Finance & Law
Unipublic posts €5.2m profit for pandemic-affected 2020
The Unipublic agency, organiser of cycling’s Vuelta a España, posted a profit of €5.2m ($6m) in 2020 despite the challenges posed by the Covid-19 pandemic.
DAZN acquires streaming technology company Texel, launches DAZN X
DAZN has acquired Israel-based video streaming company Texel, through which it has launched its new innovation hub, DAZN X
Sports Entertainment Network NZ acquires Otago Nuggets
Radio network Sports Entertainment Network New Zealand has acquired the Otago Nuggets, a team in the New Zealand National Basketball League
Ekstraklasa posted record revenues in 2020-21
The Ekstraklasa, the top tier of club football in Poland, posted record consolidated revenues of PLN328.4m (€71.9m/$83.4m) during the 2020-21 season, despite the challenges posed by the Covid-19 pandemic.
Sportway receives $6.3m injection in biggest funding round to date
Swedish automated production and live streaming firm Sportway has announced that all existing investors in the firm have provided more financial backing to close its latest round of funding with a total…
DAZN agrees to sell Turkish and French portals to Istanbul Portfoy
Global subscription broadcaster and media company DAZN Group has agreed to sell three sports news portals to Turkish investment company Istanbul Portfoy, as it continues divesting parts of its business…
Sky NZ’s financial performance beats projections
Pay-television broadcaster Sky New Zealand has exceeded expectations by posting a profit of NZ$47.5m (€28.1m/$33.1m) for the 2021 financial year.
Nine bounces back into profit on Stan Sport earnings
Australian media group Nine Entertainment has recorded a strong profit after tax compared with last year’s Covid-19 slump as its newly-launched streaming service Stan Sport helped to boost earnings.
Infront acquires stake in Cape Town Marathon as WMM status targeted
The Infront agency has acquired a stake in the Cape Town Marathon, through which it will market media rights and sponsorship packages for the race
TSN posts record profit amid Covid sports cancellations
Canadian pay-television sports broadcaster TSN posted a record pre-tax profit of C$118.6m ($94m/€80.2m) for the 2020 broadcast year, despite the difficulties posed by the Covid-19 pandemic.
Endeavor earnings swing back to a loss in second quarter
Company officials still present highly optimistic view, point to efforts in emerging areas such as betting, NFTs, ticketing
Discovery ‘remains resolute’ in face of challenge to Polish operations
Discovery has said it “remains resolute” in its defence of its Polish business interests after the lower house of the country’s parliament (Sejm) passed a bill which could force the US media group to gi…
Kayo subs soar as Foxtel streaming business grows
Australian pay-television broadcaster Foxtel reported a 40-per-cent increase in subscriptions in 2021, with subscribers for its sports streaming service Kayo Sports more than doubling
Independent report details NCAA gender disparities
Equity review recommends joint Final Four for two Division I basketball tournaments
Comcast’s Roberts: ‘We don’t need M&A’
Company chairman and CEO touts organic growth across multiple operating units
Mediapro cites ‘quick Covid recovery’ with first-half revenues up 68 per cent
Mediapro, the international broadcast production group and rights agency, claims to have “recovered quickly from the impact of the Covid-19 pandemic” after reporting revenues of €669m ($795.2m) i
Streaming and remote production company LiveU acquired by investment firm Carlyle
LiveU, the live video streaming and remote production technology provider, has been acquired by Carlyle, the global investment firm
FA of Thailand ordered to pay $13.7m in SiamSport case
The Football Association of Thailand has been ordered to grant pay-television broadcaster SiamSport BHT450m (€11.6m/$13.7m) in damages for unfairly cancelling a contract between the two parties.