IPL

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

SportzPower Team

Apr 23, 2024 21:04

Read more about Sports, digital to drive Viacom18 revenue for 'foreseeable future'
Log in to post comments

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

Royals to solar power 6 homes for every 6 hit in #PinkPromise match

JAIPUR: IPL franchise Rajasthan Royals Thursday committed to power six homes with solar power for every 6 that is hit by both the teams during their #PinkPromise match against the Royal Challengers Bengaluru on Saturday in Jaipur, with the stated objective of amplifying and supporting women-led transformation in Rajasthan.

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 04, 2024 19:04

Ravindra Jadeja Kinara Capital ad campaign

Ravindra Jadeja fronts Kinara Capital ad campaign

Kinara Capital, a fintech driving vast MSME financial inclusion, today launched its latest advertising and brand campaign under the theme of ‘Aapka Business Chale NonStop with Kinara’ featuring the all-rounder Indian cricketer Ravindra Jadeja as a superhero. The cricketer has been representing Kinara Capital as its official brand ambassador for the past three years.

Apr 03, 2024 20:04

India, Oz, England cricket boards in talks to revive CLT20

A decade after its last edition was played, “active conversations” are reportedly taking place between the cricket boards of India, Australia and England to revive the Champions League Twenty20 (CLT20), a club-based international T20 competition.

Apr 03, 2024 19:04

Rajasthan Royals launches cricket academy in Pune

PUNE: Royals Sports Group-owned franchise Rajasthan Royals on Tuesday announced the launch of an academy in Pune, expanding its footprint in the state of Maharashtra. The facilities at the JusCricket Academy in Pune will become the newest addition to the growing Royals’ Academy ecosystem, and will be rebranded as the Rajasthan Royals Academy, Pune.

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 03, 2024 19:04

Asian Paints appoints Virat Kohli as brand ambassador

Asian Paints, a paint and décor company, announces the onboarding of Virat Kohli as the brand ambassador for their upcoming new launch - Neo Bharat Latex Paint. Asian Paints has consistently introduced products that redefine standards, and Neo Bharat Latex Paint is set to galvanise the category yet again.

Apr 03, 2024 19:04

Gujarat Titans players Capri Global campaign

Capri Global launches brand campaign with Gujarat Titans players

Capri Global Capital, a non-banking financial company and a sponsor of team Gujarat Titans in the IPL, has launched a new series of brand films linked with their campaign, 'Farz Nibhaatey Hain'.

Apr 02, 2024 19:04

EaseMyTrip is Rajasthan Royals' 'Travel and Experience Partner'

NEW DELHI: Travel tech platform EaseMyTrip.com is the Official Travel and Experience Partner with Royals Sports Group-owned franchise Rajasthan Royals for the ongoing 2024 season.

Apr 02, 2024 19:04

MI onboards Goldi Solar as Solar Energy Partner

Goldi Solar announces its partnership with Mumbai Indians, five-time champions, as their Official Partner and Official Solar Energy Partner for the season.

Subscribe to IPL