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Sport
Bridgepoint rejected higher bid for MotoGP from Ari Emanuel’s TKO
...TKO owns the Ultimate Fighting Championship and World Wrestling Entertainment....
April 5, 2024
Liberty Media Corp
Formula One owner closes in on €4bn deal for MotoGP
...Liberty, which is chaired by telecoms and entertainment billionaire John Malone, is poised to agree the takeover of Dorna Sports after seeing off a rival bid from TKO, the sports and entertainment group...
March 27, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
News in-depthGames industry
PlayStation sales and blockbuster games propel console market back to growth
...console market — including hardware, software and services — is set to rebound 7.2 per cent this year to $60.9bn, after a 7.3 per cent decline in 2022, according to data from Ampere Analysis, the research group...
December 20, 2023
Warner Music Group Corp
Warner Music takes majority stake in label run by son of top rival
...Warner in 2021 agreed to buy hip-hop label 300 Entertainment for more than $400mn, as well as Russian indie label Zhara Music. Sony Music in 2021 paid $430mn to buy independent music company AWAL....
September 5, 2023
Technology sector
Australia threatens action against Meta after Facebook news payments axed
...Meta and Google struck deals in 2021 to pay Australian media companies, including News Corp, newspaper publisher Nine Entertainment and a host of smaller websites, broadcasters and regional newspapers, an...
March 1, 2024
LexWarner Bros Entertainment Inc
Warner Bros/Paramount: bloated structures should curb ambitions
...But a buyer would be foolish to pay a premium price for the group, given regulatory and integration challenges....
December 21, 2023
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Indian business & finance
Sony ready to abandon $10bn Zee deal that would create Indian media powerhouse
...Sony is prepared to call off a merger agreement between its Indian arm and Zee Entertainment, the subcontinent’s largest listed media group, following numerous delays to complete a deal that would create...
January 9, 2024
Indian business & finance
Sony calls off $10bn Zee merger in India after two years of talks
...Sony has called off its merger with Zee Entertainment, ending its agreement with the Indian media group two years after striking an ambitious deal to create a $10bn entertainment powerhouse in the world’...
January 22, 2024
News in-depthGames industry
Game over? Industry suffers slowdown after decades-long winning streak
...After the PlayStation 5 surpassed 50mn units in December, Hiroki Totoki, Sony’s group president and interim head of its gaming unit, said this week that it was “entering the latter half of the console cycle...
February 17, 2024
News in-depthSony Corp
Sony’s fraught $10bn deal reveals Hollywood’s struggle to crack India
...If that deal happens, it will be the latest instance of international media groups scaling back or exiting India, a group that includes Warner Bros....
January 19, 2024
Donald Trump
Trump unlocks potential $3bn windfall after social media Spac deal
...The Florida-based business also plans to launch Truth+, which will provide what it called “non woke” entertainment to the American public....
March 22, 2024
Global Economy
Moody’s points to further pain after surge in corporate defaults
...Among bankruptcies late last year were US medical ambulance group Air Methods, which cited its “unsustainable” debt load, while personal loan marketplace LendingTree implemented a transaction known as a...
January 17, 2024
News in-depthStreaming services
‘Shakeout has begun’ after $5bn streaming loss for Netflix rivals
...The terms of the Warner-Discovery merger barred the group from dealmaking for two years. That period expires on April 8....
December 28, 2023
The Big Read
Formula One’s growing pains
...Andretti, who is backed by Guggenheim Partners chief Mark Walter’s Group 1001, says his team could help F1 increase its commercial appeal in the US....
March 1, 2024
News in-depthSony Corp
Sony takes on Disney and Mukesh Ambani in India with Zee merger
...Last month’s approval of a deal between the Japanese giant and Zee, India’s largest listed media group, cleared the way for the creation of a $10bn entertainment conglomerate with more than 70 Indian TV...
September 3, 2023
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Indian business & finance
India approves Sony-Zee merger to form nation’s biggest media company
...The Sony-Zee merger comes as India’s once-fragmented media landscape coalesces into ever-larger groups....
August 10, 2023
Due Diligence
SoftBank’s real life problems in 2024 Premium content
...She joins from private equity group Carlyle....
January 9, 2024
The Top LineChristopher Grimes
Paramount sale talks point to Hollywood post-streaming boom hangover
...For Shari Redstone, who longed for years to run some of the most powerful brands in the entertainment business, this cannot be the outcome she had in mind....
December 15, 2023
News in-depthParamount Pictures Corp
Redstone and Ellison plot complex finale to Paramount family drama
...Ellison entered Hollywood as an outsider and was initially viewed as an example of “dumb money” — wealthy individuals who naively invest in the glamour of entertainment....
February 2, 2024
LexSony Corp
Sony: with game over for Ryan, PlayStation needs new ringmaster Premium content
...Profits are weakening at the Japanese entertainment group. Meeting PlayStation targets for this year will be tough. Ryan will be hard to replace. He oversaw the launch of PlayStation 5....
September 28, 2023
News in-depthPrivate equity
Private equity resorts to buying back companies after IPO flops
...And Silver Lake said last month that it was considering taking entertainment group Endeavor private again after the company and its chief executive Ari Emanuel became frustrated with lacklustre share price...
November 20, 2023
The Big Read
How unions are fighting a boardroom battle at Starbucks
...The New York-based firm controls about $3bn worth of Disney shares, the majority of which belong to Peltz’s friend, the former chair of Marvel entertainment Isaac “Ike” Perlmutter, who was ousted from the...
January 24, 2024
Special ReportWomen in Business
Skims co-founder Emma Grede: ‘I’m trying to create a pathway for people like me’
...In 2008, at the age of 26, she founded ITB, a London-based talent management and entertainment marketing business, with funding from Saturday Group, her now husband’s fashion marketing agency....
March 8, 2024
Raine Group LLC
The Broadway producer orchestrating SoftBank’s Arm IPO
...On Tuesday, Endeavor announced the completion of its deal to acquire World Wrestling Entertainment and house it under a newly listed entity that also includes UFC....
September 13, 2023
LexSony Corp
Sony: more features for PlayStation are best bet for sales growth Premium content
...The Japanese entertainment group is raising the price of its core gaming PlayStation Plus subscription service by about a third to as much as $159.99 annually....
September 1, 2023

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