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...With a presence in 11 countries, Wellhub is a rare instance of a Latin American technology business accomplishing success outside of the region....
...Yahoo recently acquired sport betting app Wagr to add to its sports businesses. “There’s a lot that we’re going to do against every vertical we already own....
...EV start-up Niutron has taken a similar route after failing to receive approval for its debut sport utility vehicle....
...The trio will provide their live sports content via one streaming platform. Sports-as-a-package is already widely available. It is the backbone of traditional linear pay TV....
...It has avoided live sports both because of the high cost but also the technical and cultural challenges of combining streaming and sports....
...Despite Flutter touting its superior technology, competitors are quick to copy once a new product proves successful, points out Peel Hunt’s Ivor Jones....
...“This platform is not in the business of acquiring sports rights,” said the person involved in the new business....
...Hybrids, on the other hand, use older technology and offer automakers lucrative production-cost advantages....
...The deal, which starts in January 2025, will significantly expand Netflix’s use of the technology that is required to broadcast live sporting events....
...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....
...Fundraising volumes have risen, with about $3.5bn raised compared to just $500mn in the same period in 2023, according to Dealogic, but the two largest deals — sportswear maker Amer Sports and healthcare...
...A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...The company, run by entrepreneur Amir Hossein Sharifian, used high-profile endorsements to drive sales, with Iranian sports figures and other celebrities using their star power to lure in thousands of victims...
...Perrette did not rule out involvement in future consolidation in the US media sector, pointing to the decision to bring together its sports content with rivals ESPN and Fox into a single bundle as a step...
...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....
...The US electric-vehicle maker most recently offered incentives worth as much as Rmb34,600 ($4,800) to lure Chinese consumers to purchase Model 3 sedans and Model Y sport utility vehicles....
...For ESPN, Penn offers expertise in the gambling sector and the technology to power the new app, which the casino group acquired in its $2bn takeover of Canadian gaming app theScore in 2021....
Selling players at a profit helps offset the club’s huge wage bill
...Ahead of the launch, EA Sports FC became the title sponsor of La Liga, Spain’s football league, replacing Santander....
...The broadcast will feature most of the same commercials as CBS but feature separate brands for children, such as toy makers, instead of ads from beer or sports betting companies....
...“TV advertising is falling far short, cord-cutting is continuing to accelerate, sports costs are going up and the movie business is not performing,” he said....
...A controversial appearance of Barbie on the cover of the 2014 Sports Illustrated Swimsuit edition, also harmed the brand....
...JPMorgan Chase has named Eric Menell and Gian Piero Sammartano to new roles as heads of the bank’s sports investment banking coverage....
...He has said that moving live sports from television to streaming is not a matter of “if, but when”....
...Yet the financial reality of sports betting is gloomier. Heavy investment in marketing and technology to acquire customers has led to industry losses in the billions....
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