Media

The Melbourne Cup, Australia's most famous horse race, will carry a purse of US$2.12 million this year, the Victoria Racing Club (VRC) has said.

Extreme International has signed a three-year deal content agreement with Sony Pictures Entertainment's AXN channel in Spain.

Poor ticket sales for the Malaysian Formula Grand Prix has been blamed on hotel owners hiking up room prices, according to the circuit?s owner.

Germany's main state television channels ARD and ZDF said they had pulled out of talks with media group Kirch over the broadcasting rights for the next two soccer World Cups.

Another dot com has gone bust with Los Angeles-based sports media company BroadbandSports forced to shut down.

The e-commerce streaming company, e-Media, Inc, has teamed up with VideoSport.com to deliver live, pay-per-view (PPV) webcasts of more than 150 professional European soccer matches over the next two years to fans worldwide.

Maple Leaf Sports and Entertainment, the parent company for the NHL's Maple Leafs, the NBA's Toronto Raptors and the owners of the Air Canada Centre are set to debut a 24-hour channel devoted to the Maple Leafs in September.

Digital Sport, the website operator, is in discussions with Sports Network Group, the UK-based boxing promoters owned by Frank Warren, to take a stake in the company.

A new network of websites aimed at uniting the UK?s domestic cricket community, and supported by the England and Wales Cricket Board (ECB) was launched at Lord?s Cricket Ground in London last night.

Heavyweight boxing champion Lennox Lewis is today signing a $1.6m deal with the BBC ? a key victory for the broadcaster as it looks to rebuild its sports portfolio.

Despite crackdowns and steep penalties, illegal betting on horse racing in Singapore is still a bustling S$10 million (US$5.72 million) a month business.

ESPN - in conjunction with several of its affiliates and advertisers and the National Hockey League - will conduct a single-screen interactive television test during NHL All-Star Saturday and the Winter X Games on February 3.

A small British investment bank is ready to buy EM.TV's 50 percent stake in Formula One holding company SLEC, challenging media giant Kirch's bid to rescue the debt-laden firm, industry sources revealed.

Former Kent County Cricket Club captain Steve Marsh has joined the UK?s Professional Cricketers Association?s commercial arm, PCA Management Ltd.

New South Wales Premier has warned that Sydney's main Olympic venues will remain a drain on taxpayers for years, with public funds being used to subsidise some big events.

Australia?s Seven Network is eyeing up the country?s National Basketball League (NBL) broadcast rights in the event of it losing the broadcast rights to Australian Football League (AFL) matches.

Clive Swan, chairman of the leading independent online retailer unbeatable.co.uk has announced his resignation as non executive director of Firststake Plc - the OFEX traded retail betting network.

Pay-per-view television company U>direct, which earlier this year covered England?s World Cup qualifying match away against Finland, is understood to be bidding for the re-structured pay-per-view rights to England?s Premier League.