Baseball
2006 Central League MVP Kosuke Fukudome (OF, Chunichi Dragons) and Takahiro Arai (3B, Hiroshima Carp) are among the 68 players eligible to become free agents this year. Fukudome is 29 days short of the service time needed for free agency in Japanese baseball, but he gained eligibility under a new rule aimed at helping injured players. Other players meeting the free agency requirements for the first time include Hitoki Iwase (RP, Chunichi Dragons), Kazuhiro Wada (OF, Seibu Lioins), Masahide Kobayashi (RP, Lotte Marines), Tsuyoshi Shimoyanagi (SP, Hanshin Tigers), Daisuke Miura (SP, Yokohama BayStars), and Hiroki Kuroda (SP, Hiroshima Carp). Those players who file for free agency during seven business days after the end of the Japan Series will be allowed to negotiate a deal with any team, either in Japan or abroad, after their
names are posted by the commissioner's office as free agents. (Japanball.com, 10/22/07)
Major League Baseball International and Shanghai Media Group reached a three-year agreement this season that has the 2007 World Series being broadcast live in its entirety on Great Sports, China's leading cable sports channel. The agreement was launched in July with coverage of the 2007 All-Star Game and has continued on a weekly basis with a China-specific edition of "This Week in Baseball." The World Series, MLB All-Star Game and TWIB will air on Great Sports through 2009. (MLB Press Release, 10/22/07)
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Basketball
Following in the footsteps of the NBA, executives from Euroleague Basketball have met with city and sporting officials from Shanghai to forge sporting and business ties. A delegation, including Jordi Bertomeu, the Euroleague Basketball CEO, was in Shanghai for the first CBA-Euroleague Challenge, an event facilitated by Infront Asia's joint-venture with the Chinese Basketball Association. During the tournament, in which Benetton Basket Tamoil and CSKA Moscow faced Team China and the Sydney Kings, the parties discussed the joint development of events with the objective of promoting European basketball in Asia. (Sportbusiness.com, 10/1/07)
Following the hiring of Timothy Chen as CEO NBA China, NBA Commissioner David Stern elaborated on the league's long-term plans for settingup "the second NBA, the NBA of China." Stern said the project was "long-term," will involve working with the 16-team China Basketball Association, and that the NBA was seeking financing partners. 90% of the new subsidiary will be owned by the league while two 5% shares will be sold to Chinese investors and to a U.S. media company, reported to be the Walt Disney Company. (Sportbusiness.com, 10/17/07)
The NBA China Games 2007 were held between the Orlando Magic, Cleveland Cavaliers and the Team China All-Stars in Shanghai and Macao from 10/17-20/07. The games aired nationwide on CCTV5 while the Shanghai Media Group and Guangdong TV aired each of the games locally in Shanghai and the Guangdong province, respectively. Last season, the NBA added 24 TV partners in China and currently has relationships with 51 TV stations that provided NBA programming to 34 million viewers per week and more than 1.2 billion viewers for the 2006-07 season. According the league, there are 300million people playing basketball in China with approximately 80% of males 15-24 in the top 11 cities of China considering themselves NBA fans and 20% of traffic to NBA.com coming from China. (Sportbusiness.com, 10/18/07)
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Golf
In March 2008, Gatorade will launch 'Gatorade Tiger', a new drink developed in conjunction with golfing superstar Tiger Woods, marking the golfer's first US deal with a beverage company. Financial terms of the deal were not disclosed, but Golfweek magazine reported it was for five years and could pay Woods as much as $100 million. (Sportbusiness.com, 10/17/07)
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Other Sports
The 2008 Beijing Olympic Games are expected to break TV advertising records with over $182 billion being spent next year, up from $169.9 billion in 2007, according to ZenithOptimedia. (Sportbusiness.com, 10/3/07)
VANOC, the organizing committee for the 2010 Olympic and Paralympic Winter Games in Vancouver, Canada said that it will exceed its 2007 sponsorship target of $65 million by at least $15 million. The overall sponsorship revenue target is $760 million. (Sportbusiness.com, 10/22/07)
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China
China Minsheng Banking Corp. agreed to purchase a 9.9% stake in UCBH of San Francisco, the parent of United Commercial Bank, in the first US strategic investment by a mainland Chinese bank. Earlier this year, UCBH purchased Shanghai-based Business Development Bank for $205 million. (Los Angeles Times, 10/9/07)
YUM Brands, the operator of KFC, Taco Bell, and Pizza Hut, reported a 28% profit growth in its China division and 21% growth in its international division, compared to only 1% growth in the US operation, for the latest quarter. (Wall Street
Journal, 10/9/07)
Alibaba.com, the Chinese leader in online business-to-business service, announced plans for an initial public offering which is expected to raise as much as $1.3billion, the largest ever by a Chinese internet company. In August 2005, Yahoo! swapped $1billion and its China unit for a 40% stake in the parent company of Alibaba.com. (Wall Street Journal, 10/22/07)
Citic Securities Co., China's government controlled investment bank, and Bear Stearns agreed to invest $1billion in each other, giving the US firm an entrance into the insular Chinese financial sector. Under the deal, Citic will acquire between a 6-9% stake and Bear Stearns will acquire between a 2-5% stake in the other entity. The companies also agreed to jointly offer capital marketing services across Asia. (Los Angeles Times, 10/23/07)
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Japan
Wal-Mart announced it would spend $875million to take full-ownership of its money-losing Japanese subsidiary Seiyu Ltd. Wal-Mart has stuck with the Seiyu brand, familiar to Japanese, instead of using the Wal-Mart name, but Seiyu has struggled amid intense competition from smaller retail chains, as well as from major local companies that are introducing larger stores and price cutting. (Los Angeles Times, 10/23/07)
Wednesday, October 31, 2007
Sunday, September 30, 2007
September 2007
Baseball
The Chinese National Team will become the first international team to participate in the Arizona Fall League (AFL), continuing the ongoing effort by MLB to help develop the squad as it trains for the 2008 Olympic Games in Beijing. The 16th season of the AFL will begin on 10/9/07. Team USA, a national team of non-40-man-roster players from MLB organizations, also will participate in the AFL. Former Major League manager Jim Lefebvre and pitching coach Bruce Hurst will lead the Chinese team on the field. Team China is training at the complex of the San Diego Padres in Peoria, Arizona. (MLB Press Release, 9/25/07)
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Basketball
The NBA and the Walt Disney Company, the sponsor of the NBA's 2004 "China Games" that sent the Sacramento Kings and the Houston Rockets to Beijing and Shanghai for two games, are nearing a deal that has the entertainment giant buying a minority stake in the league's nascent NBA China entity. The dollar value of Disney's expected investment is not known, but some estimates have the value of NBA's China operations at up to $2 billion. (Sports Business Journal, 9/19/07)
The NBA has named Tim Chen, CEO of Microsoft Greater China, as CEO of NBA China, a new enterprise created in April to encapsulate all of the league's businesses in Greater China. NBA China will be governed by a Board of Directors that will include NBA owners, representatives of outside investors as well as Commissioner David Stern, Adam Silver, and Heidi Ueberroth, among others. The NBA is conducting more than 170 special events in 112 cities in Greater China including the NBA China Games 2007, three pre-season games in Shanghai and Macao in October. (Sportbusiness.com, 9/19/07)
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Other Sports
Tokyo formally submitted its candidacy to host the 2016 Summer Olympics, with local government proposing to build a new main stadium in the Harumi waterfront district for the opening and closing ceremonies and the track and field events. Tokyo is bidding against Rio de Janeiro, Prague, Chicago and Qatari capital Doha for the right to host the Games. The International Olympic Committee will select a host city in October 2009. (Sportbusiness.com, 9/12/07)
The Chinese National Team will become the first international team to participate in the Arizona Fall League (AFL), continuing the ongoing effort by MLB to help develop the squad as it trains for the 2008 Olympic Games in Beijing. The 16th season of the AFL will begin on 10/9/07. Team USA, a national team of non-40-man-roster players from MLB organizations, also will participate in the AFL. Former Major League manager Jim Lefebvre and pitching coach Bruce Hurst will lead the Chinese team on the field. Team China is training at the complex of the San Diego Padres in Peoria, Arizona. (MLB Press Release, 9/25/07)
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Basketball
The NBA and the Walt Disney Company, the sponsor of the NBA's 2004 "China Games" that sent the Sacramento Kings and the Houston Rockets to Beijing and Shanghai for two games, are nearing a deal that has the entertainment giant buying a minority stake in the league's nascent NBA China entity. The dollar value of Disney's expected investment is not known, but some estimates have the value of NBA's China operations at up to $2 billion. (Sports Business Journal, 9/19/07)
The NBA has named Tim Chen, CEO of Microsoft Greater China, as CEO of NBA China, a new enterprise created in April to encapsulate all of the league's businesses in Greater China. NBA China will be governed by a Board of Directors that will include NBA owners, representatives of outside investors as well as Commissioner David Stern, Adam Silver, and Heidi Ueberroth, among others. The NBA is conducting more than 170 special events in 112 cities in Greater China including the NBA China Games 2007, three pre-season games in Shanghai and Macao in October. (Sportbusiness.com, 9/19/07)
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Other Sports
Tokyo formally submitted its candidacy to host the 2016 Summer Olympics, with local government proposing to build a new main stadium in the Harumi waterfront district for the opening and closing ceremonies and the track and field events. Tokyo is bidding against Rio de Janeiro, Prague, Chicago and Qatari capital Doha for the right to host the Games. The International Olympic Committee will select a host city in October 2009. (Sportbusiness.com, 9/12/07)
Friday, August 31, 2007
August 2007
China
NetEase.com, the Chinese provider of online games and other Internet services, reported that 2007 2Q net profit decreased slightly ($41.1 million vs. $41.3 million) compared to the same quarter in 2006 due to increased competition in the Chinese Internet industry. The company said it planned to expand its game portfolio, develop its Internet portal business, and generate more revenue from its email business. (Wall Street Journal, 8/6/07)
McDonalds is joining forces with the International Olympic Committee and China Central Television to produce a reality show-style competition that will award 300 children the chance to attend the 2008 Beijing Olympics. Children across China will take exams and participate in an art and essay competition in which they try to impress judges by explaining what the Beijing Olympics theme, "One World, One Dream," means to them. Chinese students along with children from the rest of the world will then compete is a series of televised contests, from quiz shows to athletic competitions, to determine the winners. McDonalds, who has fewer outlets in China than its main rival, Yum Brands' KFC, plans to increase outlets in China from 810 to over 1000 by the time the Beijing Olympics begin in 8/08. (Wall Street Journal, 8/9/07)
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Japan
The top two banks in Japan, Mitsubishi UFJ Financial Group and Mizuho Financial Group, reported sharp declines in their earnings for the 2006 April-June quarter, indicating that they are struggling to expand their businesses despite rising interest rates in the country. Both banks said that exposure to securities related to US subprime debt did not have a discernible impact on earnings. (Wall Street Journal, 8/1/07)
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Other Business
Hollywood producers Bob and Harvey Weinstein have launched a $285 million fund that will invest in Asian-themed projects, including an action film about Chinese folk heroine Hua Mulan, a remake of the 1954 Akira Kurosawa classic "The Seven Samurai," and "The Forbidden Kingdom," featuring Jackie Chan and Jet Li, which is currently filming in China. The company said its hopes to take advantage of lower costs by shooting in Asia, while adding a "Western sensibility" to produce movies that appeal to Asian and Western markets. (Wall Street
Journal, 8/9/07)
NetEase.com, the Chinese provider of online games and other Internet services, reported that 2007 2Q net profit decreased slightly ($41.1 million vs. $41.3 million) compared to the same quarter in 2006 due to increased competition in the Chinese Internet industry. The company said it planned to expand its game portfolio, develop its Internet portal business, and generate more revenue from its email business. (Wall Street Journal, 8/6/07)
McDonalds is joining forces with the International Olympic Committee and China Central Television to produce a reality show-style competition that will award 300 children the chance to attend the 2008 Beijing Olympics. Children across China will take exams and participate in an art and essay competition in which they try to impress judges by explaining what the Beijing Olympics theme, "One World, One Dream," means to them. Chinese students along with children from the rest of the world will then compete is a series of televised contests, from quiz shows to athletic competitions, to determine the winners. McDonalds, who has fewer outlets in China than its main rival, Yum Brands' KFC, plans to increase outlets in China from 810 to over 1000 by the time the Beijing Olympics begin in 8/08. (Wall Street Journal, 8/9/07)
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Japan
The top two banks in Japan, Mitsubishi UFJ Financial Group and Mizuho Financial Group, reported sharp declines in their earnings for the 2006 April-June quarter, indicating that they are struggling to expand their businesses despite rising interest rates in the country. Both banks said that exposure to securities related to US subprime debt did not have a discernible impact on earnings. (Wall Street Journal, 8/1/07)
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Other Business
Hollywood producers Bob and Harvey Weinstein have launched a $285 million fund that will invest in Asian-themed projects, including an action film about Chinese folk heroine Hua Mulan, a remake of the 1954 Akira Kurosawa classic "The Seven Samurai," and "The Forbidden Kingdom," featuring Jackie Chan and Jet Li, which is currently filming in China. The company said its hopes to take advantage of lower costs by shooting in Asia, while adding a "Western sensibility" to produce movies that appeal to Asian and Western markets. (Wall Street
Journal, 8/9/07)
Tuesday, July 31, 2007
July 2007
Baseball
The Japan Professional Baseball Players Association (JPBPA) voted unanimously for greater rights for players regarding free agency and a range of other issues, moving a step nearer to launching a court battle in an effort to improve player status. The JPBPA plans to file a lawsuit by the end of the year and continue labor-management talks with Nippon Professional Baseball even after court action starts. It has already brought the issue of control of players' imaging rights to court, with action currently being taken in the Intellectual Property High Court. (Japan Times, 7/21/07)
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Other Sports
General Motors said it would not renew its $1 billion sponsorship of the US Olympic Committee when its contract ends after 2008 as a result of changes in its marketing strategy. (Wall Street Journal, 7/8/07)
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China
In another move that blurs the line between advertising and media content, WPP Group is producing its own reality television show in China, along with RTL Group, sports-media company Kickworldwide, and state-owned Hunan TV, entitled "Soccer Prince," which will narrow a nation of young soccer players down to two stars, who will win yearlong apprenticeships with two English Premier League soccer teams, Everton and Bolton Wanderers. Nike has signed up as one of the initial sponsors. (Wall Street Journal, 7/7/07)
Baidu.com, the Chinese Internet-search provider, reported that its 2Q 2007 net profit more than doubled from a year earlier ($18.8 million), as it accounted for 58% of revenue in China's Internet-search market, ahead of US-based Google's 23%. (Wall Street Journal, 7/27/07)
The Japan Professional Baseball Players Association (JPBPA) voted unanimously for greater rights for players regarding free agency and a range of other issues, moving a step nearer to launching a court battle in an effort to improve player status. The JPBPA plans to file a lawsuit by the end of the year and continue labor-management talks with Nippon Professional Baseball even after court action starts. It has already brought the issue of control of players' imaging rights to court, with action currently being taken in the Intellectual Property High Court. (Japan Times, 7/21/07)
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Other Sports
General Motors said it would not renew its $1 billion sponsorship of the US Olympic Committee when its contract ends after 2008 as a result of changes in its marketing strategy. (Wall Street Journal, 7/8/07)
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China
In another move that blurs the line between advertising and media content, WPP Group is producing its own reality television show in China, along with RTL Group, sports-media company Kickworldwide, and state-owned Hunan TV, entitled "Soccer Prince," which will narrow a nation of young soccer players down to two stars, who will win yearlong apprenticeships with two English Premier League soccer teams, Everton and Bolton Wanderers. Nike has signed up as one of the initial sponsors. (Wall Street Journal, 7/7/07)
Baidu.com, the Chinese Internet-search provider, reported that its 2Q 2007 net profit more than doubled from a year earlier ($18.8 million), as it accounted for 58% of revenue in China's Internet-search market, ahead of US-based Google's 23%. (Wall Street Journal, 7/27/07)
Saturday, June 30, 2007
June 2007
Baseball
The New York Yankees signed Chinese amateur players pitcher Kai Liu and catcher Zhenwang Zhang to minor-league contracts. Lui (age 19) had been playing in the Chinese Baseball League with the Guangdong Leopards and was chosen to participate as a member of China's National Team. Zhang (age 19) helped lead the Tianjin Lions to the league championship in three of the past five seasons and played in the 2006 World Baseball Classic. (CBS Sportsline.com, 6/18/07)
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Basketball
Infront Sports & Media, the exclusive marketing partner to the China Basketball Association and China's national basketball team, has signed a deal with Excel Sports Management to develop an athlete representation basketball business in China. Excel currently represents NBA players Jason Kidd, Paul Pierce, Lamar Odom, among others. (Sportbusiness.com, 6/20/07)
Golf
Korean male K.J. Choi shot a final round 7-under 65 enroute to winning the Memorial Tournament at the Muirfield Village Golf Club in Dublin, Ohio. The win was Choi's 5th career victory on the PGA Tour, and earned him $1.08 million. (Yahoo!Sports, 6/3/07)
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Other Sports
The Beijing Olympic Organizing Committee has hired Aramark to provide food services in the athletes village, media villages, international broadcast center and main press center during the 2008 Summer Games in Beijing, China. (Sports Business Journal, 6/10/07)
ESPN is buying Cric-info.com, the worlds largest specialist cricket website from British publishing company Wisden Group. Cric-info.com was founded in 1993 and has more than 7 million users each month. (Los Angeles Times, 6/12/07)
Yahoo! announced that it will acquire online college and high school sports site Rivals.com, which offers editorial content, college message boards, and extensive recruitment news on a network of more than 150 websites attracting over a combined 2 million unique visitors per month. (Digital Media Wire, 6/21/07)
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China
Google and Sina, the operator of China's most visited web portal, announced plans to cooperate on search services and advertising, giving the US-based search giant an ally as it seeks to wrest market share in China from local search leader Baidu.com. (Wall Street Journal, 6/12/07)
The New York Yankees signed Chinese amateur players pitcher Kai Liu and catcher Zhenwang Zhang to minor-league contracts. Lui (age 19) had been playing in the Chinese Baseball League with the Guangdong Leopards and was chosen to participate as a member of China's National Team. Zhang (age 19) helped lead the Tianjin Lions to the league championship in three of the past five seasons and played in the 2006 World Baseball Classic. (CBS Sportsline.com, 6/18/07)
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Basketball
Infront Sports & Media, the exclusive marketing partner to the China Basketball Association and China's national basketball team, has signed a deal with Excel Sports Management to develop an athlete representation basketball business in China. Excel currently represents NBA players Jason Kidd, Paul Pierce, Lamar Odom, among others. (Sportbusiness.com, 6/20/07)
Golf
Korean male K.J. Choi shot a final round 7-under 65 enroute to winning the Memorial Tournament at the Muirfield Village Golf Club in Dublin, Ohio. The win was Choi's 5th career victory on the PGA Tour, and earned him $1.08 million. (Yahoo!Sports, 6/3/07)
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Other Sports
The Beijing Olympic Organizing Committee has hired Aramark to provide food services in the athletes village, media villages, international broadcast center and main press center during the 2008 Summer Games in Beijing, China. (Sports Business Journal, 6/10/07)
ESPN is buying Cric-info.com, the worlds largest specialist cricket website from British publishing company Wisden Group. Cric-info.com was founded in 1993 and has more than 7 million users each month. (Los Angeles Times, 6/12/07)
Yahoo! announced that it will acquire online college and high school sports site Rivals.com, which offers editorial content, college message boards, and extensive recruitment news on a network of more than 150 websites attracting over a combined 2 million unique visitors per month. (Digital Media Wire, 6/21/07)
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China
Google and Sina, the operator of China's most visited web portal, announced plans to cooperate on search services and advertising, giving the US-based search giant an ally as it seeks to wrest market share in China from local search leader Baidu.com. (Wall Street Journal, 6/12/07)
Thursday, May 31, 2007
May 2007
Baseball
Japan's Pacific League has created Pacific League Marketing, a joint licensing company focused primarily on digital media and wireless content as part of a broader effort to prop up the wavering economic fortunes of the Japanese Baseball League. Loosely modeled after MLB Advanced Media and MLB Properties, the 6 teams in the league have combined to make an initial investment of about $500,000. With the exception of the Yomiuri Giants, most Japanese baseball teams have operated at a loss throughout the years. (Sports Business Journal, 5/28/07)
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Basketball
The National Basketball Players Association has struck a business development deal with International Trust & Investment Corp.'s Citic Guoan Group, China's largest state-run investment company, to develop business opportunities for active and retired NBA players in China. (Sportbusiness.com, 5/10/07)
Tapping Chinese basketball star Yao Ming of the Houston Rockets as an equity partner, 24 Hour Fitness plans to open 20-30 workout facilities in the next five years throughout China. (Sports Business Journal, 5/20/07)
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Football
The NFL has agreed to a deal with Titan Media, the largest and most widely read sports newspaper in China, to increase the coverage of the NFL and American football. (Sportbusiness.com, 5/3/07)
The Arena Football League will face expiration of the patent for its game system, including its rules, netting and goal post configuration, on 9/30/07. The Arena Football Game System made the AFL the only sports league in history to play in a patent-protected game. (Sports Business Journal, 5/28/07)
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Other Sports
IMG announced its acquisition of Collegiate Licensing, the largest collegiate trademark licensing agency in the US, in a deal marking IMG's first foray into college sports, which the company believes has high-growth marketing potential, particularly overseas. (Wall Street Journal, 5/1/07)
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China
Avon reported that 1Q net income nearly tripled as the company saw strong international sales, particularly in China and Russia. Asian-Pacific sales soared 44% in China, reflecting further expansion of the company's direct-selling business, which contributed more than 50% of region's quarterly revenue. (Wall Street Journal, 5/2/07)
In a historic prelude to the Beijing Olympics, China will be represented in its first Rose Parade float in conjunction with Avery Dennison, a company based in Pasadena, California. (Los Angeles Times, 5/19/07)
Televisa, the Mexican TV network, announced a deal with the Chinese government to make Chinese versions of its most successful programming, including its soap operas, or novellas, which are already dubbed into more than 50 languages. (Los Angeles Times, 5/31/07)
Japan's Pacific League has created Pacific League Marketing, a joint licensing company focused primarily on digital media and wireless content as part of a broader effort to prop up the wavering economic fortunes of the Japanese Baseball League. Loosely modeled after MLB Advanced Media and MLB Properties, the 6 teams in the league have combined to make an initial investment of about $500,000. With the exception of the Yomiuri Giants, most Japanese baseball teams have operated at a loss throughout the years. (Sports Business Journal, 5/28/07)
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Basketball
The National Basketball Players Association has struck a business development deal with International Trust & Investment Corp.'s Citic Guoan Group, China's largest state-run investment company, to develop business opportunities for active and retired NBA players in China. (Sportbusiness.com, 5/10/07)
Tapping Chinese basketball star Yao Ming of the Houston Rockets as an equity partner, 24 Hour Fitness plans to open 20-30 workout facilities in the next five years throughout China. (Sports Business Journal, 5/20/07)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Football
The NFL has agreed to a deal with Titan Media, the largest and most widely read sports newspaper in China, to increase the coverage of the NFL and American football. (Sportbusiness.com, 5/3/07)
The Arena Football League will face expiration of the patent for its game system, including its rules, netting and goal post configuration, on 9/30/07. The Arena Football Game System made the AFL the only sports league in history to play in a patent-protected game. (Sports Business Journal, 5/28/07)
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Other Sports
IMG announced its acquisition of Collegiate Licensing, the largest collegiate trademark licensing agency in the US, in a deal marking IMG's first foray into college sports, which the company believes has high-growth marketing potential, particularly overseas. (Wall Street Journal, 5/1/07)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
China
Avon reported that 1Q net income nearly tripled as the company saw strong international sales, particularly in China and Russia. Asian-Pacific sales soared 44% in China, reflecting further expansion of the company's direct-selling business, which contributed more than 50% of region's quarterly revenue. (Wall Street Journal, 5/2/07)
In a historic prelude to the Beijing Olympics, China will be represented in its first Rose Parade float in conjunction with Avery Dennison, a company based in Pasadena, California. (Los Angeles Times, 5/19/07)
Televisa, the Mexican TV network, announced a deal with the Chinese government to make Chinese versions of its most successful programming, including its soap operas, or novellas, which are already dubbed into more than 50 languages. (Los Angeles Times, 5/31/07)
Monday, April 30, 2007
April 2007
Baseball
It was revealed that Japan's Seibu Lions paid rewards to 170 managers at amateur teams for their help in acquiring players over a 27-year period from 1978 to 2005. (Daily Yomiuri Online, 4/5/07)
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Basketball
Pearl River Brewery has agreed to become the official beer of Team China Basketball in a deal brokered by Infront Sports & Media, the exclusive marketing partner of the Chinese Basketball Association. (Sportbusiness.com, 4/6/07)
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Other Sports
CBS acquired MaxPreps.com, a high school network that provides scores, schedules, rankings and streaming videos, and will fold it under their CSTV unit. (Wall Street Journal, 4/12/07)
China's National Stadium Co. said the naming rights for the 91,000-seat Olympic Stadium in Beijing will be sold after the 2008 Summer Games with no restriction on foreign companies. (Sports Business Journal, 4/21/07)
ESPN Star Sports announced plans to launch Star Cricket, a dedicated cricket channel in India, in June 2007. ESPN Star Sports acquired the rights for the International Cricket Council (ICC), including the next two World Cups in 2011 and 2015, in a $1.1 billion deal. (Sportbusiness.com, 4/26/07)
The first 40,000 tickets for the New York Giants-Miami Dolphins game at Wembley Stadium in London on 10/28/07 sold out in 90 minutes. Those tickets were sold to European fans who had registered for a drawing to purchase tickets. (Sports Business Journal, 4/28/07)
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China
Ticketmaster is expanding its presence in China by helping to build a ticketing infrastructure for a joint venture formed by the Nederlanders, a major Broadway theatrical family, to present Broadway-style shows in China. (Wall Street Journal, 4/12/07)
Gome Electrical Appliances, China's largest electrical-appliance retailer, said net profit rose 64%, helped by China's booming consumer-electronics retail industry. (Wall Street Journal, 4/20/07)
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India
Hershey Co. agreed to pay about $60 million for a 51% equity stake in Godrej Beverages & Food, an Indian company that will help the US chocolate maker gain access to a fast-growing confectionary market. (Wall Street Journal, 4/13/07)
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Other Business
Marvel Entertainment has reached a deal with Al Ahli Group from United Arab Emirates (UAE) to license its superheroes, including Spider-Man, the X-Men, the Incredible Hulk, and the Fantastic Four, to a new theme park in Dubai. (Wall Street Journal, 4/12/07)
It was revealed that Japan's Seibu Lions paid rewards to 170 managers at amateur teams for their help in acquiring players over a 27-year period from 1978 to 2005. (Daily Yomiuri Online, 4/5/07)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Basketball
Pearl River Brewery has agreed to become the official beer of Team China Basketball in a deal brokered by Infront Sports & Media, the exclusive marketing partner of the Chinese Basketball Association. (Sportbusiness.com, 4/6/07)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Other Sports
CBS acquired MaxPreps.com, a high school network that provides scores, schedules, rankings and streaming videos, and will fold it under their CSTV unit. (Wall Street Journal, 4/12/07)
China's National Stadium Co. said the naming rights for the 91,000-seat Olympic Stadium in Beijing will be sold after the 2008 Summer Games with no restriction on foreign companies. (Sports Business Journal, 4/21/07)
ESPN Star Sports announced plans to launch Star Cricket, a dedicated cricket channel in India, in June 2007. ESPN Star Sports acquired the rights for the International Cricket Council (ICC), including the next two World Cups in 2011 and 2015, in a $1.1 billion deal. (Sportbusiness.com, 4/26/07)
The first 40,000 tickets for the New York Giants-Miami Dolphins game at Wembley Stadium in London on 10/28/07 sold out in 90 minutes. Those tickets were sold to European fans who had registered for a drawing to purchase tickets. (Sports Business Journal, 4/28/07)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
China
Ticketmaster is expanding its presence in China by helping to build a ticketing infrastructure for a joint venture formed by the Nederlanders, a major Broadway theatrical family, to present Broadway-style shows in China. (Wall Street Journal, 4/12/07)
Gome Electrical Appliances, China's largest electrical-appliance retailer, said net profit rose 64%, helped by China's booming consumer-electronics retail industry. (Wall Street Journal, 4/20/07)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
India
Hershey Co. agreed to pay about $60 million for a 51% equity stake in Godrej Beverages & Food, an Indian company that will help the US chocolate maker gain access to a fast-growing confectionary market. (Wall Street Journal, 4/13/07)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Other Business
Marvel Entertainment has reached a deal with Al Ahli Group from United Arab Emirates (UAE) to license its superheroes, including Spider-Man, the X-Men, the Incredible Hulk, and the Fantastic Four, to a new theme park in Dubai. (Wall Street Journal, 4/12/07)
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