Finance & Law
Discovery ‘in the mix’ with BT Sport ‘joint venture’ proposal
US media group Discovery is in talks to form a joint venture with BT concerning the UK telco’s BT Sport arm, according to reports.
Nent hit by sudden passing of CFO Catrina
Gabriel Catrina, chief financial officer at Nordic Entertainment (Nent) Group, has died suddenly after a short illness
French football wants bigger share of ‘Big 5’s’ capped solidarity payments
French football authorities have called for a greater share of the solidarity payments to French clubs who do not compete in Uefa club competitions during the 2021-24 cycle
Orient Hontai ups stake as Mediapro agrees €620m recapitalisation package
Mediapro, the international broadcast production group and rights agency, has confirmed a €620m ($700m) recapitalisation that will see majority shareholder, Chinese private equity firm Orient Hontai C…
FuboTV acquires French streaming company Molotov, revenues hit record $156.7m
US-based sports streaming platform fuboTV has entered into a binding agreement to acquire French live-TV streaming company Molotov SAS and posted record revenues of $156.7m (€135.4
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