Latest news with #ExtremeH
Business Insider
08-07-2025
- Business
- Business Insider
'…A Wave of Momentum…' in Supertri League Gives Warner Bros Discovery Stock (NASDAQ:WBD) Little Help
Just last week, we discovered that entertainment giant Warner Bros. Discovery (WBD) was building some new live sports chops with Extreme H racing. That by itself was interesting enough, but now, we discover a whole new sports connection going on at Warner. Warner is building a connection with Supertri racing. Though investors did not seem especially interested in Warner's new connection to this niche sport. They and sent shares sliding nearly 2% in the closing minutes of Monday's trading. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Warner will now be handling live coverage of all Supertri League events in 2025, handling coverage throughout Europe, as well as Ireland specifically via TNT Sports. Supertri League, for those not familiar, is basically what Super League Triathlon used to be; a '…fast, technical and tactical…' racing league of triathlon racers. The first match under this new arrangement, reports note, will come out July 26 in Toronto, Canada, the league opening match for Supertri League 2025. It will go on from there, reports note, to events in Chicago, Jersey–a Crown dependency of the United Kingdom–and Toulouse in France. Considering all the smaller, almost niche, sports that Warner has been gathering unto itself for the last several months, this looks like an attempt to rebuild, effectively in aggregate, what it lost back when it lost the rights to NBA games. And while there is a certain risk of losing panache here, the possibility that one of these odd sports could be a breakout hit is worth pursuing. Pushing India Harder We have long known that Warner has been courting the Indian market. Its pursuit of 'homegrown heroes' for the kids' lineup has borne at least some fruit. And this plan may be working to Warner's advantage as Skandha will be bringing the Warner channels to the Indian market. Skandha Media Services will be bringing, among other channels, Cartoon Network, CNN International, and Eurosport to India via its over-the-top (OTT) platform. With Skandha bringing out over 150,000 hours of content with over 60 million views so far, it becomes that much clearer why Warner was pushing so hard to get that India-specific content. Is WBD Stock a Good Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on WBD stock based on nine Buys and eight Holds assigned in the past three months, as indicated by the graphic below. After a 57.81% rally in its share price over the past year, the average WBD price target of $12.50 per share implies 13.48% upside potential.
Daily Record
08-07-2025
- Science
- Daily Record
Extreme E's Hydro X Prix has 'transformative' impact on restoring salmon breeding grounds
The series - now called Extreme H - joined forces with Nith District Salmon Fishery Board to help with tree planting in a bid to boost salmon stocks. An all-electric racing series' visit to Dumfriesshire has had a 'truly transformative' impact on a project to restore salmon breeding grounds. This week marks one year since Extreme E held the second Hydro X Prix at Glenmuckloch near Sanquhar. Extreme E has held the Hydro X Prix at Glenmuckloch near Sanquhar for the past two years. As part of the series' legacy programme, it joined forces with Nith District Salmon Fishery Board (NDSFB) to help with tree planting in a bid to boost salmon stocks and improve their breeding grounds. And the efforts are already paying off, with the number of salmon fry found in every 100 square metres having improved by more than 200 per cent. NDSFB fishery director, Jim Henderson, said: 'The support from Extreme E has been truly transformative. Our goals were aligned from the offset, to initiate a project which would grow into a lasting environmental project that lasts long after the race has ended, leaving positive legacy. 'Their investment helped us establish not just a tree nursery, but a living laboratory for the local community, a place where young people can connect with nature, learn about conservation, and be inspired to become future stewards of our environment. It's a legacy that will continue to shape our river and our community for years to come.' Extreme E – which is becoming Extreme H due to its switch from electric to hydrogen power – got involved with the project during its first visit to the region in 2023 by helping with tree planting. Last year, pupils from Kelloholm Primary who had helped launched the scheme returned to plant more trees along the spawning ground a new plant nursery developed thanks to the series support. As well as helping NDSFB propagate local seeds into seedlings, it has also given them a living classroom More than 3000 native hardwood trees have been installed along the river bank, creating protective corridors for ecosystems to thrive. This has helped stabilise the banks, reducing erosion and the risk of salmon egg mortality, with fences protecting young trees from grazing livestock. Extreme H's official sustainability partner EY has used their outcome measurement framework to show the benefits of the project – such as number of trees planted and increased biodiversity. Extreme H's director of communications and impact, Julia Wall-Clarke, said: 'We are incredibly proud to see the legacy programme continue to grow and evolve here on the River Nith. 'What began as a meaningful initiative alongside our Hydro X Prix has become a truly community-led project with long-term environmental impact. 'Jim and his team deserve huge credit for their vision and commitment in creating a space that not only restores vital habitats but also empowers local people to take ownership of their natural environment. We'll be watching its progress with pride in the years to come.'
ITV News
08-07-2025
- Automotive
- ITV News
Extreme H and ITV Announce Multi-Year Broadcast Partnership
Pioneering hydrogen racing series Extreme H has confirmed a landmark multi-year broadcast agreement with ITV, the UK's largest commercial broadcaster. This partnership ensures fans in the UK can experience the revolutionary championship free-to-air and live across ITV4 and ITVX. Building on a successful relationship established during Extreme E, ITV has been a steadfast partner since the series' launch in 2021. This new agreement signals ITV's commitment to supporting Extreme H's cutting-edge vision as it transitions into the next chapter of zero-emission motorsport innovation. Extreme H and ITV share a profound commitment to sustainability. ITV continues to lead by example through its albert sustainable certification for all produced and commissioned programming in the UK, ensuring its shows achieve maximum audience impact with minimal environmental impact. ITV are also signatories of the Climate Content Pledge, amplifying content that inspires sustainable living and climate action. Niall Sloane, ITV Director of Sport, said: 'ITV and Extreme H have a longstanding relationship and we are pleased to continue our partnership building on the success of Extreme E. Extreme H represents the next frontier in racing innovation and we are sure our ITV audience will enjoy all of the action free-to-air on ITV4 and ITVX.' Ali Russell, Managing Director of Extreme H, said: "It is fantastic news to be extending our broadcast partnership with ITV as we introduce Extreme H to the world. This collaboration ensures that our innovative hydrogen-powered championship, featuring a gender-equal racing format, will continue to reach UK audiences on one of the most prominent platforms. 'ITV has been a long-term and passionate supporter of our mission, and this partnership not only highlights the excitement of our racing series but also amplifies critical messages around sustainable innovation and equal gender sports. I'd like to thank Niall Sloane and the ITV team for their continued commitment, and we look forward to working together to inspire change." Driving Forward with Extreme H Catie Munnings, British rally driver, echoed this sentiment: "This partnership extension is incredible news. The series has made tremendous strides in showcasing the possibilities of sustainable motorsport, and having ITV on board ensures these achievements, and the critical issues we're racing for, reach a wide audience. 'I'm excited to continue raising awareness about sustainability and gender equality through this unique championship." With Extreme H poised to debut later this year, this partnership ensures the series' innovative racing format will inspire UK audiences while amplifying its mission for sustainability, gender equality, and hydrogen-powered innovation.
Yahoo
01-07-2025
- Business
- Yahoo
E1 Series in €20m fundraise as it plots expansion and London race
Celebrity-backed electric powerboating series E1 is seeking around €20m (£17m) from a fresh round of fundraising as it this week steps up plans to secure a race in London. E1 has engaged Rothschild and Co to seek an investor to inject capital, which bosses have earmarked for a second fleet of boats and commercial and marketing activities. It comes as the series, which is 50 per cent owned by Saudi Arabia's Public Investment Fund, prepares to stage a showcase on the Thames on Wednesday. 'We are going through a fundraise because we want to build another set of boats,' said E1 CEO Rodi Basso. 'We're using Rothschild and co as an advisor. They have so far pitched our championship to 50 family offices, all interested in sports. 'We so far had 20 management pitches, of which I think five went to the second round. The target is by the Monaco race, which is 19 July, we should have more clarity on who's really interested.' E1 is keen to find a US investment partner that can help it grow its presence in North America, where team owners such as Will Smith and LeBron James are based. Interested parties are being invited to bid at their chosen valuation. PIF is not diluting its stake but declined to increase it. Basso says E1 is targeting a €500m valuation by 2030, based on increased sponsorship, higher entry fees and expanding the current seven-race calendar to 15 dates. London, where the series is headquartered and shares a base with fellow renewable energy-based racing competitions Formula E and Extreme H, is a key race candidate. E1's racebird boats will make their debut on the Thames today as part of a showcase that organisers hope strengthen their case for a race in the capital. 'We love these kind of iconic places. We also love to invite international guests to come to our races because that's also perceived as a great value for our state stakeholders,' said Basso. 'It would be amazing to race here. Let's say that we feel a light, gentle pressure in this short run that we are doing tomorrow [Wednesday], because I think we will be watched and observed to understand the impact. We are very close to the local authorities. 'London is not even England, it's not even Europe; London is the world. It's a super iconic city. The creative industry in England is huge. So it makes a lot of sense.' E1 is currently halfway through its second season, having completed races in Jeddah, Doha, Dubrovnik and Lake Maggiore. After Monaco, it races in Lagos and then Miami. Aside from Smith and James, team owners include Rafael Nadal, Tom Brady, Virat Kohli, Didier Drogba and Steve Aoki. Sign in to access your portfolio
The Star
01-07-2025
- Business
- The Star
Powerboat racing-E1 seeks new stakeholder to fund growth with more boats
LONDON (Reuters) -Electric powerboat racing's E1 World Championship is seeking 20 million euros ($23.55 million) of fresh capital to fund the growth of a series already backed by some of the biggest celebrities in sport and entertainment. Team owners include actor Will Smith, tennis great Rafa Nadal, NBA superstar LeBron James, seven-times NFL Super Bowl champion Tom Brady, Indian cricketer Virat Kohli and former footballer Didier Drogba. Chief executive Rodi Basso told reporters on Tuesday the series wanted to expand from nine to 12 teams and 15 races from a current seven, adding venues in Asia and South America, and have a 500 million pound ($685.35 million) valuation by 2030. He was unable to provide a current valuation. "We're using Rothschild and Co. as an advisor and focal point. They have so far pitched our championship to, like, south of 50 family office VC (venture capital), all interested in sports," said Basso. "We so far had 20 management pitches, of which I think five went already to the second round. The target is by the Monaco race, which is 19 July, we should have more clarity on who's really interested." Basso said the Saudi Public Investment Fund (PIF), investors in Formula E, Extreme H and E1 as part of an Electric 360 project, wanted to maintain their holding but not increase it. "They recognised if you get a strategic new stakeholder in the mix it could help the company to grow even better," he explained. "There's a lot of interest from the U.S. and 75% of the leisure boating market is from the U.S. and we have Tom Brady, Will Smith, Marc Anthony, Steve Aoki and LeBron James. We need to expand and explode in the U.S. "So if we have a strategic shareholder from there it will be very, very helpful." E1 has a 25-year exclusive licence from powerboating's global governing body, the Union Internationale Motonautique (UIM), and seeks to promote innovation in sustainable marine technology and coastal conservation. Basso said the new investment would fund a second set of boats to be kept in Singapore or Miami to minimise freight between races and allow sustainable expansion in the Far East and Americas. The RaceBird boats combine foil technology with advanced electric propulsion systems and can hit 93kph or 50 knots, with crews of male and female pilots. Team owners pay two million pounds initially, which they can recoup through sponsorship, and an operational fee with E1 providing and owning the boats in a "show up and race" format. Teams run to between five and 10 people. The boats will appear on London's River Thames for the first time on Wednesday in an early morning show run. The next race is in Monaco, followed by Lagos and then a finale in Miami. ($1 = 0.8493 euros) ($1 = 0.7296 pounds) (Reporting by Alan Baldwin, editing by...)
