Global
Paramount+ adds 4m subscribers in Q1, D2C losses rise
Revenue for streaming service Paramount+ rose 65 per cent year-over-year as 4.1 million new subscribers brought the service up to 60 million customers
Rest joins SportBusiness as Global News Reporter
SportBusiness has strengthened its global editorial team with the recruitment of experienced sports industry journalist and editor Jonathan Rest
Revenues and subscribers on the rise at Fubo in Q1
Streaming platform Fubo has announced a double digit year-on-year growth in revenue for the first quarter of 2023, amassing $316.5m in total revenue and 1.285 million paid subscribers
Formula 1’s first-quarter revenues rise to $381m
Liberty Media-owned motorsport series Formula 1 posted revenues of $381m (€419m) for the first quarter of 2023, a slight increase on the $360m it generated for the same period in 2022.
D2C unit in the black but Warner Bros. Discovery posts $1bn Q1 loss
Warner Bros. Discovery Inc today (Friday) posted a first-quarter loss exceeding $1bn (€910m), largely tied to its 2022 mega merger, but did announce a surprise profit for its streaming business.
LaLiga extends Mediapro international deal, brings in Denyer for strategic JV
LaLiga has announced the renewal of its international media rights deal with Mediapro for another five seasons, while also creating a strategic joint venture with former DAZN chief executive Simon Denyer’s O…
F1 renews top-tier MSC Cruises deal
Formula 1 has extended its agreement with top-tier sponsor MSC Cruises, continuing the global deal until the end of the 2026 season
Škoda launches new logo in Ice Hockey World Championship extension
Škoda has announced a five-year extension of its long-standing role as ‘Official Main Sponsor’ of the IIHF Ice Hockey World Championship for the next five years, from 2023 to 2027.
UFC adds Monaco Cocktails as official sponsor
The Ultimate Fighting Championship (UFC) has penned a multi-year sponsorship agreement with Monaco Cocktails focusing on the drink company’s Hard Lemonade beverages.
Puma to ‘drive brand heat’ with new F1 deal
Formula 1 has agreed a multi-year deal with Puma, making the German sportswear and equipment manufacturer an official provider of the motor-racing championship
Bernard joins PFL to oversee international strategy
The Professional Fighters League (PFL) has named Gregg Bernard as the executive vice-president of international strategy and business development as the league continues to grow its international presence
Formula 1 gives F1 Academy docuseries treatment
Formula 1 has agreed a deal with Hello Sunshine, a women’s-focused media company founded by Hollywood actress and producer Reese Witherspoon, to develop a docuseries based on its fledgling all-female F…
World Rugby unveils Gallagher as global women’s sponsor
Gallagher, the US insurance broker and consulting firm, has agreed a significant multi-year sponsorship deal with World Rugby to sponsor the women's game, including the showpiece Women's Rugby World Cup…
DXC Technology adds Ferrari to sponsorship portfolio
Global technology services company DXC Technology has agreed a sponsorship deal with Formula 1 motor-racing team Scuderia Ferrari
SportBusiness at Sportel Rendez-Vous Miami: The changing face of motorsport in the US
SportBusiness invites you to a Masterclass at Sportel Rendez-Vous Miami on Tuesday, May 9, at 2:00pm local time.
Perurena re-elected as IWGA president, sambo added to Chengdu 2025 programme
José Perurena has been re-elected as president of the International World Games Association (IWGA) while sambo, the martial art and combat sport, has been added to the programme for the 2025 edition of …
McLaren Racing secures Reiss, Miami GP signs up Draiver
McLaren Racing has signed up fashion brand Reiss to its sponsorship portfolio in a multi-year agreement that makes the company the Official Travel Wear Partner of McLaren’s Formula 1 team.
EXCLUSIVE: PTO and IMG secure raft of new broadcasters, renewals
The Professional Triathletes Organisation, working in conjunction with the IMG agency, has finalised a string of new broadcast deals and renewals ahead of the start of the 2023 PTO Tour on Saturday