Television

DD emerges as potential winner if rights case drags on

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/01/21/BCCI.jpeg?itok=swQXAAZH

NEW DELHI: Even as a crucial Zee Telefilms board meeting on the cricket rights issue continued till late this evening, the Board for Control of Cricket in India (BCCI) was preparing itself for alternate arrangements if a legal battle for rights spilled over into the Australian tour that gets off the ground early October.



According to information available with indiantelevision.com, a majority of the board members of Zee Telefilms, till the time of writing this report, were not in favour of agreeing to a court proposal given last week to have a re-bid involving the company and ESPN-Star Sports.



Zee Telefilms, which had thought it had successfully pocketed the Indian cricket telecast rights for the next four years after it committed to fork out a massive $ 308 million, continued to feel the negative repercussions on the stock markets. The southward trek of the Zee scrip was unabated even today, a far cry from the high of over Rs 161 that it hit when it was announced about a week ago that it had emerged the highest bidder and BCCI would hand over the telecast rights once certain formalities were completed.



On the Bombay Stock Exchange, the Zee Tele stock closed the day at Rs 143.55, down by 3.95 per cent from the previous closing of Rs 149.45. On the National Stock Exchange too, the scrip closed lower at Rs 144.65, signifying a downtrend of 3.18 per cent from the earlier day's closing price of Rs 149.40. Interestingly, both at the BSE and the NSE, a significantly high volume of the stock was traded.



The board meet of Zee Tele is taking place to decide whether the company should go in for a re-bid or let the court settle issues like Zee's production capabilities and whether the tender documents were contravened to favour Zee, as has been alleged by ESS in its petition before the Bombay High Court.



Meanwhile, BCCI's supreme decision-making body has given its chief Jagmohan Dalmiya --- battling another court case challenging his future moves on becoming the patron-in-chief of the organisation --- the green signal to look for alternate platform(s) for telecast of the Australian series if the Zee-ESS legal tangle is not resolved by the first week of October when the first match is scheduled.



Speaking to indiantelevision.com over phone, Dalmiya said that there are some options available before the BCCI". He was however, silent on what they were, saying he would not be able to disclose them as it would be amount to contempt and pre-empting the court's decision.



"We have to think ahead to the Australians series and others too if the legal case does not get resolved, as much we would like it to get settled soon," Dalmiya said, pointing out that if the cricket matches were not telecast, BCCI would run into problems with the International Cricket Council.



"Forget the money, we would lose face if the matches are not televised as we are obliged to provide replays, etc to the third umpire and ICC may even penalise us heavily, apart from the likelihood of the Australian cricket board demanding compensation," Dalmiya tried to explain.



Though he refused to divulge any details, industry sources indicated that BCCI is looking at Ten Sports and Indian pubcaster Doordarshan as alternative platforms for telecast. However, KS Sarma, CEO of Prasar Bharati, managing DD, today said he hasn't yet got any formal or informal indicators from the BCCI in this regard.



And the name of Ten Sports cropping up in this regard is rather curious to say the least. More so in the light of the fact that the Dubai-based broadcaster's initial bid was the lowest at $ 115 million. The BCCI's entering into any sort of arrangement with Ten Sports at this stage looks to be fraught with legal complications, especially since neither Zee nor ESS are likely to sit quietly if anything of the sort were to happen.



Which therefore would leave only DD as a viable option for the BCCI in the eventuality of the legal process dragging on.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/FOX.jpg?itok=Bhdsm2nj
Disney makes $70.3 billion counterbid for Twenty-First Century Fox

21st Century Fox has announced that it has entered into an amended and restated merger agreement with The Walt Disney Company pursuant to which Disney has agreed to acquire for a price of $38 per 21CF share the same businesses. Disney agreed to acquire under the previously announced merger...

Television Production House Post Production
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/mpa.jpg?itok=vqd31YXu
MPA REPORT: THE MARKET VALUE FOR SPORTS MEDIA RIGHTS TO SOAR 22% IN ASIA PACIFIC EX-CHINA TO REACH US$5.0 BILLION IN 2018

MPA REPORT: THE MARKET VALUE FOR SPORTS MEDIA RIGHTS TO SOAR 22% IN ASIA PACIFIC EX-CHINA TO REACH US$5.0 BILLION IN 2018

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/and.jpg?itok=xIv703YO
&pictures to air the World Television Premiere of the critically acclaimed Mukkabaaz on Saturday, 23rd June at 8pm

In a love story of a sportsman set in Bareilly, Vineet Kuma Singh plays a Kshatriya boxer who falls in love with a deaf-mute Brahmin woman. Co-produced and directed by National Film Award winner Anurag Kashyap, Mukkabaaz was screened at the 2017 Toronto International Film Festival and the 2017...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/disney.jpg?itok=_e6XbSdU
Disney appoints new creative officers for animation division

Jennifer Lee and Pete Docter have been named as new chief creative officers (CCOs) for Disney’s animation division. While Docter will handle the Pixar Animation Studios, Lee will head the Walt Disney Animation Studios.

Television Production House Post Production
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/shinde.jpg?itok=TZAJ4Ibs
Epic TV appoints Rajiee Shinde as president

Infotainment channel EPIC TV has announced the appointment of Rajiee M Shinde as president. In her new role at EPIC, she has been entrusted with the responsibility of expanding the business and building the EPIC network.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/sell.jpg?itok=91wnij2K
Endemol Shine hires banks for a possible sale

Netherlands-based TV production company, Endemol Shine Group, has hired Deutsche Bank and Liontree to explore a potential sale that could be valued between $2- $4 billion including debt.

Television Production House Post Production
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/flix.jpg?itok=xMcG7N6B
Leap into the world of robots and cyber terrorists as &flix brings the premiere of ‘Ghost in the Shell’

&flix, the all-new destination for the most-awaited Hollywood hits, is all set to bring the Indian television premiere of the 2017 American sci-fi action film ‘Ghost in the Shell’, this Sunday, June 24 at 1 PM & 9 PM. The movie, which is part of the channel’s ‘Flix First Premiere’ property...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/cnbc.jpg?itok=a0MUy3Eu
CNBC-TV18 announces the 8th edition of the india healthcare and wellness awards

CNBC-TV18, India’s leading English business news channel along with ICICI Lombard, announces the 8th edition of the‘Indian Healthcare and Wellness Awards.’ The awards will acknowledge and felicitate the best of medical and wellness service providers in the industry. The event will also serve as a...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/Mihir-Bhatt.jpg?itok=0_g71hzd
Times Network appoints Mihir Bhatt as chief editor - IPs

MUMBAI: Times Network, part of India’s largest media conglomerate, The Times Group, today announced the appointment of Mihir Bhatt as chief editor – IPs. In his new role, Mihir will spearhead efforts to create unique and content-rich offerings on all IPs of the network, in addition to his...

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories