Multiple Sports
Recast’s financial implosion a warning for OTT monetisation of sport’s long tail
The financial plight of Recast has shone a light not only on the flaws of the streaming platform’s erstwhile business, but also the continuing difficulties of monetising second- and third-tier sports content.
Liberty Media’s tracking stock, SiriusXM combine in new public company
Liberty Media's Liberty SiriusXM (LSXM) tracking stock group will be combined with US radio broadcaster SiriusXM to create a new public company under the SiriusXM name and brand
Sky snaps up US college sports rights at low cost
UK pay-television broadcaster Sky’s acquisition of US college football and basketball rights from ESPN will provide good exposure for American university sport through to the end of the 2024-25 season, but little in the way of remuneration.
ESPN stalwart Wolff to take up Sixth Street position
Russell Wolff, who recently left ESPN after 26 years with the Disney-owned sports broadcaster, is joining global investment firm Sixth Street
DAZN chooses Germany for free in-app streaming, plans wider roll-out
Global sports streaming service and media company DAZN has launched a free in-app offering for users in Germany, marking the first phase of what will be a wider global roll-out.
Organ makes move from Right Formula to IMG
The IMG agency has appointed Luke Organ as senior vice-president of global partnerships for its media business.
Canal Plus brand returning to the Netherlands after 18-year hiatus
The Canal Plus name is to return to the Netherlands early next year, with the pay-television operator announcing that its new streaming platform in the country will include the Eredivisie, the top domestic…
IMG Digital Trends Report pinpoints smart stadia, AI and women’s sports engagement
Improved monetisation and cost savings through smart stadiums, heightened use of generative AI by rights-holders and harnessing women’s sports properties’ underlying engagement are three of the main tre…
Viaplay bids to stave off insolvency with SEK4bn equity raise, debt renegotiation
Viaplay Group has laid out plans for a “recapitalisation programme” that includes a SEK4bn (€350m/$382m) new equity raise and SEK14.6bn debt renegotiation package as part of measures designed to stave off insolvency and subsequent bankruptcy.
Recast relaunches with overhauled business model
UK-based streaming platform Recast has relaunched following its recent administration and takeover by Content Technology Partners (CTP), shifting away from being a content destination in itself
Premier Sports returns after buying back embattled Viaplay’s UK business
Premier Sports, the pay-television broadcaster, is to return to UK homes early next year after announcing it has reached an agreement to buy back the business that it sold to Nordic media giant Viaplay…
SABC appoints ex-SuperSport director Chabeli as new CEO
South African public-service broadcaster, the SABC, has appointed Nomsa Chabeli as its new group chief executive
Global value of sports media rights nears $56bn
The global value of sports media rights has increased to just under $56bn (€51.1bn) despite another year of turbulence in which cornerstones of the industry came under threat.
Hearn: Matchroom equity sale still likely
Matchroom chairman Eddie Hearn believes a deal to sell a minority stake in the company will “probably happen” despite a proposed deal with CVC Capital Partners falling through earlier this year.In
MultiChoice half-year earnings drop five per cent despite three World Cups
Pan-African media group MultiChoice, owner of pay-television broadcasters SuperSport and DStv, posted core headline earnings of R1.8bn (€91m/$98.6m) for the six-month period ending September 30, which included three World Cups across football, netball and rugby union.
CAA Evolution forms new player in sports investment marketplace
Evolution Media Capital, the merchant banking arm of CAA, has joined forces with strategic advisory firm M. Klein & Company to launch a new entity which they claim will significantly step up their presence in the sports and entertainment investment space.
Betting business drives Genius’ Q3 revenue jump but net loss hits $11.6m
A 34-per-cent jump in revenue in its core betting business helped Genius Sports report increased third-quarter revenue of $101.7m (€95.2m) but foreign currency headwinds contributed to an $11.6
Video clipping firm Tellyo finds new buyer
Video production and live clipping company Tellyo is to be bought by Amagi, a cloud-based broadcast technology firm