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...Despite Flutter’s plan to retain a secondary listing in London, UK rotation requirements do not apply because the company is incorporated in Ireland....
...The UK-based group is hoping that sports will be a key differentiator in the fight — not just against other broadcasters but also against the large US tech giants — to be the primary entertainment subscription...
...I’m a TV guy, I love it,” he said, pointing to areas he wanted to strengthen such as financial news, and coverage in areas such as healthcare, climate and sports and entertainment....
...Netflix has been pushing further into sports-related content, including a $5bn deal to live stream World Wrestling Entertainment’s flagship Raw programme in the US over the next decade....
...It has avoided live sports both because of the high cost but also the technical and cultural challenges of combining streaming and sports....
...HOLD: Flutter Entertainment (FLTR) A calculated expansion into the huge US gaming market pays off for Flutter, writes Julian Hofmann....
...Netflix executives have long played down any interest in pursuing live sports deals even as rival streaming services from Apple and Amazon have started to screen professional sports to attract subscribers...
...As chair of ESPN, the sports network, he will need to draw heavily on his experience in digital media as he shifts the cable TV giant into a full streaming service next year....
...WWE’s scripted “sports entertainment” content fitted with Netflix’s business, he said, but the company was not interested in bidding for conventional sports rights....
...on Britain’s public service broadcasters....
...The new ESPN app will be separate from the new sports streaming service that Disney announced this week along with Fox and Warner Bros, which will aggregate all of the games offered by their traditional...
...Sport remains the biggest draw for traditional TV, but analysts say the success of the as-yet unnamed service may depend largely on the monthly subscription price....
...A major shift will occur next year when the ESPN sports network, a longtime profit machine, will become available as a streaming service....
...Blavatnik separately owns DAZN, the sport streaming service....
...Disney, Warner Brothers Discovery and Fox said they will pool their live sports programming into a comprehensive streaming service....
...Morfit described Disney as “the world’s leading entertainment company”, adding it had “the best intellectual property, sports brand and parks and experiences assets in the industry”....
...The $200mn investment for a 5 per cent share of Monumental Sports and Entertainment valued the group at more than $4bn....
...Since the Tokyo Olympics in 1964, Seiko has provided timing and measurement services for sports ranging from swimming to speed skating....
...But there is a wider lesson: the superstar effect is expanding in sports, entertainment and marketing. Wall Street used to be an outlier in the way it paid its stars but now looks more ordinary....
...He’s the new president of Kilmer Sports Ventures, the group owned by Canadian tycoon Larry Tanenbaum, who chairs Maple Leaf Sports and Entertainment, owner of the National Hockey League’s Toronto Maple Leafs...
...The entertainment giant, unable to resist a last jab, said that it had won by a “substantial margin”. Peltz ultimately got about 31 per cent of the total vote....
...His RedBird vehicle now has $10bn of assets under management, according to the private equity group, with 70 per cent of its investments in sports, media and entertainment and the rest focused on insurance...
...Its clients include FanDuel, DraftKings, BetMGM, Caesars Entertainment and ESPN Bet, which between them account for more than 90 per cent of US online sports betting....
...The world’s largest traditional entertainment companies face a reckoning in 2024 after losing more than $5bn in the past year from the streaming services they built to compete with Netflix....
...“Given the fact that linear TV is profitable and . . . the fact that relatively low-cost local general entertainment now has found a strong resting place on streaming, Disney/Star’s entertainment assets...
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