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Sports, digital to drive Viacom18 revenue for 'foreseeable future'

SportzPower Team

Apr 23, 2024 21:04

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Revenues at Viacom18, the media arm of Mukesh Ambani’s Reliance Industries Limited (RIL), grew by 49% for the 2023-24 financial year on the back of sports and news. The company’s revenues reached Rs 10,826 crore ($1.3 billion) in FY24 as compared to Rs 7,266 crore ($872m) in FY23.

Per the company’s statement, sports was the biggest driver of revenue growth for Viacom18.

EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) was significantly down however - from $28.3 million the previous year to $3.9m.

Apr 04, 2024 19:04

Record 35m tune in to first 10 matches of IPL: Disney Star

The Indian Premier League recorded a viewership of 350 million in its first ten matches, which is higher than any previous edition of the tournament, the event's official broadcaster asserted on Thursday.

Apr 04, 2024 19:04

Fixderma launches #HarDinSunscreen TVC with Delhi Capital squad

Skincare company Fixderma joins forces with Delhi Capitals. As a part of this collaboration the brand recently launched their #HarDinSunscreen campaign which aims to dispel common myths surrounding everyday sunscreen usage and build a daily skincare ritual around the same.

Apr 03, 2024 19:04

45+ new brands, 40+ new categories in 1st 7 IPL games: TAM Sports

MUMBAI: TAM Sports has released the TAM Sports - IPL 17 Advertising Update, which has analysed data from the first 7 games of this year's 17th edition of the Tata Indian Premier League, and for all the channels on which matches were telecast, and how it compares with IPL 16.

Apr 02, 2024 19:04

PCB awards home streaming rights for Pak vs NZ T20I series

LAHORE: The consortium of Tamasha and Trans Group FZE has been awarded live-streaming rights for the home T20I series against New Zealand and also the women’s home series against West Indies which involves five T20Is and three ODIs. In the public bidding process apart from Tamasha and Trans Group FZE, ARY Group, Tower Sports and Tapmad also took part in the process.

Apr 01, 2024 18:04

PUMA launches road sense campaign with Delhi Capitals squad

Sports brand PUMA India has released a campaign with partner Delhi Capitals’ players - Rishabh Pant, Ishant Sharma and Yash Dhull - to engage with the team’s fanbase.

Apr 01, 2024 17:04

F1 owner Liberty Media acquires MotoGP at $4.5bn+ valuation

Liberty Media Corporation, which owns and operates Formula 1, has announced an agreement to acquire MotoGP. Under the terms of Liberty Media's acquisition of MotoGP, Dorna Sports S.L., the exclusive commercial and television rights holder of MotoGP, will remain an independently run company attributed to Liberty Media’s Formula One Group tracking stock.

Mar 28, 2024 18:03

IPL 2024 opening day registers record-breaking TV viewership

The 17th edition of the TATA Indian Premier League opened to blockbuster viewership numbers, with 16.8 crore (168 million) unique viewers tuning in to watch the season’s first game between Chennai Super Kings and Royal Challengers Bengaluru on March 22, Disney Star, the tournament’s official broadcaster stated on Thursday.

Mar 28, 2024 18:03

Disney+ unveils new logo post Hulu amalgamation

Disney has officially introduced a new logo for Disney+. The new logo sees the original Disney blues being replaced by teal-ish glowing green colour. The freshly introduced green hue is christened "Aurora", paying homage to both the aurora borealis (a natural light display that predominantly occurs in the high-latitude regions around the Arctic Circle) and the lead character of Sleeping Beauty.

Mar 28, 2024 18:03

JioCinema Excitel 'Speed ka Man of the Match'

Excitel partners JioCinema for 'Speed ka Man of the Match' campaign

Excitel Broadband, a home internet start-up has reached the grounds of IPL 2024. It has partnered with Jio Cinema to launch a new campaign Speed ka Man of the Match during the Man of the Match award presentation for IPL 2024.

Mar 28, 2024 18:03

'NBA 360' to be available for free on the NBA App

The National Basketball Association (NBA) announced Thursday that the league’s live whip-around show - “NBA 360” will be available for free on the NBA App in India on Saturdays from March 30 through April 6 from 5 a.m. – 8:00 a.m. IST.

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