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
Nov 27, 2019 17:11
LOS ANGELES: International soccer icon Zlatan Ibrahimović will continue his relationship with AEG, the world’s leading sports and live entertainment company, by acquiring 50% of AEG’s ownership interest in Hammarby Fotboll, one of the largest and most well-known soccer clubs in Sweden.
The Stockholm-based club competes in Sweden’s first tier Allsvenskan and plays its home matches at Tele2 Arena.
Nov 27, 2019 13:11
MANCHESTER: City Football Group, parent company of English Premier League champions Manchester City FC, has concluded a major investment deal with tech investment giants Silver Lake.
United States-based Silver Lake has signed a definitive agreement to make a $500 million equity investment, equivalent to just over 10% of the company’s post-investment value.
Nov 06, 2019 17:11
NEW YORK: Bruin Sports Capital (Bruin), the privately held global investing, operating and holding company Tuesday announced a wide-ranging, long-term strategic partnership with private equity firms CVC Capital Partners (CVC) and The Jordan Company (TJC).
Oct 29, 2019 16:10
DA NANG, Vietnam: The Asian Football Confederation (AFC) will mark the start of a new era of national and club team competitions by further investing in the AFC Women’s Asian Cup and the AFC Champions League.
Oct 15, 2019 06:10
LONDON: UK-based investment firm Hiro Capital has launched a €100 million VC fund focused on games, esports, and digital sports companies.
Leading a team with more than 100 years collective experience in these sectors, the partners will use the fund to accelerate the growth of about 20 UK and European "games and sports innovators".
Oct 09, 2019 19:10
MUMBAI: The franchise-based X1 Racing League - a concept brought to fruition within an 18-month time frame by Indian racers Armaan Ebrahim and Aditya Patel - will hit circuits on November 30-December 1 in New Delhi and December 7-8 in Chennai.
The six-team league, which revealed the names of five of six franchise owners at a launch event here Wednesday, will be powered by JK Tyre Motorsport.
Oct 04, 2019 06:10
MIAMI: The world's first dedicated esports racing arena will be built by Millennial Esports Corp in Miami with the state-of-the-facility scheduled to open in 2020.
Sep 21, 2019 14:09
NEW YORK: Global wellness brand Zeel, popularly known as the 'massage on demand" company, Friday announced the addition of Venus Williams — one of the world's leading professional athletes and an accomplished entrepreneur — as a member of its board of directors, shareholder, and key advisor to its new Zeel@Sports division.
Sep 12, 2019 14:09
NEW YORK: Close on the heels of "making its way to India", HYPE Capital, which recently led the investment rounds of two promising startups "Fun with Balls" in Germany and "Tokabot" in Israel, is now expanding its VC fund in the US.
Aug 28, 2019 17:08
MUMBAI: Even as the Infrastructure Leasing & Financial Services (IL&FS) fire continues to take a toll of the players, auditors and rating agencies being the latest, with new reports of mis-governance unravelling by the day, Indian Premier League franchise Chennai Super Kings has also come under the scanner.