Business Intelligence

Disney Star sports biz loss up at $342m in Oct-Mar period

SportzPower Team

May 08, 2024 18:05

Read more about Disney Star sports biz loss up at $342m in Oct-Mar period
Log in to post comments

Disney Star's sports-related operational loss reportedly grew by 50% to $342 million for the six months ended March 30, up from $228m in the same period in the previous fiscal.

During the time under examination, the Walt Disney-owned company's operating revenue from sports increased by 40% to $504m, while operating expenses increased by 51% to $786m, per media reports.

Oct 06, 2020 11:10

Mohammedan Sporting offloads 50% stake to new investor

KOLKATA: Mohammedan Sporting Club on Monday announced Gurgaon-based company Bunkerhill Private Limited as their new investors. Bunkerhill have taken a 50% stake in the storied club, Goal reports.

Oct 02, 2020 17:10

Honda to leave Formula 1 at the end of 2021

LONDON: Red Bull and AlphaTauri are on the search for a new power unit supplier after the shock announcement that Honda will withdraw from Formula 1 at the end of 2021. The Japanese engine manufacturer returned to the championship in 2015 with McLaren, having been inspired by the new breed of power units that focused on hybrid and energy recovery technology.

Oct 02, 2020 17:10

XFL announces 'return to the field' in 2022

STAMFORD, Conn.: The XFL Thursday announced that the league will return to the field for the 2022 season. The new ownership group and league executives are in the process of finalizing next steps for the relaunch with more details to be shared in the coming weeks and months.

Oct 01, 2020 12:10

Zomato, Swiggy 'realign' IPL biz strategy after Google notice

FOOD DELIVERY tech companies Zomato and Swiggy received notices from Google for violating its Play Store policies. The two companies had been promoting cashback schemes through fantasy sports features.

Sep 30, 2020 14:09

Caesars Entertainment to acquire William Hill for $3.7bn

RENO, Nev.: Caesars Entertainment, Inc. and William Hill PLC announced Wednesday that they have agreed terms wherein the US casino operator will acquire the British bookmaker for approximately £2.9 billion ($3.72 billion).

Sep 30, 2020 11:09

EB sporting rights transferred to Shree Cement East Bengal Fdn

KOLKATA: The executive committee of East Bengal Club has officially announced the transfer of sporting rights of the club to Shree Cement East Bengal Foundation. The club has also transferred all its assets and properties including their intellectual property to the new company, Goal.com reports.

Sep 29, 2020 19:09

90+ new brands advertised during 1st 4 IPL games: TAM AdEx

MUMBAI: TAM Sports has released the TAM AdEx Sports - IPL 13 Advertising Report, which has analysed data from the first four games of this year's 13th edition of the Indian Premier League and how it compares with IPL 12. As per the report, the Top 5 categories were dominated by 'E-commerce' sector' and accounted for more than 40% share of Ad Volumes during first 4 matches of IPL 13.

Sep 29, 2020 13:09

Centre appoints pharma secy Vaghela as new TRAI chairman

NEW DELHI: The Union government has appointed PD Vaghela as the new chairman of the Telecom Regulatory Authority of India (TRAI).

Sep 29, 2020 13:09

Leaders in Sports Awards: 2 ICC initiatives lauded

DUBAI: The International Cricket Council (ICC) has been recognised for two of its digital initiatives at the prestigious Leaders in Sports Awards 2019.

Sep 29, 2020 12:09

East Bengal set to play ISL as SC East Bengal: Report

KOLKATA: Following Shree Cement East Bengal Foundation’s acquisition of a majority stake in East Bengal FC and their successful bid to join the Hero Indian Super League from the upcoming season, the club will embark on its maiden ISL journey as the eleventh team in the competition.

Subscribe to Business Intelligence