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BIG Entertainment Acquires 75% Stake In Willow TV; $60-70 Million Investment; IPL Streaming Rights For Americas;


Reliance BIG Entertainment, an Anil Ambani company, has acquired a 75% stake in Willow.tv, an online Cricket streaming site. WSJ adds that Reliance will spend $60 million to $70 million on the acquisition and expansion of the portal. Willow.tv claims a million registered users, but that number doesn’t mean a thing without their prized assets – the America rights for streaming Cricket matches. They own the rights to stream Indian Premier League (IPL) matches in the Americas for the next five years.

Thus, Reliance Entertainment has also acquired the IPL streaming rights for the Americas for the next five years.

Around the time that they announced the IPL deal, Willow had also tied up with Reliance Entertainment company BIGFlix for “Ticket to Cricket“, offering US based customers coupons for watching Cricket matches on Willow.tv. I wonder if the talks for the deal germinated around that time, or whether the deal had already been done, and is only being announced now.

How Will Reliance Leverage This Acquisition?
Reliance Entertainment will use the “Network Effect” that Network18 keeps talking about – try to sell combo offers for Cricket, with India Calling Cards or BIGFlix. Willow already has ads from BIGFlix and Reliance Global Call.

Related:
BIGFlix Targets Rs. 10 Crore Ad Revenue, 5000 Film Catalog, 200 Rental Outlets By March09
On IPL Season 2: The real challenge lies in Season 2: Sundar Raman, CEO, IPL

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  • http://www.crickethits.com cricketcrazy

    Cricket is the next big thing after News and Movies for Indian websphere. Unfortunately, I don’t see much ” imaginative growth” in this field. Cricinfo is the exception, who thinks like a cricket portal; others are just trying to cash in on the passion. Take for example this site in question, Willow TV. Only the home page looks complete, other pages are half baked or still in process. The site says that it has been providing streaming feed since 2003. After 5 years, this result!!! I am amazed. You need passion for something to succeed, buying/ acquisitions are no guarantee of success in web world because here, content & customer is the king.