Reliance's digital streaming platform has just thrown down another gauntlet at its international rivals. After streaming the Indian Premier League and a number of award-winning entertainment offering, mostly for free, JioCinema has announced its new subscription offering, ‘JioCinema Premium’ at a price point that is expected to cause massive market disruption.
Investments
Apr 04, 2024 19:04
Centre Court Capital (CCC), a sports-focused venture capital fund, announced the launch of its maiden Rs 350 crore ($42m) fund on Thursday, of which it has already secured Rs 200 crore in commitments from marquee domestic investors and top athletes.
Apr 03, 2024 19:04
Private equity firm Silver Lake, the largest investor in Endeavor Group Holdings, Tuesday announced a definitive agreement to take the global sports and entertainment company private at an equity value of $13 billion.
Under the terms of the agreement, Silver Lake will acquire 100% of the outstanding shares it does not already own, other than rolled interests.
Apr 03, 2024 19:04
CHENNAI: Indian Super League franchise Chennaiyin FC and English club Norwich City FC Wednesday announced a strategic partnership aimed at fostering mutual growth, innovation, and collaboration in football.
Apr 02, 2024 19:04
WEST PALM BEACH, Fla: USPA Global has announced that U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has delivered a record $2.4 billion in global retail sales in 2023.
Apr 01, 2024 17:04
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
NEW YORK, NY: GroupM, WPP’s media investment group, Wednesday announced its commitment to double media investment for annual women’s sports with the creation of a dedicated marketplace.
Mar 19, 2024 20:03
MUMBAI: The sports business in India stood at Rs 15,766 crore ($1.9 billion approx) in 2023. Tellingly, cricket’s (read Indian Premier League in particular) share of this is 87 per cent, up from 85 per cent in 2022. All other other sports, including football, kabaddi, hockey, badminton, to name some prominent ones, account for the remaining 13 per cent.
Mar 19, 2024 20:03
BENGALURU: Sports tech company Game Theory has forged a strategic partnership with Credence Family Office, a leading multi-family office.
The collaboration aims to accelerate Game Theory's expansion plans to bring its multi-sport facilities and immersive training platforms to more sports enthusiasts across Bengaluru.
Mar 18, 2024 20:03
French sports retailer Decathlon is accelerating its investments to ramp up production and enhance its retail presence further in India, one of its "most important" global markets, its Global CEO Barbara Martin Coppola has said.
Mar 18, 2024 20:03
PORTO, Portugal: Football superstar Cristiano Ronaldo has announced the upcoming launch of "all-in-one" wellness app Erakulis, of which he is also the founder.