Brands
Tata Communications appoints iSportconnect as strategic partner
MUMBAI: Tata Communications is a digital ecosystem enabler that powers today’s fast-growing digital economy, the company enables the digital transformation of enterprises globally, including 300 of the Fortune 500.
This partnership comes at a time when Tata Communications is focusing on the digital transformation of sports broadcasting and live streaming to aid Sports Federations and Rights Holders.
Tata Communications currently delivers over 5,000 live sporting events globally, including majority of motorsports in Europe, cricket, football, and most major global sports federations.
Low latency streaming is another key focus for Tata Communications who help their clients to build a greater audience share. With nearly 30 percent of the world’s Internet routes travelling over its network, Tata Communications has established itself as a leader in the increasingly digital, cloud-powered, and IP-enabled media and entertainment industry.
Tata Communications, global head and general manager of media and entertainment Dhaval Ponda said: “We are very happy to have appointed iSportconnect as a strategic partner. This is another step for us as we look to continue and expand our work within the industry.
iSportconnect Founder and CEO Sree Varma commented: “At iSportconnect, we are thrilled to now be working alongside a company such as Tata Communications. This partnership with Tata Communications is a statement from us here at iSportconnect and how we hope to play a key role in their market growth and look forward to a successful partnership.”
iSportconnect’s Consultancy division works to help our clients with commercial development, marketing and communications and business strategy surrounding the world of sport. We help to provide business intelligence, global sports market entry strategy and support and are constantly on hand as advisors 24/7 for our clients. Some of our consultancy clients include the likes of LaLiga, Sodexo, Sportradar, Hookit and ATPI.
Brands
UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
