Media

Luna Corporation, the holding company for the South African sport and media company, SAIL, has acquired 4million ENIC shares worth R56m, in a part share swap deal which gives Richemont SA and the Rembrandt Group a 22% and 14% stake in Luna Corporation.

UK terrestrial digital broadcaster ONdigital has secured exclusive live coverage of the Tennis Masters Series and the Tennis Masters Cup.

ESPN and Princeton Video Image (PVI) have announced an expanded use of virtual advertising in the 2000 Major League Baseball season.

Rivals.com has closed a $35 million equity investment from SOFTBANK Capital Partners.

The online betting market in the UK has boomed in recent weeks with a string of significant, big money, deals being struck.

British satellite broadcaster BSkyB and cable company NTL are competing with each other to forge an alliance with sports web site operator Sport Internet, according to a report in London?s Financial Times.

Yahoo! Sports has launched an enhanced site, emphasising more integrated audio and video broadcast streaming, expanded international and local event coverage, as well as sports shopping and auctions e-commerce capabilities.

The Los Angeles city council could increase city funding for an NFL expansion team. While council members rejected more public funds up front, they did agree to negotiate with the league and the state to see if future public funds could be used.

Eurosport has appointed Jean-Pierre Paoli as its new managing director.

FOX Sports World (English-language) and FOX Sports World Espanol (Spanish-language), have announced their acquisition of the exclusive U.S. broadcast rights to the CONCACAF Champions Cup, the premier international club competition for CONACAF members, beginning September 28.

Over the years sport has been shaped by many great teams and partnerships. Now there is a new pairing which promises to impact on the sports business in a most dramatic way.

Rick Raducha, president of Driver Connection, in Connecticut, and Patricia Baker, media and marketing director of The Big Picture Agency in Massachusetts, have formed `Corporate Motorsports? to support businesses scrambling to sign race teams in an attempt to cash in on the high marketing value found in autoracing.

Fast Track has won a major contact outside its core athletics business as it looks to expand its consultancy operation into other sports.

A recent research project by Sports Marketing Surveys on the Cricket World Cup has shown how successful sponsorship is amongst cricket fans in creating brand awareness.

NBC Quokka Ventures, has announced that Randy Falco, the president of NBC Television Network and chief operating officer of NBC's Olympic broadcast group, has joined its board of directors.

The English Premier League is to make a ruling over whether British Sky Broadcasting can keep a stake of more than 10 percent in champions Manchester United while also holding shares in Premiership rival Leeds United ? the latest stage in a long-running saga over media company ownership.