Sportsworld Media - Re Contract
May 08 2000 - 3:02AM
UK Regulatory
RNS Number:1482K
Sportsworld Media Group PLC
8 May 2000
SPORTSWORLD EXPANDS FREESPORTS PORTFOLIO
WITH INTERNATIONAL TRIATHLON UNION
Sportsworld Media Group plc, the sports, media and entertainment business,
announced today its appointment as exclusive marketing and media agent to the
International Triathlon Union (ITU), the governing authority for the sports of
Triathlon, Duathlon and related multi-sports worldwide.
Under the terms of the six year renewable contract, Sportsworld will provide a
range of brand marketing services to extend the Triathlon's visibility and
profile. In return, Sportsworld has exclusivity to the media and marketing
rights attached to the events, which are becoming increasingly attractive to
broadcasters, but have traditionally been under exploited. Sportsworld's
ongoing strategy includes the development of a completely new range of TV
products and the creation of a series of elite level events to leverage the
value of the rights.
Sportsworld's involvement with freesports began with the acquisition of SSM
Freesports in April 1999, and consequently the Company has a strong focus on
new generation and lifestyle sports, such as snowboarding and surfing, which
appeal strongly to a 16-35 demographic, which is highly attractive to
advertisers. SSM believes Triathlon is an excellent addition to the
Sportsworld portfolio, has great potential for television, and is anticipating
strong take up by broadcasters for the new 12 part series for the year 2000.
Distribution has already been secured in 50 countries.
In the past 10 years, Triathlon has created a strong national presence in well
over 100 countries and its appeal is reinforced this year by its inaugural
appearance in the Sydney Olympics. The women's Triathlon event is to open the
Olympic Games, symbolising a new attitude to sport in the millennium.
Commenting on the contract win, Sportsworld's Chief Executive Geoff Brown
said:
"The addition of Triathlon to our portfolio of freesports is consistent with
our strategy of expanding further into this exciting and fast growing market
which, with its 16-35 demographic, is an increasingly popular programming
market with international broadcasters. Our programme for the ITU is
ambitious, but eminently achievable."
ITU President, Les McDonald commented:
"We considered a number of potential partners, but Sportsworld and SSM's
approach to our sport was by far the closest to our expectations. We are
confident that Sportsworld has the energy and sophistication to develop the
ITU into an extremely strong brand."
Enquiries:
Geoff Brown, Chief Executive
Sportsworld Media Group plc Tel: 020 7240 9626
Shaun Whatling, Director
SSM Freesports Tel: 020 8785 0851
Tim Spratt / Tania Wild
Financial Dynamics Tel: 020 7831 3113
END
CNTUUUMGAUPUGRA
Sportsworld Media (LSE:SWD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Sportsworld Media (LSE:SWD)
Historical Stock Chart
From Jul 2023 to Jul 2024