NFTs and sport: How to avoid being left holding the (boot) bag August 23, 2022 Rafi Azim-Khan - Head of Data Privacy and Marketing Law at Pillsbury - delves into the murky yet interesting world of NFTs and sport.
One dead after Range Rover collides with Tesla and ends up on Underground tracks August 22, 2022 A woman has died following a collision between a Range Rover and Tesla, leaving the 4×4 on the tracks of the London Underground. Met Police officers are asking for witnesses after the dramatic coming-together of the two vehicles in the early hours of the morning in West London. They were called at 3.48am following the [...]
Cineworld seeks ‘potential’ restructuring to deal with £4bn debt burden August 22, 2022 Cineworld has said it is looking to gain liquidity and potentially restructure its balance sheet through a “comprehensive deleveraging transaction” as it carried billions in debt. The company, which owns US-based cinema chain Regal, said it had voluntarily sought a Chapter 11 bankruptcy filing in the US in pursuit of a potential restructuring. “Cineworld and [...]
End of an era: Jeremy Paxman graduates from University Challenge after nearly three decades August 20, 2022 Ending his reign as the longest-serving current quizmaster after nearly three decades on British TV, Jeremy Paxman confirmed today he is stepping down as the host of University Challenge. The 72-year-old, who was diagnosed with Parkinson’s disease last year, has presented the show since it was revived by the BBC in 1994, some 28 years [...]
Gaming giant Embracer snaps up Lord of the Rings rights in bargain deal August 18, 2022 In a clear defiance to the slowing M&A landscape, Embracer Group has snapped up the intellectual property rights to The Lord of the Rings and The Hobbit literary works, as well as five other firms in a £645.7m deal.
Going old school: why new media’s rise is far from inevitable August 18, 2022 Ian Whittaker is twice winner of the City A.M. Analyst of the Year, a long-standing Square Mile media analyst and founder of advisory firm Liberty Sky Advisors The last 12 months has been a brutal one for many of the most high-profile names in the Media space. According to a recent FT piece, nearly $400bn [...]
Ed Warner: Value of hosting sport found in hearts and minds as well as spreadsheets August 18, 2022 Just what does constitute a sport? Breaking – otherwise known as breakdancing – will debut at the Paris 2024 Olympics. So how about singing with a dose of choreographed body-poppery? The unlikely combination of Vladimir Putin and Sam Ryder is bringing Eurovision to the United Kingdom in 2023. Seven cities – cut from 20 – are [...]
Norway sovereign fund loses more than $150bn thanks to tech rout August 17, 2022 Reuters Norway’s sovereign wealth fund, the world’s largest, made a record loss of 1.68 trillion Norwegian crowns ($174 billion) in the first half of 2022 as stocks and bonds were hit by global recession fears and rampant price inflation. The $1.3 trillion fund’s return on investment was a negative 14.4% for the January-June period, which [...]
Ryan Howsam: Why Staysure boss bought Legends Tour and how it can be profitable August 17, 2022 Sports sponsorship usually follows a playbook – Brand X pays to be associated with Team Y or Competition Z – but Ryan Howsam, founder of insurer Staysure, has ripped it up with golf’s Legends Tour. Howsam, a keen golfer in his youth who played off a scratch handicap, got involved with the circuit formerly known [...]
Young watching seven times less broadcast TV than over 65s August 17, 2022 Young adults are watching seven times less broadcast TV than those aged 65+, according to new figures published today, as they continue to bypass traditional broadcasters and enjoy streaming services. While those aged 65 and over spend almost six hours a day enjoying broadcast TV, the average for people aged 16-24 is less than an [...]