Finance & Law
BT sets out financial and sports operational impact of Warner Bros. Discovery JV
UK telecoms company BT has said it expects to take an initial revenue hit of between £300m (€343.3m/$335.9m) to £350m from its joint venture agreement with media group Warner Bros. Di
Athletic Sports Group becomes Spring Media’s latest acquisition
The Spring Media agency has acquired the Netherlands-based agency Athletic Sports Group (ASG), including its subsidiary Fight Globe
Infront splits CFO function in response to ‘challenging economic environment’
Infront has split the chief financial officer function and divided the duties in response to the “challenging economic environment and need to accelerate” the agency’s corporate development.
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Viaplay unveils UK price point and launch date
Subscription streaming operator Viaplay Group has announced that its Viaplay service will launch in the UK on November 1 after receiving Irish media merger control clearance for its acquisition of Premier …
Murdoch assessing return to merged Fox-News Corp
Fox Corporation and News Corporation have announced the formation of special committees designed to assess the potential reunification of the two media companies
Saudi Arabia’s PIF and US groups signal beIN investment interest
Saudi Arabia’s Public Investment Fund (PIF) has held exploratory talks about acquiring a significant minority interest in Qatar-based pay-television broadcaster beIN Media Group, SportBusiness understands.
Cricket Australia attributes A$5.1m loss to ‘challenging’ UK media rights market
Cricket Australia recorded a A$5.1m ($3.2m/€3.3
Sports rights costs weigh on SABC’s reduced net loss
South African public-service broadcaster the SABC has reported an improvement in its net loss for the 2021-22 financial year.
The SABC stated that its net loss of ZAR201m ($11.08m/€11.4
Spring Media acquires Hogmore rights and production agency
The Spring Media agency has acquired Hogmore Media, the Liechtenstein- and Austria-based agency known for its work in the host broadcast and distribution of football friendlies
Australian government begins consultation on ‘anti-siphoning’ changes
Australia's new Labor government has started a public consultation on changing the country's 'anti-siphoning' laws that ensure certain sports events are shown on free-to-air television
Indian competition watchdog approves Sony-Zee merger
The Competition Commission of India (CCI) has approved the merger of Zee Entertainment Enterprises and Sony Pictures Networks, which will create a media giant in the country
Host of rights-holders and broadcasters in renewed anti-piracy call
Major sports rights-holders and broadcasters have signed a letter urging the European Commission to take a tougher stance on the illegal piracy of sports content.
Watchdog investigates public broadcaster RTVE over Fifa World Cup advertising sales
Spain’s competition watchdog, the Comisión Nacional de los Mercados y la Competencia (CNMC), has opened an investigation into public broadcaster RTVE’s sale of advertising slots for the Fifa 2022 Worl…
Indian government cracks down on betting news websites
India’s government has warned broadcasters against advertising gambling products following the rise of what it describes as “online offshore betting platforms” using news websites as a “surrogate product…
Bertelsmann’s RTL calls off plan to sell M6 stake
Luxembourg-based media company RTL Group has elected to retain its controlling stake in French commercial broadcaster M6, despite receiving what it states were “several financially attractive offers”.
Serie A approves guidelines for next rights cycle, attracts more private equity interest
Lega Serie A, governing body of the top division of Italian club football, has approved the guidelines for its next broadcast rights tender
OneFootball hires tech entrepreneur Cogevina as VP of women’s football
Streaming platform and media company OneFootball has appointed technology entrepreneur and gender equality activist Victoire Cogevina as vice-president of women’s football.
Segev: Team Whistle engagement key to Eleven deal, channel rebranding on ‘case-by-case’ basis
DAZN Group’s takeover interest in Eleven Group was driven not only by the latter’s football rights portfolio and strong presence in markets such as Belgium and Portugal, but also the ability of Eleven-owned dig…