Latest Media And Entertainment News

Sports Entertainment Group has completed its NZ$130 million acquisition of MediaWorks, creating a trans-Tasman audio group with more than 5 million listeners. The combined business starts with pro forma net leverage of 1.84 times and a management target of approximately 1.2 times within two years.

Nine Entertainment has extended its Australian Premier League streaming and broadcast rights through the 2033-34 season, securing a major audience driver for Stan Sport. The deal carries an expected rights-fee increase of about 3% a year, while Nine says changes to legacy Optus discounts and other initiatives should offset higher costs.

Vinyl Group Ltd lifted revenue by nearly 31% to $18.85 million in FY2026 but continued to post a loss, albeit nearly halved to $8.65 million. The media company expanded aggressively through multiple acquisitions, boosting its asset base and goodwill while maintaining a going concern stance.

Sky Network Television Limited posted a robust FY26 with 9% revenue growth, a 45% dividend increase, and secured major sports rights through 2034, underpinned by the integration of Sky Free.

Nine Entertainment Co. Holdings Limited posted a $511 million statutory net profit for FY26, driven by significant portfolio restructuring and growth in digital and outdoor advertising, while advancing AI licensing partnerships.

ARN Media posted a $28.3 million net loss for the half-year to June 2026, hit by a $25 million impairment and legal settlements, while digital revenue grew and cost savings accelerated.

Sports Entertainment Group (ASX:SEG) has secured A$14.6 million in an oversubscribed placement at A$0.28 per share to back its transformative acquisition of New Zealand’s MediaWorks. The deal creates a trans-Tasman media powerhouse with combined pro forma FY26 revenue of A$284 million and EBITDA of A$36.1 million.

Sports Entertainment Group (ASX: SEG) is set to acquire New Zealand’s leading audio business MediaWorks for NZ$130 million, creating a dominant trans-Tasman media group with over 5 million weekly listeners and significant earnings accretion.

Vinyl Group has expanded its media footprint through key acquisitions, boosting national audience reach and setting a clear path to profitability in FY27 with AI-driven Adaptive Media strategies.

Nine Entertainment has locked in exclusive free-to-air and streaming rights for NRL and NRLW matches from 2028 to 2034, reinforcing its dominance in Australian sports broadcasting and promising continued audience growth.

Nine Entertainment’s acquisition of QMS Media and sale of Nine Radio mark a strategic pivot, with strong Q3 digital and subscription revenue growth cushioning a cautious Q4 advertising environment.

Sports Entertainment Group (SEG) has upgraded its FY26 Underlying EBITDA guidance to a range of $15.5 million to $16.5 million, reflecting broad-based growth and operational efficiencies across its media and events businesses.