VENTURE CAPITAL POST

Facebook has come out with yet another special feature, this time, exclusively for the sports fans. Its Sports Stadium will be a virtual hub for millions of sports fanatics to get together and post photos/videos, like them, look at a dashboard full of stats and, most importantly, chat about the games, all the while getting access to expert commentary by celebrities and their teams. Currently, this space has only been rolled out for iOS in the US.

ESPN, the top sports network on cable, could be sold as standalone to its subscribers in the future, but not so soon. Analysts say that it would be too expensive to watch ESPN shows if it would be sold on standalone.

A vast majority of Americans would prefer to assemble their own pay TV channels rather than subscribe to packages that include dozens or hundreds of networks, a new Reuters/Ipsos poll found in a challenge to traditional television distribution.

Facebook Inc (FB.O) on Wednesday opened up its Messenger service for developers to create apps and for shoppers to communicate directly with retailers, as the Internet company seeks to expand its reach.

Walt Disney Co's (DIS.N) quarterly revenue and profit topped Wall Street estimates as visits to its theme parks rose and last year's animated film hit "Frozen" drove home video and toy sales.

U.S. broadcast regulators have fined Viacom Inc and ESPN $1.4 million "for misusing the emergency alert system" warning tones in a movie promotion in 2013, the Federal Communications Commission said on Tuesday.

U.S. broadcasting companies CBS Corp and Dish Network Corp reached a multiyear deal on Saturday with CBS agreeing to continue to deliver its programs to Dish's 14 million subscribers.

NBA Commissioner Adam Silver said on Thursday he "couldn't disagree more" with remarks made by the head of the players union that the league's salary cap is unjust and un-American.

Walt Disney Co (DIS.N) reported a better-than-expected 7 percent increase in quarterly revenue on Thursday, driven by hit movies "Guardians of the Galaxy" and "Maleficent."

National Basketball Association executives should be popping the champagne over their jaw-dropping television contracts totaling $24 billion because such big-money deals are likely to vanish, analysts say.

Ten years ago, Walt Disney Co, having fended off a hostile bid from Comcast, had to make a case why it was better off as an independent company.

The National Basketball Association has reached long-term media rights contracts with Walt Disney Co and Time Warner Inc's Turner Broadcasting, more than doubling the fees it received under the previous contracts, the Wall Street Journal reported, citing people familiar with the matter.

AllThingsD reported Google Inc is currently having talks with the National Footbal League to acquire the rights to NFL's Sunday Ticket service presently owned by DirecTV.