Finance and Law
Viaplay in talks to pass on rights in non-core markets
Nordic media giant Viaplay is currently involved in discussions to sublicense or sell on its rights in all its markets outside of the Nordics and the Netherlands
Polsat faces broadcast watchdog penalty over CEV volleyball coverage
Polish pay-television broadcaster Polsat could face a penalty from the country’s National Broadcasting Council (KRRiT) after failing to make a women’s European Volleyball Championship match available on …
Virat Kohli, Sourav Ganguly issued high court notices for fantasy league endorsements
The Madras High Court has issued notices to India cricket team captain Virat Kohli and Board of Control for Cricket in India president Sourav Ganguly for endorsing online cricket fantasy league apps
Premier League sues over terminated PPLive rights deal in China
The English Premier League is suing its former Chinese broadcast rights-holder for $215.3m (€183m) over its battle for unpaid rights fees, it has been reported.
Singaporean group among investors eyeing Newcastle United
Singaporean entrepreneurs Terence Loh and Nelson Loh are fronting a bid to take over English Premier League club Newcastle United
Thai FA ‘seeking financial support’ after sponsorship and media-rights issues
The Football Association of Thailand is seeking financial support to see it through its current cash flow problems caused by media rights-holder disputes and a lack of sponsorship support
Tencent ‘in discussions’ over $10bn Huya-DouYu merger
Chinese tech giant Tencent is said to be pressing for a merger of China’s biggest game-streaming platforms Huya and DouYu.
Axed Hong Kong Sevens causes financial pain for HKRU
Hong Kong Rugby Union has been hit with a significant fiscal setback but says its cash reserves will sustain it for at least one more year
Formula 1 season ready to start under strict Covid-19 controls
Austria will host the first behind-closed-doors Formula 1 race of the 2020 season this weekend with stringent health and safety protocols in place
EY report: 2019 Rugby World Cup generated £4.3bn economic impact
Nearly £4.3bn ($5.37bn/€4.75
Tencent eyes dominant share of Chinese sports streaming market
Chinese tech giant Tencent is said to have approached Baidu to buy a stake in its Chinese video streaming platform iQiyi
Empty stadiums pushing KBO clubs to financial breaking point
South Korean baseball was among the first sport to resume during the Covid-19 pandemic but without expected gate revenue some clubs are now facing financial difficulties
Nikko AM lists Asia’s first esports and gaming fund
Japan’s Nikko Asset Management has launched an exchange-traded fund in Hong Kong aiming to tap into the growth of the computer games and esports industry.
Loss-making One Championship gets $70m injection as 20 per cent of workforce cut
Singapore-based mixed martial arts promoter One Championship has raised $70m (€62.2m) from investors while revealing a hefty cut to its global headcount.
Rugby Australia ‘in KKR investment talks’, returns in July with TV deal
US-based private equity firm KKR is in talks with Rugby Australia about an investment in the sport, it has been reported
Returning crowds for Super Rugby Aotearoa will bring welcome cash injection
The opening games of the planned mini-series between New Zealand’s five Super Rugby teams are heading for substantial attendances.
Round-Up: Tokyo governor’s Olympic worry, Sydney wants Fury fight, Saudi to sponsor virtual Le Mans, and more
The governor of Tokyo has questioned whether the Olympic Games can go ahead next year without an international deal on travel and quarantine
Broadcasters and AFL yet to confirm rights deal on shortened season
The Australian Football League does not yet have a broadcast deal in place for its reduced season which is due to resume on June 11