Tata Sons, the holding company of India's Tata Group, has increased its stake in satellite TV provider Tata Play to 70% by buying a 10% stake from Singapore state investment firm Temasek for about $100 million, the Economic Times reported on Tuesday. Tata Play has informed the Ministry of Information and Broadcasting about the change in shareholding, complying with regulations governing direct-to-home (DTH) companies, according to the report, which cited people familiar with the matter.
Comcast's NBCUniversal is planning to pay an average of about $2.5 billion a year to broadcast a package of National Basketball Association (NBA) games, the Wall Street Journal reported on Monday, citing people familiar with the matter. Warner Bros Discovery's TNT has paid an average fee of $1.2 billion under its current deal, but was unable to reach a new pact with the NBA before an exclusive negotiating window expired last week, according to the report. Warner began airing the games in 1984, while Walt Disney's ESPN sports network began broadcasting the NBA in 2002.
The latest trading day saw Walt Disney (DIS) settling at $112.08, representing a -0.58% change from its previous close.