusive Cubs content and other local sports programming. In addition to the execution of the joint venture agreement, the Cubs simultaneously entered into a long-term rights agreement with Marquee.
"This partnership brings together one of the most iconic sports franchises in the country with one of the largest television broadcasting companies," commented Chris Ripley, President and CEO of Sinclair. "It is hard to imagine any content that is more unique and valuable than the live sports entertainment the Cubs have been delivering to their fans for more than a century. Sinclair's strength in production, distribution and local sales will support bringing more content to more viewers, all while leveraging the latest technology."
"Providing an enhanced experience for our fans is at the heart of everything we do. We are excited to better serve our fans with expanded and exclusive programming showcasing our remarkable players, beloved ballpark and storied past," said Crane Kenney, President of Business Operations for the Cubs. "Our dedicated 'Cubs-centric' network will carry all available Cubs games and feature uncompromising, in-depth and behind-the-scenes coverage."
SOURCE: Sinclair Broadcasting