The company that owns the Pacers' regional television broadcast partner has put together a plan to emerge from bankruptcy that includes a partnership with Amazon.

Diamond Sports Group, the parent company of Bally Sports and one of the biggest regional sports networks, announced a bankruptcy reorganization plan on Wednesday morning that includes a commitment from Amazon to make a minority investment in the company. According to a release, the terms of the investment include an arrangement for Prime Video to become Diamond's primary partner for direct-to-consumer access to stream local Diamond channels. That's significant news for Pacers fans, who have frequently raised complaints about the quality of streaming with the Bally streaming application. Diamond will also maintain its partnerships with its existing television distribution partners.

What it will cost to watch Pacers game and when they would be available through Prime was not immediately available.

An e-mail seeking comment from the Pacers on the reorganization plan Wednesday was not immediately returned.

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Diamond still owns and operates 18 Bally networks nationwide which hold the rights for 42 teams in the NBA, Major League Baseball and the NHL. It also has a joint venture in Marquee, the home for Chicago Cubs games, and a minority investment in the YES Network, which broadcasts New York Yankees and Brooklyn Nets game.

In addition to the partnership with Amazon, Diamond also announced it has an agreement with its parent company, Sinclair, to settle the pending litigation between the companies. Diamond sued Sinclair in July, alleging Sinclair had fraudulently withdrawn as much as $1.5 billion from Diamond. Sinclair formed Diamond in 2019 after acquiring 21 Fox regional sports networks in a $10.6 billion deal with Disney. Disney had to sell those networks to get regulatory approval after purchasing 21st Century Fox's film and TV assets.

Under the settlement, Sinclair will pay Diamond $495 million in cash and provide "ongoing management and transition services to support Diamond’s reorganization and separation from Sinclair’s operations." Under the proceeds from the Sinclair settlement will be used to support the reorganization plan and fund distributions to certain creditors.

According to a release from Diamond, the restructuring support agreement has approval of "85% of its first lien debt holders, over 50% of the Company’s second lien debt holders, and over 66% of unsecured bond holders, which provides a framework for a reorganization plan that would enable Diamond to emerge from bankruptcy as a going concern and continue its operations."

This article originally appeared on Indianapolis Star: Pacers broadcast partner announces partnership with Amazon