Finance & Law
Paramount+ quarterly revenue up 40 per cent
Paramount's revenue decreased two per cent year-over-year to $7.62bn (€6.93bn) in the second quarter as advertising revenue in the television segment declined 10 per cent but direct-to-consumer streaming revenue rose sharply.
Genius Q2 revenue rise driven by betting, media uplifts
Data, technology and broadcast services group Genius Sports has posted a year-on-year quarterly revenue increase of 22 per cent, boosted by strong revenue uplifts in its betting and media divisions
Sports content to join WBD’s Max ‘soon’, D2C subscriber total falls
Warner Bros. Discovery chief executive officer David Zaslav says that news and sports will soon be joining the company's rebranded streaming service Max
ITF secures Billie Jean King Cup investment from Walter’s TWG Global
TWG Global, the investment vehicle of US billionaire Mark Walter, has acquired a minority stake in a joint venture set up with the International Tennis Federation to commercialise the Billie Jean King…
OneFootball headcount shrinks to 250 amid further redundancies
The new management team at OneFootball has enacted further cost-saving measures at the media company with the overall headcount reduced by 15 per cent
WWE’s Q2 revenues up 25 per cent on back of higher TV rights fees
Improved media rights income for premium live events and weekly programming helped World Wrestling Entertainment secure a 25-per-cent increase in revenues in the second quarter
MFE’s H1 revenues remain stable, operating profit rises to €120.9m
MFE-MediaForEurope, the parent company of commercial broadcaster Mediaset, has posted consolidated net revenues of €1.37bn and operating profit of €120.9m for the first six months of 2023.
Sky granted new High Court order to block illegal streams
UK pay-television operator Sky has been granted a High Court order that will require internet service providers to block access to illegal streams of its linear channels
PPF deal takes sale of Viaplay equity to over 18 per cent
Czech investment company PPF Group has bought a 6.3-per-cent stake in Viaplay Group as the embattled streaming broadcaster continues to shift equity
Italian regulator approves 30-minute blocking of illegal streams
Autorità per le Garanzie nelle Comunicazioni (AGCOM), the regulator and competition authority for the communications industry in Italy, has given the green light to block pirated websites within 30 minutes, …
Canal Plus Group’s international expansion fuels three-per-cent revenue increase
Vivendi-owned media group Canal Plus posted revenues of €2.96bn ($3.26bn) for the first half of 2023, a three-per-cent increase on the same period during 2022.
EXCLUSIVE: ATP Media income dips given Shanghai cancellation but broadcast revenue up
Income at ATP Media, the ATP Tour’s international media rights sales and broadcast production arm, dipped slightly in 2022 due to the non-recurrence of an insurance payout for the cancellation of the S…
World Aquatics details financial strain of ISL legal battle
World Aquatics has spent over $10m (€9m) in legal fees in its bid to maintain control of the sport over the past three years, according to financial statements released today (Monday).
FIS and Infront strike peace deal over media rights centralisation
The International Ski and Snowboard Federation (FIS) and Infront have hammered out the details of a centralised media rights ‘framework agreement’ that brings to an end a long-running feud over the own…
Atlético-MG becomes Brazil’s ‘biggest SAF’, signs with Libra
Atlético-MG has become the latest club in Brazilian football to transition into a limited company (SAF), after the sale of 75 per cent to the newly-formed Galo Holding was approved.
Canal Plus swoops in for minority Viaplay stake
Canal Plus Group has acquired a 12-per-cent stake in Viaplay, the Nordic media giant that yesterday (Thursday) announced a staggering second-quarter loss and radical cost-cutting plans
Viaplay’s $575m Q2 loss prompts market exits, job cuts, potential sale
Viaplay is to exit the UK, US and Baltics markets and make 25 per cent of its employees redundant as part of massive cost-cutting measures, the Nordic media giant announced today (Thursday)
ITF hails ‘robust finances’ but 2022 accounts aided by one-off payments
David Haggerty, president of the International Tennis Federation, has hailed the "robust" finances and "strong commercial" future of the governing body, two months ahead of an election where he faces a serious challenge.