Multiple Sports

ITV suffered a 61-per-cent drop in pre-tax profits in 2023 amid an advertising slump and significant investment costs in its ITVX streaming service

In the last three to four years, the sports media industry in sub-Saharan Africa has seen an influx of new players who are challenging established operators and entrenched myths about how business works in the region.

Fourth-quarter and full-year net losses at Genius Sports narrowed considerably in 2023 as the data, technology and broadcast services group posted revenues exceeding its initial guidance.

Fox chief executive Lachlan Murdoch has said that the yet-to-be-named sports streaming joint venture backed by Disney, Fox and Warner Bros. Discovery is planned to reach five million subscribers in its first five years.

Diamond Sports Group, the owner and operator of 19 regional sports networks (RSNs) in the United States, has submitted its official re-organisation plan to the Houston court overseeing its Chapter 11 bankruptcy…

Paramount Global's streaming service Paramount+ added 4.1 million new subscribers in the fourth quarter, raising the platform's total to 67.5 million subscribers at the end of 2023 as the company's overall revenue dipped six per cent year-over-year for the quarter.

Disney Star and Reliance Industries, majority owner of Viacom18, today announced the merger of their Indian television and streaming assets, creating an $8.5bn media behemoth.

A US bankruptcy court has approved Diamond Sports Group's $495m (€456m) settlement from Sinclair and $450m debtor-in-possession (DIP) financing package, but plans of the National Hockey League and National B…

Endeavor, the sports and entertainment conglomerate, is continuing to explore "strategic alternatives” for its publicly listed stock, and as a result will provide no 2024 financial guidance it revealed today (Wednesday).

Warner Bros. Discovery's impending new sports streaming service with ESPN and Fox will put the power back in the consumer's hand, but will have little to no impact on the trio's cable subscriber numbers, WBD chief executive David Zaslav has declared.

Turkish media group Acunmedya has bought a 50-per-cent stake in German sports broadcaster Sport1 for €30m ($32.5m) following an agreement struck with owner Highlight Communications.

Viaplay is to continue reducing its sports rights commitments, turning to sublicensing deals where possible to recoup fees, as part of its company-wide reset.

Sky New Zealand is considering an increased role for free-to-air coverage of sports events it acquires rights to, with the exclusivity balance to be “part of the conversation” during rugby rights negotiations lat…

Sub-Saharan Africa has become the hottest sports-rights market in the world, but that dynamism could be brought to an abrupt halt if the proposed merger between France’s Canal Plus and South Africa’s MultiChoice goes ahead.

Player-focused professional women's sports league Athletes Unlimited (AU) has signed a new multi-year deal with ESPN covering all four of its sports, including, for the first time, basketball

Fubo is suing Disney, Fox and Warner Bros. Discovery over their recently announced joint venture sports streaming platform, calling the move an "extreme suppression of competition in the US sports-focused streaming market", according to a copy of the lawsuit.