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
Feb 01, 2021 19:02
NEW DELHI: In the Union budget presented in Parliament on Monday for the financial year 2021-22, the Central government allocated Rs 2,596.14 crore (Rs 25.9614 billion) for sports, a reduction of Rs 230.78 crore (Rs 2.3078 billion) from what was allocated in the previous fiscal, IANS reports.
Jan 29, 2021 17:01
NEW DELHI: Investment in Indian football has "increased tenfold" in the last decade, All India Football Federation general secretary Kushal Das asserted on Friday, even going so far as to say that the Beautiful Game will be the country's sport of choice in the coming years.
Das also said one of the AIFF's major goals in the near future is to develop the women's game in a big way.
Jan 28, 2021 20:01
MUMBAI: Bengaluru FC owner Parth Jindal has raised the alarm over what he claims are continued operating losses that Hero Indian Super League franchises are having to bear in a letter to league founder and chairperson Nita Ambani, seeking her "counsel and guidance on this matter".
Jan 28, 2021 19:01
MUMBAI: E-sports and mobile gaming platform Mobile Premier League (MPL) announced Thursday that it had raised $500,000 (about Rs 36.5 million) from existing employees as part of its Employee Investment Plan.
The Employee Investment Plan, which was announced in December 2020, was open to all employees of MPL. They could invest anywhere between $2,300 and $23,000 in the company to acquire stock.
Jan 27, 2021 18:01
AHMEDABAD: Ahmedabad-based Shri Enterprise, engaged in providing training to emerging talents in the field of sports, in association with Aarka Sports, on Monday announced the launch of MS Dhoni Cricket Academy in Gujarat's commercial capital.
Jan 27, 2021 13:01
LONDON: Leeds United Football Club and the San Francisco 49ers – led by chairman Andrea Radrizzani and CEO Jed York, respectively – have announced a new investment by an entity affiliated with the 49ers, bringing the total minority ownership stake in Leeds United managed by 49ers Enterprises to 37%.
Jan 27, 2021 12:01
MUMBAI: Reliance Industries Ltd. announced Wednesday the rebranding of its sports & lifestyle business to ‘RISE Worldwide Limited’ as it independently ventures into the burgeoning industry in India and globally.
RISE Worldwide will continue to drive the full portfolio of owned and operated brand properties formerly under the banner of IMG-Reliance Limited.
Jan 22, 2021 13:01
MUMBAI: Foodtech major Zomato, which has been in talks to acquire full-stack sports platform Fitso since September, has reportedly closed the deal for a 100% stake in the Gurugram-based company at a price of Rs 800 million to Rs 1 billion.
This is the first acquisition by Zomato it bought out UberEats in January 2020.
Jan 20, 2021 17:01
LAS VEGAS: MGM Resorts International announced Tuesday it had rescinded its offer to buy Ladbrokes-owner Entain plc, saying it does not intend to submit a revised proposal for the British firm that snubbed an $11 billion takeover approach earlier this month.
Jan 20, 2021 16:01
IRVINE, Calif.: Allied Esports Entertainment, Inc., a global esports entertainment company, and Element Partners, LLC, a privately-held investment vehicle, have announced a definitive agreement under which Element will acquire the company’s poker-related business and assets, including the entities comprising the World Poker Tour (WPT).