Multiple Sports
Hearn: Matchroom equity sale still likely
Matchroom chairman Eddie Hearn believes a deal to sell a minority stake in the company will “probably happen” despite a proposed deal with CVC Capital Partners falling through earlier this year.In
EXCLUSIVE: Allianz the front runner to end London Stadium naming deal search
German insurance and financial services giant Allianz is in pole position to end the long-running search for a naming sponsor for the London Stadium, the main venue for the London 2012 Olympics and the current home of Premier League side West Ham United.
MultiChoice half-year earnings drop five per cent despite three World Cups
Pan-African media group MultiChoice, owner of pay-television broadcasters SuperSport and DStv, posted core headline earnings of R1.8bn (€91m/$98.6m) for the six-month period ending September 30, which included three World Cups across football, netball and rugby union.
Chinese sports body, Singapore development firm launch sports IP push ‘with nine-figure fund’
The China National Sports Group (CNSG) has announced an agreement with Singapore-based investment firm White Group to “acquire the intellectual property of leading international sports events” and inv…
CAA Evolution forms new player in sports investment marketplace
Evolution Media Capital, the merchant banking arm of CAA, has joined forces with strategic advisory firm M. Klein & Company to launch a new entity which they claim will significantly step up their presence in the sports and entertainment investment space.
Betting business drives Genius’ Q3 revenue jump but net loss hits $11.6m
A 34-per-cent jump in revenue in its core betting business helped Genius Sports report increased third-quarter revenue of $101.7m (€95.2m) but foreign currency headwinds contributed to an $11.6
Video clipping firm Tellyo finds new buyer
Video production and live clipping company Tellyo is to be bought by Amagi, a cloud-based broadcast technology firm
FanDuel parent Flutter plans New York listing
Flutter Entertainment, the parent company of sports betting company FanDuel, is planning to list in the United States in early 2024 on the New York Stock Exchange
Zaslav warns of ‘generational disruption’ as WBD reports $417m net loss
Warner Bros. Discovery has reported third-quarter net losses of $417m (€390m) after a decline in advertising revenue, a drop in streaming subscribers, and what president and chief executive David Zaslav called a “generational disruption” as the company’s stock tumbled by 19 per cent.
ESPN has strong quarter as D2C shift and strategic partner loom
Disney is still searching for a strategic partner for ESPN and is fully set on taking the sports property entirely direct-to-consumer as it posted an operating income increase of 16 per cent to $987m (€922m) i…
Endeavor posts Q3 revenue rise, talks up betting operations for 2024
Sports and entertainment conglomerate Endeavor has positioned OpenBet and its wider betting operations as key revenue drivers for the group in 2024, but insists IMG Arena will remain "number three" in…
Legends acquires ASM Global in major live events space consolidation
Sports and entertainment company Legends has acquired US venue management company ASM Global as it looks to become the dominant player in the live events management and hospitality space
Sportradar hired as tech provider to Caribbean betting operator
Sports data and betting services company Sportradar has been hired by Caribbean and Latin American betting operator Caribbean Cage as its official technology and services provider in the Caribbean and…
DraftKings Q3 revenue up 57 per cent, net loss shrinks
DraftKings has announced a 57-per-cent jump in revenue in the third quarter to $790m (€744m).
Paramount+ not actively looking at more sports rights as subscriptions reach 63m
Paramount Global's streaming service Paramount+ netted 2.7 million subscribers in the quarter to bring the total to 63 million as the direct-to-consumer service's revenue increased 38 per cent year-over-year
Workforce cut by 10 per cent as Sportradar enacts cost-cutting measures
Sports data and betting services company Sportradar is cutting its global workforce by 10 per cent amid a downturn in third-quarter profits
IMG brings in Moffitt from BBC to grow studios business
IMG has strengthened its fast-growing studios business with the appointment today (Wednesday) of Ian Moffitt to the newly created role of senior vice-president of business development
TNT Sports to show NBA, NHL, US Soccer games at Cosm’s immersive venues
Technology and entertainment company Cosm and pay-TV broadcaster TNT Sports have announced a multi-year deal for Cosm to produce and present live sporting events from TNT in immersive 8K+ at its planned…