As Euro 2016 kicks off, big media sports deals in Europe and China, VC legend Tom Perkins has died, a French blow for Uber. #techFT is a daily newsletter on technology, media and telecoms. You can sign up here.
As the Euro 2016 football tournament kicks off today, the media’s obsession with sport is reflected in a number of deals.
Sky is maintaining its dominance of German football but will have to share the rights to screen live Bundesliga matches with Eurosport, in a new four-year deal just announced worth a record €4.6bn. Meanwhile, Vivendi’s plan to restore the fortunes of its pay-TV business Canal Plus has been dealt a hefty blow by a French antitrust regulator, which has blocked a proposed sports distribution tie-up with al Jazeera’s BeIn Sports. The competition authority said the €1.5bn deal announced earlier this year would have been detrimental to the market because it would have controlled “80 per cent of sports rights” in France.
Henny Sender in Hong Kong reports WME-IMG is teaming up with venture firm Sequoia Capital China and internet group Tencent to expand the US sports and entertainment conglomerate’s Chinese business. The venture, which is expected to be announced in the next few days, will involve staging mainland events and setting up sponsorship and advertising deals for the Los Angeles’ firm’s roster of sports leagues, athletes, film stars and models. It will also seek to sign up Chinese stars and help make them global, according to people with direct knowledge of the transaction.
That’s ambitious. A Chinese Ronaldo or Beckham is currently as likely as Albania winning Euro 2016.
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Tom Perkins dies The pioneer of Silicon Valley’s venture capital industry and, more recently, one of its more controversial and outspoken figures,has died at the age of 84. Through Kleiner Perkins Caufield & Byers, which he set up with the Austrian-born engineer Eugene Kleiner in 1972, he helped establish a firm that went on to dominate the start-up financing landscape, though its star has faded somewhat in the latest boom.
French blow for Uber A French court found the car-hailing company and two of its executives guilty of starting an “illegal” car-booking service with its now defunct UberPop, in the first criminal ruling that targets Uber managers.
Sony PS4 upgrade Sony is developing an upgraded version of its PlayStation 4 gaming console that will offer ultra-high definition 4K resolution and richer graphics, according to the unit’s chief executive, as the company strives to maintain its lead over rivals Microsoft and Nintendo.
Amazonfresh v Ocado Brooke Masters has been comparing Amazon’s Fresh grocery delivery service, launched in the UK this week, with her regular home deliveries from Ocado. Fresh had one key flaw.
Boldly not going Ambition in the tech world is still alive and well, writes Richard Waters in Inside Business. But, after years of eye-catching headlines and bold claims about so-called “moonshot” projects, the world is still waiting.
Music in the age of the algorithm Whatever happened to the long tail?asks Ludovic Hunter-Tilney. In music, the big stars still dominate. He reviews the books You May Also Like: Taste in an Age of Endless Choice, by Tom Vanderbilt and Every Song Ever: Twenty Ways to Listen to Music Now, by Ben Ratliff.
How to run a Russian hacking ring The cacophony of news about data breaches, ransomware and bank thefts has made hackers sound like omnipotent super-villains. The reality is “as unglamorous as any other business”, shows one report on a Russian cyber crime ring. (The Atlantic)
Apple power Apple has established a subsidiary called Apple Energy that may sell excess electricity generated from the company’s various solar projects in California and Nevada. (Fortune)
Tech tools you can use – Sony Smart Tennis Sensor
With Wimbledon just around the corner, the FT’s Lauren Fedor has beentrying apps and gadgets to improve her game. They include Sony’s Smart Tennis Sensor (£170), a red, bottle cap-sized device that snaps on the grip end of compatible rackets from Wilson, Head, Prince and Yonex. The sensor collects data on the number and speed of shots, as well as where the ball made contact with the racket, sending the information via Bluetooth to an iOS or Android companion app. The data can be stored in the sensor and synced to the app later, or transmitted in real time.
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