Finance & Law
Sky reports 71-per-cent Q1 Ebitda uplift amid lower operating expenses
Sky, the Comcast-owned European pay-television broadcaster, recorded $622m (€591m) in adjusted Ebitda (earnings before interest, taxes, depreciation and amortisation) for the first quarter of 2022, a y…
Super Bowl-Beijing Olympics combo pays off for Comcast
Quarterly results show sharp increases in overall revenue, advertising sales, Peacock subscriptions
NZ Rugby records first profit since 2017, media rights income hits NZ$80m
New Zealand Rugby has recorded its first profit since 2017 after revenue increased by 36 per cent to NZ$188.8m ($123m/€116.8m) during another challenging year for the rugby union association.
Competition regulator backs Mediapro’s deal for Fox Sports channels in Argentina
The Argentinian competition regulator has given the green light to the Mediapro agency’s acquisition of Fox Sports channels in the country.
Bodhi Tree invests $1.76bn in Viacom18 ahead of IPL auction
Bodhi Tree, the media investment vehicle promoted by media executives James Murdoch and Uday Shankar, will invest INR13,500 crore ($1.76bn/€1.6
M6 shareholders give green light to TF1 merger
M6 shareholders have approved its proposed merger with fellow French commercial broadcaster TF1
OneFootball raises $300m from investors, forms blockchain JV
OneFootball, the football-focused streaming and media platform, has closed a $300m (€285m) Series D funding round led by the New York-based Liberty City Ventures and has also created a blockchain technology j…
Zaslav: don’t expect Warner Bros. Discovery spending spree
CEO of newly merged company stresses financial discipline in call with analysts
Beijing 2022 drives Discovery’s 25-per-cent Q1 revenue uplift
Media group Warner Bros. Discovery has reported a 25-per-cent first-quarter revenue increase at its international operations, thanks in part to Discovery’s broadcast of the Beijing 2022 Winter Olympics.
United Group’s revenues grow as sports rights spending increases
United Group has reported higher revenues for the 2021 financial year thanks to multiple acquisitions that it concluded, while its sport rights spending more than doubled
Viaplay adds 778,000 to global subscriber total, confident of dodging Netflix-style dip
The launch of Viaplay in the Netherlands helped the streaming service add 778,000 new subscribers to its global total in the first quarter of this year
Musk enters into $44bn definitive agreement to acquire Twitter
Questions remain regarding billionaire's plans for prominent social media platform
Sky Italia free to pursue exclusive internet rights after antitrust ruling
Pay-television broadcaster Sky Italia has succeeded in securing an early overturn of a ruling that has prevented it from acquiring exclusive internet rights to sports properties for almost three years
Golden State Warriors unveil new entertainment division
The National Basketball Association's Golden State Warriors have announced the debut of affiliate company Golden State Entertainment (GSE), which will produce original documentaries, collaborate with recording…
Musk makes unsolicited $43bn offer to buy Twitter
World's richest man looks to take prominent social media platform private
Footballco acquires Middle East’s Kooora in eight-figure deal
Footballco, the private equity-backed football media business, has acquired Middle East-based digital sports publisher Kooora in an eight-figure, all-cash deal
Foxtel IPO plans ‘back on hold’ amid uncertain investor demand
Plans to publicly float Australian pay-television operator Foxtel this year have been delayed due to uncertain demand among potential investors, according to reports in Australian newspapers
Warner Bros. Discovery formally starts post-merger operations
WarnerMedia-Discovery merger formally closes, creating one of the largest media entities based in the US