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Two way battle for live sports in India: Sony to acquire TEN Sports from Zee for $385 million

Looks like the sports broadcasting business in India is in for some competition, and it's going to be a two way battle between Sony and STAR: Sony Pictures Networks India is buying TEN Sports and its portfolio of channels from the Zee group company Zee Entertainment Enterprises Limited. With this, Zee exits the Sports broadcasting business which reported a loss of Rs 37.2 crores on revenues of Rs 631 crores for the company, for the financial year ended 31st March 2016. Zee intends to focus on "broadcast, digital, films, live events and international business." Here's what's being bought: Channels: TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket, TEN Sports Operating in territories: the Indian sub-continent, Maldives, Singapore, Hong Kong, Middle East, Caribbean. Rights: Cricket Rights: Cricket boards including South Africa, Pakistan, Sri Lanka, West Indies and Zimbabwe Football rights: UEFA Champions League, UEFA Europa League, French League, English Football League Cup Tennis Rights: WTA Events, ATP events Golf Rights: European Tour, Asian Tour, Ryder Cup, US PGA Championship, LPGA Tour, Professional Golf Tour of India and Golf Channel Block Athletics Rights: Asian Games, Commonwealth Games), motor sports (Moto GP) and cycling (Tour de France) events. Others: wrestling (WWE) Zee owned these channels and rights via two subsidiaries: Taj TV Ltd, Mauritius (which owns global rights, including for the five Cricket boards mentioned), and Taj Television (India) Pvt Ltd (which is an agent for downlinking, marketing and ad sales for channels owned by Taj TV Ltd). The business is being…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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