The UK CMA (Competition and Markets Authority) is reportedly launching an investigation on the joint venture (JV) between telco giant BT Group plc and media giant Warner Bros. Discovery.
The two parties unveiled a premium sports venture in May for Ireland and the UK. The 50-50 JV would result in BT Sport transferring to Warner Bros. Discovery. This indicates that BT Sport and Eurosport U.K. are managed together.
The venture will comprise one of the most decorated premium sports portfolios including the Premier League, UEFA Europa League, UEFA Champions League, UFC, the Olympic Games, and Premiership Rugby.
Mercedes-Benz, the German luxury carmaker, has reportedly announced the launch of Mythos, a luxury brand solely dedicated for extremely exclusive collectible automobiles. The move comes as part of its efforts to push sales of high-end vehicles by 60% between 2019 and 2026.
Mythos, which was officially announced as part of Mercedes-long-term Benz's product strategy, would develop low-volume special automobiles for the most ardent Mercedes-Benz collectors and enthusiasts.
According to a teaser image released by Mercedes, the initial Mythos collectible will likely be an open-roof speedster based on the latest Mercedes-AMG SL, appar
Honasa Consumer Pvt. Ltd. (HCPL), the parent company of Mamaearth, has recently acquired a huge stake in well-renowned skincare brand Dr. Sheth’s at a valuation of $3.6 million.
According to credible sources, the funding secured will be utilized to increase the scalability of Dr. Sheth’s business and solidify the leadership of Honasa Consumer. The company will further deploy the capital to expand its product range.
The acquisition of Dr. Seth’s brand is expected to strengthen Honasa Consumer's position in the personal care products market. The company has stated the target to make Dr. Sheth&rsq
Mass media giant Warner Bros. Discovery Inc and telecom behemoth BT Group plc have reportedly unveiled a premium sports venture in Ireland and the United Kingdom.
The strategic 50-50 joint venture (JV) will enable BT Sport’s shift to Warner Bros. Discovery. This means that Eurosport U.K. and BT Sport will operate together.
BT plc, the parent company of BT Sport, will get USD 113 million from Warner Bros. Discovery and close to USD 659 million through an earn-out if all conditions are fulfilled.
Warner Bros. Discovery will receive a call option over BT Group’s interest in the new ent
FIFA, the global governing body of soccer, and video-game maker EA (Electronic Arts) have reportedly ended their three-decade-long partnership.
Considered to be one of the most successful partnerships in sports, both parties ended ties after months of tense negotiations resulting in no agreement to extend the relationship, which not only created a popular video game but started a cultural phenomenon.
The existing deal, which was supposed to end after the 2022 FIFA World Cup in Qatar, has been rejigged to run through next summer’s Women’s World Cup. After the tournament ends, over 150 million video game players of FIFA should get f
Yanolja Cloud, the AI-based software-as-a-service (SaaS) company has reportedly made a strategic investment in InnKey Infosystems Pvt. Ltd., a cloud-based provider of enterprise PMS platform.
This move will expedite the company’s global business of hospitality solutions.
Yanolja decided to invest in InnKey to complement and enhance its global SaaS solutions business, maximizing and leveraging the synergies and values among its group affiliates, including ZEN Hospitality Solutions and eZee Technosys.
Together with its subsidiaries, Yanolja Cloud is providing hospitality management solution
Qtech Software and Expedia Group have expanded its collaboration to provide access to Expedia’s travel supply to travel businesses worldwide using OTRAMS GO, the flagship technology platform of Qtech.
With this partnership, travel businesses of all sizes have extensive accessibility to premium hotel technology and content using the OTRAMS GO platform, grow their businesses, help generate higher revenue, and enhance efficiency in the travel ecosystem.
Speaking on this development, Alfonso Paredes, Expedia Group’s Senior Vice President of Commercial Partnerships mentioned that the expansion of this collaboration along with
Production Resource Group, L.L.C. (PRG), an entertainment and event technology provider, has recently entered a unique partnership with The Forum Group, a staffing and recruiting services provider. This partnership has resulted in the creation of PRG Forum as a minority-owned, global production solutions company.
This initiative has been taken to offer career pathways to production professionals emerging from minority and under-represented communities. Under the partnership, PRG will provide cutting-edge solutions for technicians and artists, while The Forum Group will enable a diverse pool of talent to obtain greater opportunities in the production industry.
Amazon, an American e-commerce giant, has recently unveiled a new feature for Prime members, Buy with Prime. This new feature has been designed to expand the benefits of Prime shopping beyond Amazon.com and allow merchants to sell products listed with the company on their own websites.
Initially, Buy with Prime will be made available as an invite-only feature for merchants using FBA (Fulfillment by Amazon). The feature will be rolled out through 2022, as other merchants, including those who are not using FBA or selling on Amazon, are also invited to participate. Moreover, it has been designed to work with online stores, including BigCommerce and other e-commerce service