Disney castle. Photo by Mweebo on PXHere

Where did Disney and Live Nation’s missing $10 billion go?

In both economic and pandemic terms, we are in a relatively quiet period compared to the first half of the year. COVID-19 is at much lower levels in most countries and there are multiple sectors, such as housing and auto, that are reporting booms. These positive indicators will likely be both a pre-recession bounce and the lull before COVID-19’s second peak. However, there is a crucial subtext here, which is that one sector’s loss is often another’s gain. COVID-19 saw winners and losers, as any post-recession recovery is defined by…

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Estadio Wanda Metropolitano

Long term impact of live sport hiatus revealed in Wanda Sports financials

Wanda Sports Group’s (WSG) Q2 financials highlight a significant decline in revenues on account of “the broad effects of COVID-19 mitigation efforts”. WSG reported a second successive quarter of decreasing revenues, following its disappointing Q1 results which saw a 26% year-on-year (YoY) decline attributed to losses within the Chinese company’s spectator sports and mass participation divisions. COVID-19’s impact on a leading global sports event media and marketing platform so reliant on live sports was always going to be negative. WSG’s Q2 earnings however, exposed just how vulnerable sporting organisations are during global pandemics, and with a global…

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Bramley Moore Stadium West Stand SW view

Everton FC reveals update on Bramley-Moore Dock Stadium

English Premier League soccer side Everton FC continues on its long journey to build a new home stadium at Bramley-Moore dock and has revealed further information, including updated plans and design amendments. The club has undertaken improvements to the design to meet the satisfaction of the local authority planning approval, with much consideration being given to keeping in with the heritage of the site. Should all go to plan and be given the green light, Everton has announced it ‘anticipates a planning determination by the end of the year and…

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