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Dream Sports’ FanCode to broadcast ATP men’s tennis in Indian subcontinent

EntrackrEntrackr · 2m ago
Dream Sports’ FanCode to broadcast ATP men’s tennis in Indian subcontinent
Medial

Sports streaming platform FanCode, owned by Dream11 parent Dream Sports, has secured exclusive media rights to broadcast men’s tennis across the Indian subcontinent. The multi-year partnership with ATP Media will allow FanCode to stream ATP Tour matches across India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, and the Maldives. Under the agreement, FanCode will broadcast over 50 ATP tournaments annually, including marquee events such as ATP Masters 1000, ATP 500, and ATP 250 tournaments, along with the season-ending Nitto ATP Finals. FanCode is also expected to roll out India-focused shows and regional storytelling formats to broaden the sport’s appeal. The deal expands FanCode’s growing sports rights portfolio, which already includes Formula 1, LaLiga football, MotoGP, PGA Tour golf, and several domestic cricket properties.

Exclusive: Dream11 set to shut its core real-money gaming biz

EntrackrEntrackr · 7m ago
Exclusive: Dream11 set to shut its core real-money gaming biz
Medial

Exclusive: Dream11 set to shut its core real-money gaming biz “The decision was communicated during an internal town hall on Wednesday,” said one of the sources on condition of anonymity. “RMG contributes more than two-third of the company’s annual revenue.” Dream11 (Dream Sports) is winding down its real money gaming operations, sources aware of the development told Entrackr. The decision comes on the heels of the government’s recent Online Gaming Bill 2025. “The decision was communicated during an internal town hall on Wednesday,” said one of the sources on condition of anonymity. “RMG contributes more than two-third of the company’s annual revenue.” The landmark Bill, passed by the Rajya Sabha and Lok Sabha, bans all forms of online games involving monetary stakes, including fantasy sports, poker, betting apps, and opinion trading platforms. The Bill also prohibits celebrity endorsements and makes violations a criminal offense, carrying imprisonment of up to three years and fines of up to Rs 1 crore, with personal liability extended to company directors and promoters unless they can prove due diligence. According to sources, Dream11 will now shift focus to expanding its non-real-money gaming ventures such as Fancode, Sportz Drip (formerly Sports Rhythm), and its investments in Cricbuzz and Willow TV. “The firm is also likely to explore new game formats for overseas markets, similar to the strategy adopted by Mobile Premier League (MPL),” said a second source requesting anonymity. "The shutdown will also trigger severe cost-cutting measures, including mass layoffs, as the RMG business employed the majority of the firm’s workforce,” the person added. Dream11 has declined to comment on the story. Dream11’s revenue from operations surged to Rs 6,384 crore in FY23 from Rs 3,841 crore in FY22. During the period, its profit also increased 32% to Rs 188 crore. It has yet to file its annual report for FY24 and FY25.

Dream Sports restructures business as over 100 executives exit

EntrackrEntrackr · 7d ago
Dream Sports restructures business as over 100 executives exit
Medial

Dream Sports, the parent of Dream11, has reorganised its operations following regulatory challenges in the real-money gaming (RMG) sector, leading to the exit of more than 100 executives. After the online gaming ban in August last year, Dream Sports reorganised into multiple startups including Dream11 (pivoted), FanCode, DreamSetGo, DreamCricket, Dream Play, Dream Money, and Dream Horizon. Confirming the development to Entrackr, a Dream Sports spokesperson said, “Dream11’s 700 employees were redistributed across these startups based on experience. Around 15% chose to leave for larger companies or start their own ventures, while attrition is only slightly higher than the earlier 10%.” According to Dream Sports, it currently has around 950 employees. Following the ban on real-money gaming, Dream Sports has shifted from fantasy gaming to a global sports entertainment platform, with creator-led watch-alongs, fan interactions, banter streams, and free-to-play fantasy formats. Dream11’s revenue from operations declined 15% year-on-year to Rs 6,759 crore in FY25 from Rs 7,934 crore in FY24. The firm reported a loss of Rs 479 crore in FY25, compared to a profit of Rs 1,295 crore in FY24. According to the company’s filing, costs booked against the domicile shift and directors' benefits led to the loss. The RMG ban had triggered a wave of layoffs across the sector, forcing companies to explore ad-driven and subscription-led monetisation models. The list includes Gameskraft’s 400 layoffs, A23 Rummy (Head Digital Works) cutting 500 jobs, Zupee axing 170, MPL shrinking up to 60% of its staff, and Baazi Games reducing its headcount by 200. Games24x7 reportedly laid off 70% of its workforce. Some of these companies are also facing heat from the government's financial investigation agency Enforcement Directorate (ED).

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