Media

Formula E, the electric single-seater racing series, has revealed a loss of €42.4m for the financial year ending September 30, 2023, closing the gap on the previous year's €65m shortfall.

ATP Media registered revenues of $202.9m in 2023 and a profit of $4m, SportBusiness understands, thanks in part to the aggregation of ATP 250 rights and the return of the Shanghai Masters for the first time since 2019.

Events covered by French listed rights legislation have been updated for the first time since 2004 with mandatory free-to-air access introduced for the Paralympics, women's sports and semi-finals of certain events with French participation.

Recast, the Edinburgh-based digital media technology company rescued from administration nine months ago after amassing significant losses, has closed a $5m funding round led by US-based venture capital firm Morpheus Ventures.

Extreme E’s transformation into Extreme H will turn Alejandro’s Agag’s sustainable off-road odyssey into a far more commercially-focused property, centring the interests of its Saudi backers and attracting new partners such as Red Bull to the sport.

The European Broadcasting Union has held on to exclusive biathlon rights worldwide for four more seasons after its member broadcasters continued to register strong audiences for International Biathlon…

The Dallas Stars is set to become the first US major league sports franchise to offer free direct-to-consumer streaming of its games in a landmark move

After almost a year of negotiations with prospective buyers, Paramount Global has reached a deal with Skydance Media to form ‘New Paramount’ in an agreement that places the enterprise value of the merged entity at $28bn.

Sky New Zealand has recruited Disney Star’s Gary Burchett, an experienced programming and sports production executive, as its head of sports content.

Nuno Lobo, a candidate for the presidency of the Portuguese FA, has described the move to centralisation of media rights in the top division as "essential" but questioned the lofty €300m per year financial targets being set by the league.

The board at France’s Professional Football League (LFP) met today (Friday) to evaluate last-minute rights offers in a bid to finally settle broadcast plans for the 2024-25 season, which begins in just s…

Experts polled by SportBusiness say there is a growing disparity between how buyers and sellers value women's football media rights, resulting in stalemates at negotiating tables and leaving the sector at significant risk of plateau.

Sport1's licensing of “docutainment” programming and rollout of a sports reality format developed by co-owner Acunmedya is indicative of a major cutback in sports rights investment, according to one German market expert.

Viaplay's impending exit from Poland as part of a wider international retrenchment will result in a new Bundesliga broadcaster in the country as rights return to Eleven Sports.

Guillermo Santa Cruz and James Tree, two of IMG’s most senior executives in the Americas, are leaving the agency.

Stanley Cup champion Florida Panthers has left Diamond Sports Group and signed with Scripps Sports to broadcast the team's games for free to the local area in South Florida