Finance & Law
MLB: Diamond Sports Group’s ‘time is up’ to make RSN plan
Major League Baseball (MLB) has demanded Diamond Sports Group (DSG), the bankrupt owner and operator of 19 Bally Sports regional sports networks (RSNs), immediately make clear its future plans
Diamond Sports Group takes action to secure full fees from DirecTV
As the National Basketball Association and National Hockey League seasons commence, Diamond Sports Group (DSG), the owner and operator of 19 Bally Sports regional sports networks (RSNs), has filed motions…
Sportradar, Genius hit by US lawsuits over streaming patents
Panda Interactive, a Las Vegas-based sports technology company, has filed two separate complaints against Sportradar and Genius Sports for what it claims is infringement on its foundational interactive streaming technology patents.
Southwind Media ‘explores sale’ of Mediapro majority stake
Southwind Media, the majority shareholder in Mediapro, is reported to be exploring a sale of its stake in the Spain-based sports rights and broadcast production group
Court rejects challenge to MultiChoice’s RWC sublicensing terms
A legal challenge filed by South Africa’s eMedia Investments against the terms of pay-television operator MultiChoice’s Rugby World Cup sublicensing deal has failed after being struck from the roll at …
Dutch telcos cry foul to regulator over proposed Eredivisie-ESPN deal
Four leading Dutch digital cable television and telecoms operators have refused to concede defeat in their battle to acquire media rights to Dutch football’s Eredivisie by taking the issue to the Authority f…
Recast saved by Woodward backed-buyer, will ‘refine’ monetisation
UK-based streaming platform Recast has been taken out of administration after investors purchased its assets, and will now seek to “develop a refined offering” of its monetisation model.
MultiChoice sued over RWC sublicensing, fails to negotiate Cricket World Cup deal
South Africa’s eMedia Investments has filed legal papers with Johannesburg’s High Court over the terms of pay-television broadcaster MultiChoice’s Rugby World Cup sublicensing deal which has precluded the m…
Endeavor loses appeal over Covid-19 ‘commercial property’ insurance coverage
Endeavor has lost an appeal lodged in a Californian court against HDI Global Insurance over “commercial property” losses related to the Covid-19 pandemic.
Liberty Media proposes SiriusXM merger
Liberty Media is looking to combine the Liberty SiriusXM tracking stock group with US radio broadcaster Sirius XM to form a "new, consolidated public company"
Recast to enter administration after investment shortfall
UK-based streaming platform Recast is to enter administration after funding commitments from a major investor were not forthcoming
EXCLUSIVE: DAZN makes over 100 redundancies in further cuts to operating costs
DAZN Group is undertaking another swathe of redundancies primarily affecting staff in the UK and Amsterdam in the latest cuts to operating costs, SportBusiness understands
Viaplay’s lenders appoint adviser to aid debt negotiations
Banks that have loaned money to Viaplay have appointed an external adviser to aid negotiations over the subscription streaming broadcaster’s debt burden, it is claimed.
EXCLUSIVE: AFC has deal in place with special purpose vehicle following FMA termination
The Asian Football Confederation (AFC) has terminated its exclusive eight-year commercial rights contract with Football Marketing Asia and is poised to appoint a new special purpose vehicle likely to comprise…
Genius commences secondary offering of 20m shares
Data, technology and broadcast services group Genius Sports has today (Thursday) announced the commencement of a public offering of 20 million ordinary shares by an affiliate of investment funds advised by Apax Partners, which acquired a majority stake in the company in 2018, at a price of $5.35 (€5.02) a share.
Viaplay sells off more equity in deal with Norwegian media group
Viaplay Group continues to dispose of more equity after Norwegian media group Schibsted secured a 10.1-per-cent shareholding in the financially troubled broadcaster.
Viaplay has already sold a 6
Viaplay share price continues to plummet despite corrective measures
Viaplay’s share price dropped a further 27.5 per cent last week, its biggest decline since early June when chief executive Anders Jensen resigned amid a worsening financial situation at the subscription streaming and linear broadcaster.
Commercial Sports Media launches sports tech investment arm
Commercial Sports Media (CSM) is looking to leverage the fast growth of sports technology companies across the Nordic region with the creation of an investment arm to service the sector