ITV

Tag: Stake

  • TKR ropes in Stake as title sponsor in multi-year global partnership

    TKR ropes in Stake as title sponsor in multi-year global partnership

    MUMBAI: The Trinbago Knight Riders just hit a sponsorship sixer. Caribbean Premier League’s most decorated franchise has inked a multi-year title partnership with Stake, the world’s leading online casino and sportsbook adding some serious global firepower to its off-field playbook. With four CPL titles under its belt (2015, 2017, 2018, 2020), TKR’s winning legacy now aligns with a brand that’s betting big on cricket. Stake already has marquee partnerships across the sporting spectrum, including UFC, Everton FC, and the Stake F1 Team. Its latest Caribbean swing follows recent forays into cricket with the Paarl Royals, European Cricket Championships, and Major League Cricket.

    “This partnership marks a significant milestone for us,” said Knight Riders Sports Group CMO Binda Dey. “Bringing together two globally recognised brands, we aim to elevate fan engagement through innovation and technology.”

    And innovation is already in motion. The announcement was hyped with a teaser campaign starring Knight Riders legends Andre Russell, Sunil Narine, and Dwayne Bravo alongside Stake-backed athletes from across the world. The result? A viral buzz building up to the big reveal, with cross-sport fandom fuelling the fire.

    “TKR’s success and passionate fanbase make them the perfect addition to our cricket portfolio,” said Stake’s CMO Akhil Sarin. “Our aim is to build immersive, tech-driven fan experiences that channel the thrill of T20 cricket.”

    This partnership is more than a logo swap, it’s a play for deeper, digital-first engagement. Expect gamified fan zones, interactive content drops, and a Stake-powered edge to TKR’s growing global fanbase.

    In the high-stakes world of franchise cricket, this Knight–casino combo could be a jackpot move.
     

  • FremantleMedia buys 25 per cent stake in Corona TV

    FremantleMedia buys 25 per cent stake in Corona TV

    MUMBAI: FremantleMedia (FM), has taken over 25 per cent stake in Corona TV, the newly-created TV production company from renowned filmmaking duo Richard Johns and Rupert Jermyn. The deal, which gives FremantleMedia a first look option on all Corona TV output, furthers FremantleMedia’s ambition to build its scripted pipeline with projects that will have an epic and cinematic feel and attract international co-production funding.

     

    The deal was brokered by FM’s director of global drama, Sarah Doole, who will take a seat on the board of the new company.

     

    Doole said, “Richard and Rupert have together over twenty five years’ experience in producing successful feature films. Because of this, they look at scripted projects in a completely different way from most production companies, bringing a big screen presence to the small screen. We’ve looked at their production slate and they have some exciting ideas which are ripe for international co-production funding. Having them as part of the FremantleMedia family gives us some brilliant projects for our scripted pipeline, while our existing infrastructure will help bring their epic ideas to fruition. I can’t wait to get started.”

     

    In a joint statement Johns and Jermyn said, “We’re absolutely delighted to have made this deal with the dynamic team at FremantleMedia. As film-makers we have always created big stories for the world rather than one particular market. This move gives Corona Television the strategic financing, distribution and marketing firepower most drama producers can only dream of, allowing us to tell stories for TV on a truly global scale.”

     

    FremantleMedia already has a relationship with Johns and Jermyn, having previously worked on the development of Birds of Prey, a TV adaption of the first three novels of Wilbur Smith’s Courtney series, penned by Layer Cake scriptwriter JJ Connolly. The new company has a number of exciting new projects in the pipeline, with internationally renowned writers and producers already attached, with announcements planned in due course.

     

    Corona TV is a sister company of Corona Pictures, which was founded by Johns and Jermyn in London in 2009. The company develops, produces and markets feature films and television programmes to every country in the world, including the major established markets and key emerging markets such as China.

     

    In recent years Corona Pictures produced and released the multiple award-winning darkly comic hitman road movie The Liability starring Tim Roth, Jack O’Connell, Talulah Riley, Kierston Wareing and Peter Mullan from writer John Wrathall and director Craig Viveiros. Prior to that, the company made Robert Heath’s psychological thriller Truth or Dare. Both films found strong distribution market appetite and are now on release in over 24 international territories. The company is now building rapidly from this production base.

  • PVR to buy back L Capital’s 10% stake in company

    PVR to buy back L Capital’s 10% stake in company

    MUMBAI: Multiplex chain PVR has entered in a share purchase agreement with private equity (PE) fund L Capital Asia to buy back its entire investment in PVR. L Capital Asia, the PE arm of Louis Vuitton Moët Hennessy (LVMH), owns a 10 per cent stake in the company.

     

    In August 2012, PVR had issued 28,85,000 equity shares of face value of Rs 10 each at a premium of Rs 190 per share of aggregating to Rs 57.70 crore to L Capital Eco, a subsidiary of L Capital Asia. In addition, L Capital Eco had also invested a sum of approximately Rs 50.09 crore in PVR Leisure, which is a subsidiary company of PVR. Thus, the total investment by the company in the multiplex chain was Rs 108 crore.

     

    PVR Leisure houses mall entertainment, gaming arena, food courts and other leisure entertainment formats. PVR’s investment in the bowling company – PVR bluO Entertainment – is also through PVR Leisure. PVR bluO is a 51:49 joint venture between PVR and Major Cineplex Group of Thailand.

     

  • TV Today gains 4 per cent as RK Damani ups stake to 6.4 per cent

    TV Today gains 4 per cent as RK Damani ups stake to 6.4 per cent

    BENGALURU: He is a quiet and a patient ‘Man with the Midas touch,’ who is touted as Indian stock market whiz Rakesh Jhunjunwalla’s guru. Today, Radhakishan Damani, or RK Damani, increased his stake in TV Today Network Limited with an investment of Rs 25.48 crore for 13 lakh shares of face value of Rs 5 each,  to 6.4 per cent from 4.22 per cent. Damani’s average purchase price at that rate works out to Rs 196 per share.

     
    The company’s share closed 4.01 per cent higher at Rs 217.70 from an opening of Rs 210 today on the BSE. The High/Low values of the script for the day were Rs 220.45/208.30. The share had closed at Rs 209.30 yesterday.TV Today’s script saw a turnover of Rs 6.02 crore at a weighted average price of Rs 215.42 per share on the BSE. Its 52 week High/Low on the BSE was Rs259/Rs 96.05.

     
    On the NSE, at close today, the script had gained 3.64 per cent (Rs 7.65) on yesterday’s closing price of Rs 209.95 to close at Rs 217.60 per share. The script opened on the NSE at Rs 210, reached a high of Rs 220.40 and a low of Rs 208.05 during the course of the day. About 9.48 lakh shares valued at Rs 20.4718 crore were traided on the NSE today. The 52 week high of the share was Rs 259.35 on 7 November 2014 and the 52 week low was Rs 95.75 on 30 January 2014 on the NSE.

     
    Earlier, on 27 August 2014 Derive Investments, a fund run by RK Damani and Gopikishan Damani had bought 11.7 lakh shares representing 1.96 per cent stake in TV Today Network for Rs 21 crore. The price of TV Today then rose 6 per cent to Rs 217 on the NSE. Before that, since September 2013, RK Damani had held a 1.5 per cent stake in the TV broadcaster.

     

    TV Today reported a 58.1 per cent y-o-y increase in production costs coupled with a 40.4 per cent increment in employee benefit expense (EBE) and a 36.6 per cent rise in other expense numbers which pared its PAT to register a 2.9 per cent increment in Q2-2015. The company reported a y-o-y growth of 21.8 per cent in its Total Income from Operations (TIO) in Q2-2015 at Rs 111.69 crore versus the Rs 91.71 crore in Q2-2014, but TIO registered a 18.5 per cent decline when compared to the Rs 137.01 crore for Q1-2015. Higher TIO in Q1-2015 can be attributed to the national elections that saw revenues of most news channels rise during the first quarter of FY-2015.

     

    As mentioned above, the company’s PAT at Rs 13.21 crore (11.8 per cent of TIO) was 2.9 per cent more than the Rs 12.83 crore (25 per cent of TIO), but was almost a third (40.3 percent of) the Rs 32.79 (23.9 per cent of TIO) crore in Q1-2015.

     

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  • Endemol buys a stake in Israeli broadcaster Reshet

    Endemol buys a stake in Israeli broadcaster Reshet

    MUMBAI: Big Brother creator Endemol has confirmed that it has taken a 33 per cent stake in Tel Aviv-based Reshet, one of Israel’s foremost commercial broadcasters, hiking its presence in the Israeli market, one of the world’s hotspots for groundbreaking TV production.

    The partnership unites Endemol’s expertise in the creation, production and distribution of hit content with Reshet’s strong platform as a leading and innovative broadcaster in one of the industry’s most innovative and prolific markets globally. The two companies will collaborate to launch new original content – created and produced by Endemol – for the Israeli market on Reshet’s platforms, which will be shared and exploited throughout Endemol’s worldwide network. By leveraging its global resources, Endemol will internationally distribute new shows, as well as produce Israeli versions of worldwide hits for the broadcaster. 

    Headquartered in Tel Aviv, Reshet has undergone significant growth in recent years and is currently the highest rating channel in the country, with local versions of international blockbusters as well as its own locally created popular formats such as Comedians at Work, Irreversible and State of the Nation.

     

    CEO of Endemol Group Just Spee commented on the Endemol website, “Israel is one of the world’s most innovative and creative markets; delivering exciting and successful formats with international appeal. Reshet is already a leading broadcaster in the region and with an outstanding management team the company is strongly positioned to continue its impressive growth. By joining forces with them we are able to significantly build our capacity to create new original, multi-platform content with global potential, which will be shared among Endemol’s worldwide creative network.”

    CEO of Reshet Avi Zvi added, “We are extremely excited about this partnership; Endemol choosing to invest in our company is a strong vote of confidence and recognition, not only in Reshet but also in the creativity and innovation of the Israeli TV market that has been renowned worldwide in recent years. Endemol’s vast experience in the international arena will allow Israel’s vibrant creative industry to bring premium programming to the global market, efficiently and successfully. Strengthening Reshet’s ownership structure with one of the largest television and format companies in the world will accelerate Reshet’s growth in both local and international markets.” 

    The Reshet tie-up follows Endemol’s acquisition in April of a controlling share in Israel’s leading independent producer Kuperman, now Endemol Israel. Terms of the Reshet deal were not disclosed