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Disney's Q2 Income Up Despite ESPN Losses Due To Programming, Production CostsPublished in SportsBusiness Daily on 05 / 05 / 15
Disney today reported that its domestic theme parks and consumer products business "drove the company to a 10% increase in net income for its fiscal second quarter," according to Daniel Miller of the L.A. TIMES. The company "posted net income" of $2.108B for the quarter that ended March 28, up from ...
Wally Uihlein, President of MA-based Acushnet, parent company of Cobra Golf, denied rumors that Cobra "would be sold to Reebok," according to Don Bauder of the SAN DIEGO UNION-TRIBUNE. However, Cobra
TearDrop has signed a letter of intent to acquire the assets of Lynx Golf in a deal subject to the signing of a definitive agreement and bankruptcy court approval. Lynx had filed for bankruptcy protec
New Balance "has purchased the rights to the Dunham brand names" from Iron Age Corp. of Pittsburgh, giving it "both a broader range of shoe products and an expanded distribution base," according to Gr
SFX Entertainment "has received a commitment from the Bank of New York" to increase to $600M "the money it has available for acquisitions," according to Adam Sandler of DAILY VARIETY. SFX''s previous
MacGregor Golf was purchased by CA-based management buyout firm The Parkside Group, who acquired it from the foreign investment group which bought MacGregor 18 months ago. Terms were not disclosed. Pa
News Corp., in the process of spinning off Fox Entertainment Group, which includes its sports teams, met Thursday with analysts from investment banks underwriting the IPO to "offer guidance as to the
The Venator Group reported a loss of $13M for its second quarter, "reflecting weak sales of athletic shoes and clothing," according to the WALL STREET JOURNAL. Venator, which includes Foot Locker, Lad
SF-based Quokka Sports, which touts its Total Sports Immersion (TSI) productions, announced the close of $16M in additional venture funding as it prepares to expand its digital media coverage of int''
The Royal Bank of Canada is "preparing to launch a money-management program aimed specifically at professional athletes," according to Susanne Craig of the Toronto GLOBE & MAIL. Sources within the ban
The Marquee Group has agreed to acquire Tollin/Robbins Productions & Management (T&R), which produces HBO''s "Arli$$" among other shows. T&R also produces Nickelodeon''s "Keenan and Kel," "All That" a