‘Gujarat Titans could make profits the next rights cycle’

March 20, 2024

CVC Capital Partners-owned Indian Premier League franchisee Gujarat Titans expects to become profitable in the next media rights cycle, a top executive told ET. CVC Capital bought Gujarat Titans, IPL’s Ahmedabad franchisee, for Rs 5,625 crore in 2021 for 10 years. Ahmedabad is the second-most expensive IPL franchisee after Lucknow, which was acquired by the …

Amagi Media Labs: Amagi Media expects to turn profitable soon

December 26, 2023

Mumbai: Media technology company Amagi Media Labs, which was last valued at $1.4 billion, is hoping to become profitable in the first half of 2024, the company’s cofounder said. “We are just about a couple of months away from becoming profitable. We hope to become profitable in the first half of 2024,” Amagi Media Labs …