Finance & Law
Warner Bros. Discovery accelerates combined streaming service
Merged offering of HBO Max, discovery+ to debut next spring in US
Asia Rugby strikes long-term deal with marketing agency Redstrike
Asia Rugby has announced a strategic agreement with sports marketing agency Redstrike.
The deal will see Redstrike develop the regional rugby union association’s commercial and sponsorship programmes.
Sport ‘resilient’ to economic downturn but ‘not crisis proof’
Sport continues to show strong resilience to negative macro-economic factors but is not entirely “crisis proof”, according to leading industry stakeholders.
Comcast considers sale of Sky Deutschland
Media giant Comcast is thought to be considering a sale of the German arm of Sky, as the European pay-television broadcaster’s total customer relationships increased by 320,000 to 23 million in the third q…
DAZN makes further redundancies at London headquarters
Global sports streaming service and media company DAZN Group is undertaking another round of redundancies at its London headquarters as it steps up recruitment across other operations under an increasingly…
ESPN sells controlling interest in X Games to MSP Sports Capital
ESPN and New York-based private equity firm MSP Sports Capital announced a sale of ESPN’s majority interest in the X Games to MSP Sports Capital, with ESPN continuing to own a minority, non-controlling p…
BeIN signs landmark agreement with Saudi agency
BeIN Media Group, the Qatar-based pay-television broadcaster, has signed a strategic agreement with Saudi Media Co., an advertising sales agency with close connections to the Saudi government
Eliasch: FIS media rights centralisation is a question of when, not if
The centralisation of international broadcast rights to the FIS World Cup series is a question of “when, not if”, according to Johan Eliasch, the International Ski Federation (FIS) president, despite the…
Court of appeal: Canal Plus does not need to restore TF1 distribution
French pay-television broadcaster Canal Plus has welcomed a ruling from the Paris Court of Appeal which confirms that it is under no obligation to reinstate its carriage of free-to-air channels operated…
PFL, DAZN enter three-pronged agreement centred on European JV
DAZN and the Professional Fighters League have struck three separate agreements that will see DAZN become a minority equity holder in the PFL's new European mixed martial arts promotion, as well as a media…
Serie A targets near tripling of international rights revenues
Lega Serie A believes it can come close to tripling international broadcast revenue by 2030, as the top division of Italian club football readies the sales process for the next three-season window
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