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Sochi Games Provide Q1 Financial Jolt For NBCUniversal, Comcast

04 / 22 / 14

The Sochi Games "boosted TV ratings, revenue and profit" at NBCUniversal, while parent company Comcast "reported its second quarterly video subscriber increase in a row," according to Georg Szalai of the HOLLYWOOD REPORTER. NBCU "aired the Winter Games on its broadcast and cable networks in the late...

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Tags: NBC, Finance, Comcast Corp.

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10/22/13
Foster Injury Comes At Bad Time For Fantex

Texans RB Arian Foster aggravated a hamstring injury in Sunday's game against the Chiefs, and his "latest health concern was exactly the type of bad news" S.F.-based sports technology startup Fantex "had hoped to avoid" when it announced its IPO plans for Foster last Thursday , according to Peter L ...

Tags: Finance

10/17/13
Fantex Files For IPO For Arian Foster Stock

S.F.-based sports technology startup Fantex this morning filed an S-1 with the SEC to conduct an IPO. The company has struck a deal with Texans RB Arian Foster in which it will pay Foster $10M for a 20% interest in his future brand income, defined as his future football-related earnings on and off ...

Tags: Finance

10/11/13
WPP Will Not Bid On IMG

Agency WPP has ruled itself out of the running for IMG, believing its rumored $2.5B price tag is too high to justify a bid. WPP CEO Martin Sorrell, speaking at Thursday’s Leaders in Football conference in London said, "We would love to own IMG.” But he added, "We can’t afford it." ...

Tags: Finance, IMG

10/10/13
Nike Expects Revenue Of $36B By '17

Nike CEO Mark Parker's revenue forecast of $30B by FY '15 and $36B by FY '17 was the "top announcement among several key predictions made" yesterday during the company's Investor Day, according to Allan Brettman of the Portland OREGONIAN. Nike VP & GM of Global Basketball Craig Zanon said that w ...

Tags: Finance, Nike

10/10/13
IMG Bidders Down To 10

Bankers for IMG have "cut to 10 the list of suitors" for the talent agency, according to Atkinson & Kosman of the N.Y. POST. Sources said that IMG, set to sell for around $2B, "initially attracted about two dozen bidders ... before the list was cut for a second round." Those "crossing the first ...

Tags: Finance, IMG

10/03/13
ISC Sees Slight Boost In Q3 Revenue

International Speedway Corp. credited stabilizing ticket and sponsorship sales with boosting its Q3 revenue to $117M, a 1% increase from the same period last year. Total revenue for the first nine months of the year is up slightly from $422.9M in '12 to $423.9M this year. ISC Vice Chair & CEO Le ...

Tags: Finance, International Speedway Corp.

09/27/13
Nike's Q1 Sales Increase In Europe, North America

Nike's North American sales for its Q1 that ended Aug. 31 increased 9% to $3.1B, one of the "few recent quarters where sales in the geography were not up by double digits," according to Allan Brettman of the Portland OREGONIAN. Nike's North American region "had nine consecutive quarters of double-di ...

Tags: Finance, Nike

09/26/13
First Round Of IMG Bids Due Next Week

The first round of bids to buy IMG are due next week, according to sources familiar with the sales plan for the company. Buyers interested in acquiring the sports and entertainment firm have been asked to submit interest documents between Monday and Wednesday. Initial offers will be reviewed by a to ...

Tags: Finance, IMG

09/18/13
CVC Capital Plans Joint IMG Bid

F1 commercial rights holder CVC Capital has "joined forces" with Mumtalakat Holding Co., which is owned by the Kingdom of Bahrain, to "bid for IMG," according to Mark Kleinman of SKY NEWS. A source said that CVC would "form a consortium in which it would hold a 60% stake in IMG, while Mumtalakat and ...

Tags: Finance, IMG

09/16/13
KKR, New Mountain Pursuing IMG

Private equity firm KKR "has teamed up with New Mountain Capital LLC to bid for IMG," according to sources cited by Roumeliotis, Kim & Damouni of REUTERS. Sources said that KKR and New Mountain "would be competing for IMG" against talent firms CAA and William Morris Endeavor. While KKR "may not ...

Tags: Finance, IMG

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