Van Wagner Sports Invests In CineSport Puma Reports Decline In Q1 Earnings ESPN Helps Boost Disney's Q2 Income IMG Reportedly Rejected $2B Bid SMI Reports Loss Of $1.3M For Q1 Callaway Golf Sees $42M Q1 Profit UA Exceeds Q1 Earning Expectations IMG Golf Acquires IGP S&E Sources: CAA Prepping Bid For IMG IMG Memo: Do Not Discuss Company's Sale
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Van Wagner Sports Makes Minority Investment In Winik's CineSport05 / 17 / 13Marketing and sales outfit Van Wagner Sports & Entertainment has made a low seven-figure, minority equity investment in CineSport, a New Jersey-based online sports video company. CineSport, founded and run by former NBA exec Gregg Winik, provides video content to many local and national news org... Tags: Finance |
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Under Armour Plans To Double Sales Over Three Years
Under Armour President, Chair & CEO Kevin Plank Thursday said that the company's “goal is to double its sales over the next three years,” according to Gary Haber of the BALTIMORE BUSINESS JOURNAL. The “ambitious projection” would put Under Armour's total revenue at $2B b ...
Tags: Under Armour, Finance
Fireman Gets Back Into Running Shoe Biz
Reebok Founder Paul Fireman is "jumping back into the running-shoe business, with an investment of close to $20 million in a Colorado sneaker maker that aims to capitalize on the industry’s biggest innovation in decades: shoes that mimic barefoot running," according to Beth Healy of the BOSTON ...
Fila-Led Group Agrees To Buy Acushnet
A group led by Fila Korea "has agreed to buy" Acushnet, the golf business of Fortune Brands, for $1.23B in cash in a "bid to tap into the growth of the sport in Asia," according to Rappeport & Thomas of the FINANCIAL TIMES. Fortune on Friday said that the Fila consortium "would buy Acushnet ...
Groupon, Live Nation Create Ticket Marketplace
Groupon and Live Nation Entertainment yesterday announced that they have formed a joint venture to develop a new online ticketing marketplace, GrouponLive. The new channel will serve as a local resource for Live Nation events, including sports games and concerts, as well as for clients of Live ...
Tags: Ticketmaster, Finance
Canadian Tire Reaches Deal To Acquire Forzani Group
Retailer Canadian Tire yesterday announced that it has reached a deal to acquire The Forzani Group, Canada's "largest sportswear retailer," for C$771M, or C$26.50 a share, according to Dana Flavelle of the TORONTO STAR. If completed, the deal "would create a chain of 1,000 sporting good stores, incl ...
Tags: Finance
News Corp.'s TV Business Performs Well In Q3
News Corp.'s profit dropped by 24% in its FY Q3 "as declines in the company's movie and newspapers business, along with litigation costs, offset strong gains at its cable networks and broadcast-television stations," according to Russell Adams of the WALL STREET JOURNAL. Net income was $639M, or ...
Tags: News Corp., Time Warner, Finance
EA Sports CEO: Company Faces Uncertainty
Electronic Arts CEO John Riccitello, discussing the company's fiscal fourth quarter and fiscal year late yesterday, said the EA Sports business faces significant uncertainty over the next year due to the ongoing NFL lockout, a looming NBA work stoppage, and the historic, World Cup-fueled succes ...
Tags: Finance
Comcast Q1 Profit Helped By NBCU Merger
Comcast yesterday reported an "increase in first-quarter revenue and profit with the addition of broadband subscribers and the completion of a deal for control of NBC Universal,” according to Alex Sherman of BLOOMBERG NEWS. The company reported that net income was $943M, or $0.34 a share, compared w ...
Tags: Finance, Comcast Corp., CBS
Nike: Japan Disaster To Have "Negative Impact"
Nike in a report filed with the SEC Wednesday said it will see a "negative impact" on revenues and profits due to the March 11 earthquake and tsunami in Japan, according to Allan Brettman of the Portland OREGONIAN. Nike in the report said, “Although we cannot fully assess the financial impact of the ...
ISC Says Q1 Earnings Exceeded Expectations
Int'l Speedway Corp. (ISC) today reported Q1 earnings that exceeded the company's expectations largely because of strong attendance for races at Daytona, Phoenix and Auto Club speedways. The company's Q1 revenues declined 2% from the same period in '10 to $148.7M. Admissions revenue totaled $36M and ...
