Overall, franchises will lose around Rs 400 crore in ticket sales. Then, there is the ground activation revenue. Franchises will have to forgo this revenue, which ranges between Rs 15-20 crore for each franchise. The loss is despite franchises replacing ground deals with digital ones as advertisers will not buy digital deals at the same price. … [Read more...] about Despite COVID-19 revenue losses, confident about sponsorships: St Lucia Zouks, Kings XI Punjab CEO
Sports betting yearly revenue
"We don't know what is in store for the future. But some franchises were unhappy with the organisers, which has assured to bail them out. There are two franchises, which have serious financial issues and one more franchise has also threatened to discontinue participation if there isn't a relaxation," an HI official, who can't come on record told PTI. "HI said that the league will return in 2019 but the future looks bleak," he added. … [Read more...] about No Hockey India Leauge next year, postponed to 2019
The forthcoming US elections could be one major risk for US markets, which, in turn, can impact global markets. The other major risks could come from bond yields and the dollar index. Any sharp rise in bond yields and fear of them going up further could lead to a fall in equity markets. The dollar index has fallen by 10 percent from its peak, which has helped flows into the emerging markets and also fuelled a rally in other asset classes. As and when the US economy recovers from the pandemic and heads towards normalcy, the dollar index could rise. If the dollar index goes back to or above the 100-mark from the current levels of around 93, then it could lead to outflows from equities (especially emerging markets). … [Read more...] about ‘More MF outflows seen if market keeps rising; BFSI stocks can outperform in next one year’
“Anyone recognizes that technology is the core to reinvent the business. But I think this pandemic has brought so much attention to tech just to enable the survival of the business. Even for the basic, technology has become such a fundamental component. So the interest to know and understand the technology infrastructure at the executive level has gone up,” he said during the interview. … [Read more...] about HCL Tech revenue to grow over 3.5 percent, exceeding Q1 guidance
The streaming platform has also added new features to the interactive Watch'N Play social feed while for the first time, fans will be able to join in the action by expressing themselves using ‘Hotshots’ selfies or a new video feature 'Duets', that lets fans create customised videos showcasing their rendition of famous shots and reactions of their favourite players. … [Read more...] about IPL 2020: Can Disney+ Hotstar’s bold subscription bet offset any advertising revenue dip?