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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ESPN Leads Disney To Strong Q3
Walt Disney Co. "didn't disappoint in its results" for Q3 of this fiscal year, as revenue up 7% to $10.7B "helped net income rise" 11% to $1.5B, according to Marc Graser of DAILY VARIETY. Every division of Walt Disney Co. "enjoyed a considerable uptick in revenue during the compa ...
Tags: Walt Disney Co., ESPN, Finance
Adidas Raises Forecast For '11 After Strong Results
adidas today "raised its forecast for 2011 after profit and sales increased in the first half, driven by growth in China and European emerging markets," according to Neetha Mahadevan of the WALL STREET JOURNAL. adidas said that net profit for the quarter ended June 30 rose 11% to $199.6M (all figure ...
SMI Sees Q2 Loss Due To Schedule, Tix Prices
A combination of scheduling changes and decreased ticket prices triggered a decline in quarterly revenue at Speedway Motorsports Inc. The company, which today announced its Q2 earnings, posted a net loss of $28.3M in '11 compared to a net income of $23M in '10. It had total revenues of $153.1M, dow ...
Tags: Finance, Speedway Motorsports Inc.
Puma Reports Best-Ever Q2 Results
Puma’s “best-ever second-quarter results kept it on track to reach” $4.3B in annual sales for the first time, a “bright start” for new CEO Franz Koch, according to James Wilson of the FINANCIAL TIMES. Koch, who started in his position this week, said that the company & ...
Under Armour Sees Bump In Q2 Revenue, Income
Under Armour today announced increases in revenues and income in Q2, raising expectations for full FY results in '11. For the period ending June 30, net revenues increased 42% to $291.3M, up from $204.8M in Q2 '10. Net income was $6.2M, up from $3.5M in the year-ago period. Q2 apparel net revenues i ...
Tags: Under Armour, Finance
ISC Announces Operating Income Growth For Q2
A reduction in expenses helped ISC overcome drops in ticket revenue to deliver an operating income growth for the second quarter and first six months of the ‘11 fiscal year. The company saw its admissions revenue decrease by $5.7M in the first quarter and $8.2M in the first six months to a tot ...
Callaway CEO Resigns Amid Poor Results
Callaway Golf yesterday announced the appointment of Anthony Thornley as Interim President & CEO, filling a vacancy created by the resignation of George Fellows. Thornley, who joined the Callaway Golf BOD in '04, was the President & COO of Qualcomm from '02-05. Fellows had served as Presiden ...
Tags: Callaway Golf, Finance
RaptorAccelerator Will Marry Sports, Investments
Raptor Group today announced that it has launched RaptorAccelerator, a new sports, media and entertainment advisory firm led by co-Managing Dirs Mark Pannes and Sean Barror. Most recently, Pannes was Dir of HSBC Private Bank's Global Sports Group, and Barror was Senior VP/Sales for MSG. RaptorAccele ...
Tags: Finance
Nike Projects Annual Revenue of $28-30B By '15
A year after Nike execs projected revenue of $27B by '15, they have "significantly upped their expectations" to $28-30B, according to a front-page piece by Allan Brettman of the Portland OREGONIAN. Nike President & CEO Mark Parker, speaking at yesterday's investor meeting at company HQs, sa ...
Nike's Fourth-Quarter Earnings Jump 14%
Nike's Q4 earnings "rose 14% on a strong gain in sales," according to Maxwell Murphy of the WALL STREET JOURNAL. Nike said that sales "surged in its two biggest regions, North America and China, as well as emerging markets." In constant currencies, revenue grew 21% in North America, 16% in China an ...
