Finance & Law
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
NHL’s Coyotes seeks $18m from Diamond Sports Group
The National Hockey League's Arizona Coyotes is seeking $17.9m (€16.8m) from Diamond Sports Group (DSG), the owners and operators of Bally Sports Network regional sports networks.
Rugby World Cup boosts TF1’s financial results
French commercial broadcaster TF1 has pointed to the impact of a home Rugby World Cup (RWC) as group net profit and revenue for the media segment of the company rose year-on-year for the third quarter.
Comcast’s Peacock adds 4m subscribers, Q3 revenue up 64 per cent
NBC streaming service Peacock added four million subscribers on a net basis in the third quarter to reach 28 million and saw its revenue rise 64 per cent from last year to $830m (€785m), as revealed i…
Silver Lake looks to take Endeavor private amid strategic review of assets
Endeavor, the company that owns the IMG agency, World Wrestling Entertainment and Ultimate Fighting Championship, has announced that it is exploring “strategic alternatives” for its publicly listed sto…
Viacom18’s Reliance closing in on Disney’s India business
Indian conglomerate Reliance Industries has emerged as the frontrunner to acquire media giant Disney's business in the country
H.I.G. Capital ready to cash in on Sportfive with sale explored
H.I.G. Capital, the international private equity and asset management firm, is looking to put the Sportfive agency up for sale, according to reports.
Miami-based H.I.G
Viaplay shares hit new low as Q3 results postponed for recapitalisation talks
Embattled Nordic media giant Viaplay Group has delayed the release of its third-quarter financials, due today (Tuesday), by one month in order to conclude talks with three major shareholders, as well as…
PFL eyes profitability by 2025, targets top fighters to fuel PPV
The Professional Fighters League (PFL) expects to be profitable by 2025, off the back of its Saudi investment that will fund the acquisition of top fighters and staging of showpiece events that in turn…
ESPN financials released by Disney ahead of Q3 earnings
Disney has outlined a new financial reporting structure following the reorganisation of the company into three segments earlier this year, when ESPN and sports were separated from the entertainment divisions
‘Forward-looking’ boutique agency Iris launched by Francini and ex-IMG duo
Iris Sport Media, the company set up by Ioris Francini and his former IMG colleagues Floris Weisz and Luca Baldanza, has officially launched in the market, positioning itself as a forward-looking boutique…
Sportfive turns to former WSG stalwart Nair to lead cricket push
Sportfive’s appointment of former World Sport Group executive Venu Nair has signalled the ambition of the agency to win new business in cricket as it builds up its operations in Asia.
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…