British Sports Rights Company Perform Predicts Strong Year Ahead Of New Deals
British sports rights company Perform said that "it was well set for strong growth as it prepares to negotiate new deals with online bookmakers" that use its video streams of live action, according to Keith Weir of REUTERS. The company, "whose shares have doubled in value since it floated in London two years ago," on Tuesday reported a 37% increase in revenue to £43M ($66M) in the three months to the end of March. Perform "buys up online rights to major sports events and supplies video clips or live content to newspaper websites, bookmakers and other firms." Negotiations for new deals are expected to begin in the coming weeks, and Perform "is hoping to be able to provide an update on progress" with its interim results due toward the end of August. Perform was still debating the length of licenses, but they "were likely to be offered on three-year terms." They "are restricted to six operators per territory" (REUTERS, 4/30).