Investments

MUMBAI: India’s growing reputation as a potential racquet sports hub is all set to get a massive boost with the launch of the World Pickleball League (WPBL), the first-ever professional pickleball league, envisaged by Natekar Sports and Gaming (NSG) and Sony Entertainment Talent Ventures India (SETVI).

NSG, is a company promoted by ‘former Davis Cup star and Arjuna Awardee Gaurav Natekar and his wife, ‘Arati Ponnappa Natekar, also a former India #1 in Tennis. SETVI is a joint venture between Sony Music Entertainment and Sony Pictures Entertainment.

Aug 11, 2022 16:08
The Walt Disney Company has lowered its 2024 forecast for its Disney+ streaming service to 215 million to 245 million subscribers, down 15 million on both the low end and high end of the company’s previous guidance of 230-260m paid subscribers.
Aug 10, 2022 12:08
NEW YORK: Digital sports media company Overtime has raised another $100 million in a funding round led by Formula 1's commercial rights holder Liberty Media Corporation. Overtime announced Tuesday that it raised $100m in Series D funding led by Liberty Media and return investor Counterpoint Global (Morgan Stanley). 
Aug 09, 2022 17:08
MUMBAI: As India approaches its 75th year of Independence, Ultimate Kho Kho and Sony Sports Network are preparing to launch the inaugural season.  Starting August 14, Sony Sports Network will broadcast the league in five languages on Sony TEN 1 (English), Sony TEN 3 (Hindi & Marathi), and Sony TEN 4 (Telugu & Tamil). The league will also be available to livestream on their premium OTT platform SonyLIV. 
Aug 09, 2022 14:08
MUMBAI: JSW Group scion Parth Jindal, the driving force behind JSW Sports, has reached out to Mahindra & Mahindra (M&M) chairman Anand Mahindra, seeking his support for Indian sports and institutions like the Inspire Institute of Sport (IIS).
Aug 04, 2022 18:08
DUBAI: The recently launched United International Baseball League (UIBL), a professional baseball league created to serve India, Pakistan and the Middle East, expanded its sports marketing and brand sponsorship infrastructure Wednesday by purchasing a stake in sports management and marketing firm BSB Sports.
Aug 03, 2022 18:08
Seven-time Formula 1 world champion Lewis Hamilton has joined the ownership group of NFL franchise Denver Broncos. Hamilton was Tuesday named a limited investor to the Walton-Penner Group, which agreed to purchase the Broncos for an American sports franchise record $4.65 billion in June. 
Aug 03, 2022 16:08
KOLKATA: Third time lucky? East Bengal FC's long suffering fans would certainly be hoping so. The storied football club Tuesday completed the formalities of entering into a joint venture investment agreement with Kolkata-based multinational conglomerate Emami Group, forming a new company - Emami East Bengal FC Private Limited.  
Aug 03, 2022 15:08
NEW DELHI: Two years after reports first surfaced that ITC was looking to shut down its premium retail brand Wills Lifestyle as part of its larger strategy to restructure and remodel the loss-making lifestyle retailing vertical, the FMCG major on Tuesday announced its exit from the segment.   The decision was made after a strategic review of its business portfolio, the company said in a regulatory filing. 
Aug 01, 2022 12:08
MUNICH: German asset management firm Aurelius announced Monday the acquisition of Footasylum, one of the leading retailers of fashion streetwear and sportswear in the UK, from Britain's largest sportswear retailer JD Sports Fashion (JD Sports), in a transaction with an enterprise value of approximately €45m (£37.5m).
Jul 29, 2022 18:07
MUMBAI: With three competing Twenty20 leagues scheduled for next January, the Emirates Cricket Board-backed ILT20 has reportedly set an early marker to ensure marquee T20 players sign on the dotted line. Not surprisingly, it's all about the money.