Multiple Sports
Expanding Two Circles has no appetite for big minimum guarantees
The media agency operation formed out of Two Circles’ acquisition of Spring Media has no plans to put down large minimum guarantees and will focus on a “new era” of rights monetisation, according to leaders at both companies.
Fubo Q3 net loss narrows to $55m
Fubo has improved its third-quarter performance compared to the same period last year, though is still operating at a loss, the streaming platform has revealed in its latest financials earnings report
Paris 2024 boosts Comcast’s Q3 financials
Comcast has reported a near $2bn uplift in quarterly total revenue, year-on-year, aided by what chairman and CEO, Brian Roberts, described as an “incredibly successful Paris Summer Olympics”
Mediapro readying €1bn fund for sports IP investments
Mediapro is to launch and manage a €1bn ($1.1bn) fund to be used for the acquisition of sports intellectual property, including media rights, worldwide, the Spanish media and broadcast production group has revealed.
Why the Middle East sports boom is lifting all verticals except media rights
Sports bodies around the world are grappling with the same problem: making sense of the paradox at the heart of the sports industry in the Middle East and North Africa.
Judge rules Verticast case v Digicel, Flow can proceed
Caribbean pay-television broadcaster Verticast and regional telcos Flow and Digicel are heading to the courts in the first quarter of 2025 in an anti-competitive lawsuit
Two Circles makes broadcast move in Spring Media takeover
Two Circles has finalised an agreement to acquire the Spring Media agency as it moves into broadcast rights sales for the first time, also adding production and direct-to-consumer streaming capabilities…
Stan Sport to introduce ads at no price change
Australian commercial free-to-air broadcaster Nine is to introduce advertising content across all of its platforms, including subscription streaming service Stan Sport.
Chuah hire signals Iris move into Asia
Iris Sport Media has announced its expansion into Asia with the senior appointment of Spring Media’s Tricia Chuah, while the agency has detailed a raft of other hires.
TKO to buy IMG, PBR, On Location for $3.25bn
Endeavor Group is to sell three of its major businesses, including the IMG agency, to TKO, the entity it spun off last year to house WWE and UFC and listed on the New York Stock Exchange.
NWTV aims to counter payment delays with new bank loan
New World TV (NWTV) has secured a €245m ($264m) loan agreement with Afreximbank, the African Export–Import Bank, in a move that the Togo-based broadcaster believes will facilitate smoother payments to rights-holders.
Content Arena platform to facilitate direct betting video deals
Content Arena, the online platform for sports media rights trading, has created a marketplace for rights-holders and bookmakers to sign betting video rights deals directly.
Fubo to offer standalone subscriptions
Amid a turbulent time for sports television bundles in the United States, streaming platform Fubo announced today (Tuesday) that it is launching standalone subscription services
Price hikes, account sharing clampdown boost Viaplay
Cost-cutting measures and price increases are paying dividends at Viaplay, after the Nordic media group recorded a small operating profit for the third quarter of 2024
1190 Sports, Fanatiz agree CosmoBlue distribution
Sports media and technology company Fz Sports, the owner of Fanatiz and 1190 Sports, has agreed a rights distribution and OTT platform deal with the newly-formed CosmoBlue Media.
Comcast, Big Ten Network end West Coast blackout
Big Ten Network and Comcast have finally settled a carriage dispute that had prevented West Coast customers from accessing the network on Xfinity for the first five weeks of the new college football season.
DAZN continues Saudi charm offensive with Riyadh Season deal
Ties between DAZN and Saudi Arabia have further strengthened after the international subscription broadcaster struck a major media deal covering Riyadh Season, the Kingdom's entertainment and sports festival
As sale talk swirls, Kelly focused on IMG’s internal revolution
Speaking exclusively to SportBusiness Media on the back of the agency’s IMG x RedBird Summit, IMG's Adam Kelly is confident the agency’s transformation has positioned it to thrive no matter what parent company it sits under.