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SAO PAULO : Brazilian investment manager and broker XP on Thursday launched a fund to raise some 800 million reais ($162 million) to buy commercial rights of some soccer clubs from the country.
:Indian billionaire Mukesh Ambani's broadcasting unit grabbed rights to televise and live stream the national cricket team's bilateral matches for $721.41 million, in its latest win over Walt Disney that had previously held the rights.
:Indian billionaire Mukesh Ambani's broadcasting unit has won rights to televise and live stream the Indian cricket team's bilateral matches for $721.41 million, in what is the latest face off in a cricket mad nation with Walt Disney, which earlier held these rights.
:India's Reliance Industries -owned Viacom18 won television and digital media rights to the Indian cricket team's bilateral games for the next five years in a bid worth around 59.63 billion rupees ($721.3 million), the Board of Control for Cricket in India said on Thursday.
Viacom 18 on Thursday created a near monopoly in Indian cricket broadcasting sphere by bagging both TV and digital rights of the national team's home series for the next five years with a cumulative bid of approximately Rs 6000 crore, beating Star India and Sony in a three-way battle. The BCCI had invited separate e-bids for both linear (TV) and digital for best price discovery. "Viacom 18 paid Rs 3101 crore (approximately) for digital and Rs 2862 crore for linear (TV). As has been the trend, digital has fetched more. "With IPL digital rights being bought by Viacom for Rs 26,000 crore plus, they now have almost all the high profile cricket properties save IPL linear (TV) and ICC events," a broadcasting industry source, tracking developments closely, told PTI on conditions of anonymity.
Viacom18 secured both the TV and digital rights for all Board for Cricket Control in India (BCCI) matches to be played in India for the 2023-28 cycle. As a result, Sports18 will be telecasting both international and domestic matches on TV while on the digital front, JioCinema will be livestreaming all the games. The five-year cycle will begin on September 2023 and will end on March 2028 with a total of 88 bilateral matches (which can increase to 102 matches). There will be 25 Test matches, 27 ODIs and 36 T20Is. Viacom 18 faced tough competition from Sony Pictures Network India and Disney Star in the e-auction on Thursday.
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Thousands of flights have been disrupted today after a technical fault caused major disruption to air traffic control. Passengers across the UK and abroad have found their flights either delayed or called due to the issue.