Multiple Sports
SBS9 rebranded in Viaplay-Talpa content tie-up, revenue share
Talpa Network has strengthened its sports offering to customers by striking a linear TV partnership in the country with Viaplay Group, helping to offset the Dutch broadcaster's loss of Uefa club competition rights.
Sports streaming subscriptions dip in Portugal
Subscriptions to, and usage of, sports streaming services declined in Portugal for the first time since 2022, according to the findings of a new report.
Sportradar swings to Q4 profit, bullish on Brazil betting
Sportradar swung back into the black in the fourth quarter thanks to growth across all segments, sending the sports data and betting services firm’s share price soaring to a temporary seven-month high in Wednesday morning trading.
RMC Sport parent Altice Media to be sold to CMA CGM in €1.55bn deal
Altice France has today (Friday) announced plans to sell Altice Media, parent of subscription broadcaster RMC Sport, to logistics company CMA CGM Group in a move that seemingly marks the final step in the telco’s move away from premium sports output in the country.
Singtel ‘exploring all options’ on Optus but rules out full sale
Singaporean telco Singtel is considering disposing of a significant stake in its Australian business Optus to a Canadian private equity firm, but plans for a full sale have been vehemently denied by the firm.
Reliance tightens grip on Viacom18 after buying out Paramount stake
Indian conglomerate Reliance Industries, chaired and run by business mogul Mukesh Ambani, will buy out Paramount Global’s 13-per-cent stake in media group Viacom18 for $517m (€472m).
Two Circles develops US business with move for digital content agency
US-based digital content agency Let It Fly Media has become the first Two Circles acquisition under the ownership of private equity firm Charterhouse Capital Partners
Matchroom reaffirms investment appeal with £34m profit
Matchroom Sport delivered a profit of £33.8m during the 2022-23 financial reporting period on the back of strong performances from its darts and boxing verticals, SportBusiness has learned.
ITV profits dive amid ad sales slump, sports content costs down
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
New World TV, MMS, SportyTV: new players shaking up African rights market
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.
Genius’ annual net loss narrows to $86m after revenue jump
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.
Murdoch outlines 5m subscriber target for sports streaming JV
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 to cut ties with Bally’s as part of re-organisation plan
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+ subs up to 67.5m, total revenue dips 6 per cent
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.
Reliance, Disney Star agree $8.5bn India media mega-merger
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.
Diamond Sports refinancing approved, puts NHL, NBA plans at risk
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…
WWE swells revenues but Endeavor results hit by legal costs, write-offs
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).
WBD’s Zaslav: New sports streaming bundle will make games easier to find
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.