Finance & Law
ESPN has strong quarter as D2C shift and strategic partner loom
Disney is still searching for a strategic partner for ESPN and is fully set on taking the sports property entirely direct-to-consumer as it posted an operating income increase of 16 per cent to $987m (€922m) i…
Endeavor posts Q3 revenue rise, talks up betting operations for 2024
Sports and entertainment conglomerate Endeavor has positioned OpenBet and its wider betting operations as key revenue drivers for the group in 2024, but insists IMG Arena will remain "number three" in…
Diamond Sports settles with NBA, rights to hit 15 local markets in 2024
A spate of local market National Basketball Association team media rights will hit the market next year after the league and Diamond Sports Group, the largest owner of regional sports networks (RSNs),…
Viaplay, TV2 settle Premier League clips case out of court
Subscription broadcaster Viaplay and its Norwegian commercial rival TV2 have settled their legal dispute out of court over the use of clips from English Premier League matches
Paramount+ not actively looking at more sports rights as subscriptions reach 63m
Paramount Global's streaming service Paramount+ netted 2.7 million subscribers in the quarter to bring the total to 63 million as the direct-to-consumer service's revenue increased 38 per cent year-over-year
Liga Forte União sells off 20 per cent of media rights to 2075, targets Libra pact
Liga Forte União (LFU), a group of 25 Brazilian football clubs, has announced the sale of 20 per cent of its broadcast rights for the next 50 years for R$2.6bn (€494m/$525m), in what represents one of the most significant developments in the sport's history in the country.
Workforce cut by 10 per cent as Sportradar enacts cost-cutting measures
Sports data and betting services company Sportradar is cutting its global workforce by 10 per cent amid a downturn in third-quarter profits
NHL’s Coyotes seeks $18m from Diamond Sports Group
The National Hockey League's Arizona Coyotes is seeking $17.9m (€16.8m) from Diamond Sports Group (DSG), the owners and operators of Bally Sports Network regional sports networks.
Rugby World Cup boosts TF1’s financial results
French commercial broadcaster TF1 has pointed to the impact of a home Rugby World Cup (RWC) as group net profit and revenue for the media segment of the company rose year-on-year for the third quarter.
Comcast’s Peacock adds 4m subscribers, Q3 revenue up 64 per cent
NBC streaming service Peacock added four million subscribers on a net basis in the third quarter to reach 28 million and saw its revenue rise 64 per cent from last year to $830m (€785m), as revealed i…
Silver Lake looks to take Endeavor private amid strategic review of assets
Endeavor, the company that owns the IMG agency, World Wrestling Entertainment and Ultimate Fighting Championship, has announced that it is exploring “strategic alternatives” for its publicly listed sto…
Viacom18’s Reliance closing in on Disney’s India business
Indian conglomerate Reliance Industries has emerged as the frontrunner to acquire media giant Disney's business in the country
H.I.G. Capital ready to cash in on Sportfive with sale explored
H.I.G. Capital, the international private equity and asset management firm, is looking to put the Sportfive agency up for sale, according to reports.
Miami-based H.I.G
Viaplay shares hit new low as Q3 results postponed for recapitalisation talks
Embattled Nordic media giant Viaplay Group has delayed the release of its third-quarter financials, due today (Tuesday), by one month in order to conclude talks with three major shareholders, as well as…
PFL eyes profitability by 2025, targets top fighters to fuel PPV
The Professional Fighters League (PFL) expects to be profitable by 2025, off the back of its Saudi investment that will fund the acquisition of top fighters and staging of showpiece events that in turn…
ESPN financials released by Disney ahead of Q3 earnings
Disney has outlined a new financial reporting structure following the reorganisation of the company into three segments earlier this year, when ESPN and sports were separated from the entertainment divisions
‘Forward-looking’ boutique agency Iris launched by Francini and ex-IMG duo
Iris Sport Media, the company set up by Ioris Francini and his former IMG colleagues Floris Weisz and Luca Baldanza, has officially launched in the market, positioning itself as a forward-looking boutique…
Sportfive turns to former WSG stalwart Nair to lead cricket push
Sportfive’s appointment of former World Sport Group executive Venu Nair has signalled the ambition of the agency to win new business in cricket as it builds up its operations in Asia.