Investments

NCLT admits Viacom18-Disney Star merger scheme

Last updated : May 20, 2024 13:05

SportzPower Team

May 17, 2024 11:05

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The merger scheme between Reliance Industries Limited’s (RIL) Viacom18, its wholly owned subsidiary Digital18 and The Walt Disney Company’s Star India has been admitted by the Mumbai bench of the National Company Law Tribunal (NCLT). In an order passed on May 7, Viacom18, as part of internal restructuring, has proposed to transfer the various businesses conducted by it into its wholly-owned subsidiary, namely Digital18. Viacom18 proposed to be the holding company for the various businesses.

May 19, 2023 11:05

Sony-Zee merger likely to be completed in first half of FY24

SONY CORP'S CEO Kenichiro Yoshida has said that the company is expecting to complete the merger of its Indian broadcasting arm Culver Max Entertainment (aka Sony Pictures Networks India) with Zee Entertainment Enterprises Ltd in the first half of this fiscal year.

May 16, 2023 19:05

Sachin Tendulkar makes strategic investment in AZAD Engineering

HYDERABAD: AZAD Engineering, a leading provider of engineering and technology solutions, on Monday announced that cricket legend Sachin Tendulkar has made an undisclosed strategic investment in the company. Hyderabad-based AZAD Engineering is an engineering and technology solutions provider for global OEMs in the Clean Energy, Aerospace, Defence, Oil & Gas and SPS Industries.

May 15, 2023 17:05

DAZN to set up product development centre in Hyderabad

HYDERABAD: A global leader in sports live streaming, DAZN, has announced a Product Development Centre in the city, a day after banking finance sector major London Stock Exchange Group announced its Technology Centre of Excellence in Hyderabad,

May 10, 2023 16:05

Endeavor releases Q1 2023 Results: Net income $36.3m

BEVERLY HILLS, Calif.: Endeavor Group Holdings Tuesday released its financial results for the quarterly period ended March 31, 2023. While revenue generated by the global sports and entertainment company stood at $1.597 billion, net income was $36.3 million.

May 08, 2023 18:05

CricViz opens Mumbai office; Subhayu Roy to lead India ops

MUMBAI: CricViz, which lays claim to being the world’s leading cricket data and analytics provider, has taken another step in its global expansion plan by opening an office in Mumbai and the appointment of experienced sports executive Subhayu Roy to head its India operations.

May 04, 2023 19:05

Infosys Foundation GoSports 'Girls for Gold’

Infosys partners GoSports' 'Girls for Gold’ prgrm, grants Rs30cr

BENGALURU: Infosys Foundation, the philanthropic and CSR arm of Infosys, is collaborating with GoSports Foundation to build the ‘Girls for Gold Program’, a high-performance excellence program for junior and emerging women athletes.

May 03, 2023 18:05

Hype Sports Innovation ups US focus; Peter Hutton on board

TEL AVIV, Israel: Sportstech startups incubator Hype Sports Innovation announced Wednesday that sports industry veteran Peter Hutton will be joining their board of sports and tech professionals.

May 03, 2023 18:05

WWE reports Q1 2023 results; net income down 44%

STAMFORD, Conn.: WWE Wednesday announced financial results for its first quarter ended March 31, 2023. while strategically, the highlight of the quarter was the sale of the company to Endeavor, on the financial side, earnings were down on all fronts - revenue, operating income, adjusted OIBDA and net income.

Apr 28, 2023 19:04

Wasserman launches sports & entertainment investment arm

LOS ANGELES: Global sports, music and culture agency Wasserman has launched a new division - Wasserman Ventures - and named Darren Ross as its EVP & managing director.

Apr 25, 2023 19:04

‘Boundaries North’ launched to drive cricket growth in Canada

TORONTO: Cricket Canada and WEIC Sports United have announced a new strategic alliance to grow cricket in Canada with a goal to make the sport a key pillar of Canada’s sport ecosystem. A newly formed strategic alliance known as Boundaries North will lead a series of new initiatives across Canadian cricket.

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