Business Intelligence

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.

Sep 21, 2020 15:09
ZURICH: The 70th FIFA Congress convened remotely for the first time, as all the 211 member associations joined via videoconference on Friday. With a predicted drop of $120 million in revenue for the period 2019-2022 due to the COVID-19 pandemic, the FIFA Congress approved a revised budget for the four-year financial cycle.
Sep 21, 2020 13:09
BENGALURU: Diageo India managing director and CEO Anand Kripalu has been appointed by the British multinational beverage alcohol company as chairman of Royal Challengers Sports Pvt Ltd, the holding company of Indian Premier League franchise Royal Challengers Bangalore, effective October 1. 
Sep 18, 2020 18:09
MADRID: LaLiga and PortAventura World Friday announced a joint venture to create The Beat Challenge, a one-of-a-kind entertainment experience to be enjoyed both within PortAventura World and beyond. This follows a strategic agreement between the two entities seeking to link football and entertainment through various digital and physical experiences, while boosting tourism. 
Sep 18, 2020 16:09
MUMBAI: Emerging Media Sporting Holding - the parent company that owns Rajasthan Royals and second-highest shareholder of the three stakeholders that own the Indian Premer League franchise - is reportedly set to increase its stake in the franchise by 13.4%, through a proposed all-cash deal worth $26 million (Rs 1.9+ billion), pending BCCI approval.
Sep 18, 2020 15:09
MUMBAI: Close on the heels of fantasy sports platform Dream11's parent company Dream Sports raising $225 million in primary and secondary investment, Mobile Premier League (MPL) has reportedly closed $75 million in fresh financing led by SIG Global India Fund.
Sep 17, 2020 18:09
TORONTO: After two outstanding events in India, the only Sports Literature Festival in the world moves to Canada on September 18, for its third edition with an excellent roster of Canadian, and international sports authors and sport aficionados. 
Sep 17, 2020 17:09
ZURICH: World football's governing body FIFA estimates that the negative impact of the disruption wreaked by the COVID-19 pandemic in 2020 to be around $14 billion.     “The estimated impact of the disruption was around $14 billion,” Olli Rehn, who chairs the FIFA COVID-19 Relief Plan Steering Committee and who acts as FIFA Governance Committee deputy chairman, has stated. 
Sep 16, 2020 19:09
MUMBAI: Hansa Research has launched a syndicated study IPLomania, to delve into how brands can exploit the opportunity in a relatively new version of the Indian Premier League. From a marketing perspective, the revenue perception model will most certainly change … and brands can learn (and fine-tune their brand strategies) by recapturing the branding and advertising developments from IPL 2019.
Sep 16, 2020 18:09
NEW YORK: Lionel Messi and Cristiano Ronaldo top this year’s Forbes ranking of the highest-paid soccer players once again, after Messi resolved a weeks-long contract drama to land the top spot with $126 million, nudging out Juventus’ Ronaldo, who comes in at No. 2 with $117 million. 
Sep 16, 2020 17:09
MUMBAI: Close on the heels of raising $225 million in primary and secondary investment, sports technology company Dream Sports, parent firm of fantasy gaming platform Dream11, is reportedly in talks to acquire Bengaluru-based e-sports platform SoStronk. Moneycontrol, which reported on the development, could not offer clarity on the exact size of the SoStronk deal.