NBC Sports Washington network selling to owner of Wizards, Capitals
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Comcast (NASDAQ:CMCSA) has a deal to sell the rest of its NBC Sports Washington regional sports network to Monumental Sports & Entertainment - owner of five Washington teams including the NBA's Wizards and NHL's Capitals.
Monumental currently holds 33% of NBC Sports Washington that it acquired in 2016; it's now set to take over NBCUniversal's 67% holding for full ownership.
The network (launched as Home Team sports in 1984) has exclusive rights to Washington Wizards and Washington Capitals games. Monumental also owns the Capital City Go-Go (in the NBA G League), the Washington Mystics (of the WNBA), and esports' Wizards District Gaming (of the NBA 2K League).
NBCUniversal will continue assisting in the operation of the network by offering services for up to 18 months.