Finance & Law
Viaplay ‘reset’ continues after SEK2.9bn Q4 loss closes turbulent year
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 NZ weighs up exclusivity balance amid rising subscriber costs
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…
DFL drops private equity investment plans amid fan revolt
Plans for private equity investment into the German Football League (DFL) have been abandoned for the second time in nine months, with seemingly no end in sight to the fan opposition that has disrupted…
Club América secures Latin American first with stock market listing
Mexican Liga MX champion Club América has become the first football club from Latin America to secure a stock market listing after it launched on Mexico's stock exchange yesterday (Tuesday).
Endeavor’s On Location invests in sports events tech firm Wiz-Team
Endeavor-owned hospitality company On Location has acquired a minority stake in Wiz-Team, the Switzerland-based event and data management technology firm
Fubo files antitrust complaint over ESPN-Fox-WBD streaming JV
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.
FC Porto secures major investment to modernise stadium
Portuguese top-tier club FC Porto has secured major external investment of up to €70m ($75.8m) which it plans to use to modernise its Estádio do Dragão home.
EXCLUSIVE: CPL set to continue on OneSoccer after Mediapro-CSB talks
Mediapro’s football streaming service OneSoccer looks set to continue offering live coverage of the Canadian Premier League (CPL) during the 2024 season after conciliatory talks were held with Canadian S…
DraftKings posts 44-per-cent Q4 revenue rise, acquires Jackpocket
DraftKings has posted a 44-per-cent increase in revenue to $1.23bn (€1.14bn) in the company's fourth-quarter earnings report, while the Boston-based company has announced the acquisition of lottery app Jackpocket for $750m.
US DOJ ‘to review’ ESPN-Fox-WBD streaming deal
The United States Justice Department (DOJ) is planning to scrutinise the new sports streaming service that Disney's ESPN, Fox and Warner Bros. Discovery plan to launch later this year over potential antitrust breaches.
Uefa: Rising commercial income boosts club revenues to record levels
European club revenues rose to a record level of almost €24bn ($25.82bn) in 2022 thanks to rising commercial income and are set to rise even higher in 2023, according to a new report published today (Thursday) by European governing body Uefa.
Zee claims $8.3m refund from Disney Star over ICC deal
The dispute between media groups Zee and Disney Star over their seemingly broken agreement for International Cricket Council (ICC) rights looks set to intensify, with Zee asserting that its counterpart…
Blackstone exits DFL investment race, CVC sole bidder
CVC Capital Partners is the last remaining private equity firm in the running to become the strategic partner of the German Football League (DFL) in a new media company after Blackstone dropped its bid…
Paramount slashes costs with 800 layoffs
Paramount Global is making around 800 job cuts worldwide amid ongoing restructuring of the company and conversations around a possible sale or merger
Matchroom makes 10-year Saudi pact with snooker’s fourth major
One of the world's richest snooker events is to take place in Saudi Arabia for the next 10 years, further strengthening the Matchroom Group's ties to the Kingdom
Bundesliga protests escalate as league nears D-Day on private equity
The German Football League (DFL) is coming under increasing pressure to hold another vote into its decision to take on private investment and potentially drop the plan altogether following another weekend…
Barcelona hit with €23m tax bill over agent payments
LaLiga club FC Barcelona is to appeal to Spain's Supreme Court after being ordered to pay €23m ($24.8m) for non-payment of tax on remuneration paid to players' agents.
Women’s Euro 2022 generated commercial income hike but remains loss-making
Uefa has reported a massive hike in commercial revenue for the 2022 Women’s Euro, despite continuing overall losses for the tournament after distributions are taken into account.