Finance & Law
Sky ad revenues and programming costs fall amid World Cup impact
Sky, the Comcast-owned European pay-TV broadcaster, has reported revenue reductions of 13 per cent and 11
Kosmos ‘takes case to CAS’ over Davis Cup contract termination
Kosmos Tennis, a subsidiary of the Kosmos investment group, claims to have taken its case to the Court of Arbitration for Sport in Lausanne following the termination of its 25-year agreement with the International…
Sinclair’s Diamond Sports Group ‘heads towards $8.6bn debt restructure’
Diamond Sports Group, the Sinclair Broadcast Group entity that operates the Bally Sports group of regional sports networks in the United States, is reportedly heading towards a $8.6bn (€7.8
Learfield extends deal with University of Alabama, adds NIL center
The University of Alabama's athletics department has extended its multimedia rights deal with Learfield in a 15-year agreement, marking one of the longest deals of its kind in American collegiate athletics
BeIN ends Atalanta Serie A broadcasts in France over Plus500 ruling
Pay-TV broadcaster beIN Sports has been forced to cease broadcasts in France of Italian Serie A football matches featuring Atalanta owing to regulatory concerns over the club’s main sponsor, financial t…
Pac-12 fires two executives over failure to disclose distribution partner overpayments
The Pac-12 Conference has fired two senior executives after an independent investigation found that they failed to disclose overpayments by a distribution partner dating back to 2016
Next League to buy services, product businesses from Infront X
Deal brings a full-circle moment for former Omnigon founders
DAZN reports $1.36bn operating loss in 2021, revenues reach $2.3bn in 2022
DAZN Group made an overall loss of $2.33bn (€2.17bn) in 2021, bringing the company's total losses over the past three reported financial years to $5bn, SportBusiness can reveal.
Japan’s Rugby League One reports financial surplus in first year
Japan's revamped rugby union league, Rugby League One, has reported revenue of 3.3bn yen ($25m/€23m) and a surplus of 270m yen ($2m/€1.9m) in its first financial year.
Sponsorship revenue generated 2.1bn
Conmebol boosts prize money payments as new rights cycle starts
The South American Football Confederation (Conmebol) has detailed plans for a 23-per-cent increase in payments to clubs across its competitions for the 2023 season
Channel 4 hails scrapping of government privatisation plan
UK free-to-air broadcaster Channel 4 has welcomed the confirmation today (Thursday) that the government will pursue reform rather than privatisation of the organisation
UK Culture Secretary advises against Channel 4 privatisation
UK Culture Secretary Michelle Donelan has written to Prime Minister Rishi Sunak advising against the privatisation of free-to-air broadcaster Channel 4
Canada’s Competition Tribunal approves Rogers-Shaw merger
Rogers Communications’ C$20bn (€13.9bn/$14.7bn) bid for rival Canadian telco Shaw has been approved by the Competition Tribunal in the country, seemingly paving the way for a merger between the two firms.
Cricket Australia strikes A$1.5bn extensions with Foxtel and Seven, legal action withdrawn
Cricket Australia has extended its domestic media rights agreements with pay-television operator Foxtel and commercial broadcaster Seven in deals worth a total of A$1.5bn ($1bn/€954.4m) over seven seasons, from 2024-25 to 2030-31.
PTO raises $30m in Series B funding with Warner Bros. Discovery among investors
The Professional Triathletes Organisation has today (Friday) announced the completion of a Series B funding round led by private equity firm Divergent Investments, with Warner Bros
White Bridge to acquire majority stake in technology solutions firm Crionet
White Bridge Investments II has signed a binding agreement to acquire a majority stake in technology solutions provider Crionet
OneFootball sheds 11.5 per cent of global workforce
Streaming platform and media company OneFootball has made 62 redundancies following a review of business operations that has dramatically downsized operations in Singapore and downgraded revenue expectations…
Italian government approves five-year ceiling for media rights deals
The Italian government has approved changes to sports broadcast rights legislation that will allow for contracts running up to five years