Investors are joining Sinclair Broadcast Group's big bet on sports and sports gambling
Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, Photographer: Andrew Harrer/BloombergInvestors were loving Sinclair Broadcast Group's big bet on the future of sports, and sports gambling, sending the company's stock up 30 percent in early trading on Monday.
It's a big bet, part of a big transformation for Sinclair, which last summer was stunned when regulators blocked its $3.9 billion acquisition of Tribune Media. Sinclair, with about 200 stations under its control, would have had too large a share of the broadcast sector, regulators ruled. “We also see this as an opportunity to realize cross-promotional collaboration, and synergistic benefits related to programming and production.”
to outlets such as Amazon, Disney and AT&T as those companies jostle for position in the increasingly competitive online-streaming space. Sinclair already owns The Tennis Channel, which holds rights to many of the major tennis tournaments held around the world. Tennis, with its numerous breaks and game-match-set structure, is ideal for lots of prop bets. But many popular American sports, most notably football and baseball, but even more fluid and fast-paced sports such as basketball, can also become a lucrative source of legal betting.Ring of Honor Wrestling and high school sports programming on its local stations.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Amid a crisis of inequality, $2 trillion of tax-free investing in Opportunity Zones could benefit both rich and poorIn late 2017, Sen. Tim Scott (R-South Carolina) co-sponsored with Sen. Cory Booker (D-New Jersey) an innovative addition to the Tax Cuts and Jobs Act, whereby 8,700 low-income census tracts called Opportunity Zones could benefit investors with unrealized capital gains to sell existing investments and re-invest those gains in new ventures, business expansions and real estate in high-poverty areas.
और पढो »
A bet on live sports: Why Sinclair is scooping up regional sports networks“I fundamentally believe that sports rights will be valuable for the foreseeable future and will continue to increase in value,” Ripley said of the $10.6 billion deal.
और पढो »
Sinclair to purchase 21 regional sports networks from DisneySinclair Broadcast Group will purchase 21 regional sports networks from the Walt Disney Company for $9.6 billion, the two companies announced Friday.
और पढो »
Disney, Sinclair have $10.6 billion deal for 21 regional sports networksSinclair Broadcast Group will get 21 regional sports networks in markets such as Detroit, LA and Miami from Disney in a deal valued at $10.6 billion.
और पढो »
Sinclair Broadcast Group is buying 21 regional sports networks from DisneyWalt Disney Co., which inherited the channels as part of its $71 billion deal for much of 21st Century Fox, had hoped to recoup as much as $20 billion for the regional sports networks, including Prime Ticket and Fox Sports West in LA. But a frenzied bidding war failed to materialize.
और पढो »
Disney is selling 21 regional sports networks to Sinclair in a $10.6 billion dealDisney was required to sell the networks to receive approval for its $71 billion acquisition of Fox's assets.
और पढो »
4 Takeaways From Sinclair's Acquisition Of Fox Regional Sports Networks From DisneyAfter government regulators prevented Sinclair from acquiring Tribune last year, with its reported acquisition of 21 regional sports networks for $10 billion, it is rapidly moving into local sports.
और पढो »
Disney to sell Fox regional sports networks to Sinclair for $9.6 billionWalt Disney Co said on Friday it would sell its interests in 21 regional sports ...
और पढो »
Sinclair to buy 21 regional sports networks from DisneyThe networks include local cable channels in markets like St. Louis, Kansas City, New Orleans and Detroit
और पढो »