Multiple Sports
Murdoch outlines 5m subscriber target for sports streaming JV
Fox chief executive Lachlan Murdoch has said that the yet-to-be-named sports streaming joint venture backed by Disney, Fox and Warner Bros. Discovery is planned to reach five million subscribers in its first five years.
Sportradar: AI coming to the fore as match-fixing alerts remain stable
Suspicious betting instances remained steady across world sport in 2023, with the growing role of artificial intelligence able to identify such behaviour, sports data and betting services company Sportradar has revealed.
Diamond to cut ties with Bally’s as part of re-organisation plan
Diamond Sports Group, the owner and operator of 19 regional sports networks (RSNs) in the United States, has submitted its official re-organisation plan to the Houston court overseeing its Chapter 11 bankruptcy…
Paramount+ subs up to 67.5m, total revenue dips 6 per cent
Paramount Global's streaming service Paramount+ added 4.1 million new subscribers in the fourth quarter, raising the platform's total to 67.5 million subscribers at the end of 2023 as the company's overall revenue dipped six per cent year-over-year for the quarter.
Reliance, Disney Star agree $8.5bn India media mega-merger
Disney Star and Reliance Industries, majority owner of Viacom18, today announced the merger of their Indian television and streaming assets, creating an $8.5bn media behemoth.
Diamond Sports refinancing approved, puts NHL, NBA plans at risk
A US bankruptcy court has approved Diamond Sports Group's $495m (€456m) settlement from Sinclair and $450m debtor-in-possession (DIP) financing package, but plans of the National Hockey League and National B…
WWE swells revenues but Endeavor results hit by legal costs, write-offs
Endeavor, the sports and entertainment conglomerate, is continuing to explore "strategic alternatives” for its publicly listed stock, and as a result will provide no 2024 financial guidance it revealed today (Wednesday).
OVG, Live Nation among backers of new landmark arena for Nigeria
Construction has begun on what is set to become Nigeria’s first major arena, with the Lagos venue seeking to attract the likes of the Ultimate Fighting Championship (UFC), wrestling promotion WWE and boxing and basketball events.
WBD’s Zaslav: New sports streaming bundle will make games easier to find
Warner Bros. Discovery's impending new sports streaming service with ESPN and Fox will put the power back in the consumer's hand, but will have little to no impact on the trio's cable subscriber numbers, WBD chief executive David Zaslav has declared.
Half of Sport1 sold to Turkey’s Acunmedya for €30m
Turkish media group Acunmedya has bought a 50-per-cent stake in German sports broadcaster Sport1 for €30m ($32.5m) following an agreement struck with owner Highlight Communications.
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…
ESPN, Athletes Unlimited in multi-year deal for all four sports
Player-focused professional women's sports league Athletes Unlimited (AU) has signed a new multi-year deal with ESPN covering all four of its sports, including, for the first time, basketball
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.
DAZN names Daumin as first France CEO
DAZN has appointed former Canal Plus executive Brice Daumin to lead its French operation as it continues to target domestic rights to the country’s top football league.
IMG to make production redundancies, PLP and ETP unaffected
The IMG agency is undertaking a consultation process with staff with a view to making up to 35 layoffs at its studios business
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.