The PGA Tour, DP World Tour and the Public Investment Fund (PIF) have announced what they describe as a landmark agreement to unify the game of golf, on a global basis. The parties have signed an agreement that combines PIF’s golf-related commercial businesses and rights (including LIV Golf) with the commercial businesses and rights of […]

African pay-TV operator MultiChoice Group, payments platform specialist Rapyd and venture capital firm General Catalyst have unveiled a joint venture aimed at developing an integrated payment platform for Africa. The joint venture will operate under a new company, called Moment. Moment will offer expanded payment infrastructure for businesses across Africa to help them collect and […]

Sunil Bharti Mittal, the Indian billionaire telecoms tycoon and executive chairman of OneWeb, which is in the process of merging with Paris-based Eutelsat, said a secondary listing in London was a plan “we will deliver”. “The benefit is that you have a varied investor base to address to, but this is more a requirement of […]

Following the announcement on October 17th 2022, Vodafone Group has confirmed the completion of the sale of 50 per cent of its German FTTH company to Altice. The creation of the JV, called FibreCo, received European Commission approval in February 2023. FibreCo will deploy fibre-to-the-home to up to 7 million homes in Germany over a […]

TNT Sports will be the new name for the premium sports brand to be launched later in 2023 by the Joint Venture between BT Group and Warner Bros Discovery. The pair say the new name heralds an important step in the previously announced plans to unite the collection of premium rights from BT Sport and […]

Former CNN CEO Jeff Zucker, RedBird Capital Partners and International Media Investments (IMI) have partnered to create RedBird IMI, a joint venture investment vehicle focused on acquiring and investing in large scale media, entertainment and sports content properties on a global basis. RedBird IMI launches with initial committed capital of $1 billion (€931m). Zucker is […]

US multiplay operators Charter Communications and Comcast Corporation have revealed that their streaming platform joint venture will now operate and conduct business as Xumo, evolving the brand from a free ad-supported streaming TV (FAST) service to an entire entertainment ecosystem inclusive of streaming devices, content, and a platform for partners to reach audiences at scale. […]

BT has suggested that the formation of the sports joint venture between BT Sport and Eurosport UK will reduce reported BT Group revenue for FY23 by c.£300 million (€345m) to £350 million. In a regulatory filing, BT says that on a pro forma basis, it continues to expect sustainable revenue growth for FY23 and beyond. […]

Telcos Vodafone Group and Altice are creating a joint venture (FibreCo) to deploy fibre-to-the-home (FTTH) to up to 7 million homes over a six-year period. Vodafone’s next generation broadband network in Germany currently offers up to 1Gbps connections to over 24 million homes. This partnership with Altice is complementary to Vodafone’s clear upgrade plans for […]

SVoD service SkyShowtime will officially launch on September 20th, bringing its premium offering of exclusive entertainment to millions of homes across Europe. A joint venture of Comcast — parent company of NBCUniversal and Sky —  and Paramount Global, SkyShowtime will initially launch in Denmark, Finland, Norway and Sweden before expanding into the Netherlands later in […]