Cristiano Ronaldo: The sports streaming service DAZN aim to build on back of Juventus forward’s endorsement August 22, 2018 As a new face in the marketplace it’s advisable to make a splash in order to get noticed. The sports broadcasting industry is currently in flux as new players challenge the big names for their slice of a lucrative business. For sport live-streaming service DAZN – pronounced “Da-zone” – the best way to attract attention [...]
Eleven Sports: Live-streaming service grapple with the future of sports broadcasting August 15, 2018 It’s fair to say Eleven Sports’ first foray into the UK sports broadcasting market did not go to plan at the weekend. The new boys on the scene arrived with hopes high and viewers intrigued, offering two days of the US PGA Championship for free, with a seven-day trial making the entire tournament available on [...]
Starbucks confirms partnership with Alibaba in a bid to increase China sales | City A.M. August 2, 2018 Starbucks is officially partnering with Alibaba in an effort to boost its delivery and online Chinese presence. The tie-up comes after an abrupt drop in Starbucks’ China sales in June, which was pinned on a crackdown on third-party delivery firms that had helped propel orders in its stores. Starbucks chief executive Kevin Johnson told reporters: [...]
BT’s share price rises as profits jump but sales dip | City A.M. July 27, 2018 BT Group’s share price climbed 3.7 per cent this morning as the telecoms giant revealed pre-tax profit soared, despite revenue dipping in the first quarter. The figures Sales at the telecoms giant dropped to £5.7bn, down from £5.8bn, for the first quarter to 30 June. However pre-tax profit jumped to £704m from £418m. Its monthly [...]
Sky post a solid set of figures July 26, 2018 Sky revealed a solid set of full-year results as earnings jumped by 9 per cent and like-for-like (LFL) revenue rose by 5 per cent. Average revenue per user held steady at £45. The company had a strong finish to the year as it added 20,000 new customers in the UK and Ireland. In the final three [...]
Amazon’s (AMZN) cloud and online retail services to push results sky-high, while Spotify (SPOT) wanes on revenue | City A.M. July 22, 2018 After showcasing impressive sales and subscription numbers on Prime Day and briefly breaking $900bn (£691bn) in market value last week, Amazon has investors convinced of a strong second quarter ahead of its results on Thursday 26 July. Consumer estimates collated by S&P Global Market Intelligence put the company’s revenue at $53.4bn for the quarter, at [...]
Microsoft soars past $100bn revenue mark, boosted by the power of the Cloud | City A.M. July 19, 2018 Software and PC giant Microsoft had its best year ever in 2018, beating analyst estimates to score $110.4bn (£85.1bn) in revenue at a year-on-year increase of 14 per cent. It reported $30.1bn in revenue for its fourth quarter, beating already high consumer estimates of $29.17bn. Diluted earnings per share came in at $1.15 for the [...]
Chinese tech giant Alibaba makes $1.43bn investment in digital advertising firm Focus Media | City A.M. July 19, 2018 Chinese tech group Alibaba has snapped up a minority stake in digital advertising firm Focus Media in a deal worth $1.43bn (£1.1bn). In a statement, the company said it would buy a 6.62 per cent in the firm, and could increase its stake by five per cent in the next year. Alibaba will also invest [...]
World Cup 2018: Gareth Southgate and Harry Kane the biggest winners as England’s run in Russia boosts commercial appeal of key figures | City A.M. July 16, 2018 Even in defeat, there was an undeniable feel-good factor around England at the World Cup. Gareth Southgate and his team worked hard to cast aside the negativity of previous major tournaments and reach a first semi-final since 1990. And while their on-field exploits have seen them hailed as heroes, they could also lead to off-field [...]