Creation of new joint venture to end long-running MLB tie with Topps
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Spark to exit sports streaming as TVNZ takes over rights, Sky NZ acquires F1
New Zealand telco Spark is closing its Spark Sport subscription streaming service, with public-service broadcaster TVNZ expected to acquire the majority of its sports rights portfolio
Fanatics valued at $31bn after $700m funding round
Global sports merchandising company Fanatics is now valued at $31bn (€29.6bn) after raising approximately $700m in a new funding round which was led by private equity firm Clearlake Capital.
Global value of sports media rights hits $55bn, to top $60bn by 2024
The global value of sports media rights reached $55.07bn (€52.37bn) this year and will break the $60bn barrier in 2024 as high-profile deals, including the new National Football League and Indian Premier League domestic rights contracts, take full effect.
Italian government approves five-year ceiling for media rights deals
The Italian government has approved changes to sports broadcast rights legislation that will allow for contracts running up to five years