Television

Kirch goes under; no threat to soccer World Cup telecast

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2014/03/25/ten_sports.jpg?itok=fH4HQmnT

KirchMedia, the core rights business of indebted media media mogul Leo Kirch, filed for insolvency on Monday. After weeks of desperate efforts to stay afloat but weighed in under a mountain of debt, Kirch finally threw in the towel today, paving the way for a takeover by German banks and publishers.





This move also serves a nationalist interest in that it keeps aggressive foreign rivals, specifically Rupert Murdoch's News Corp, Mediaset, controlled by Italian Prime Minister Silvio Berlusconi, and the Saudi prince Al-Waleed from grabbing control and thereby getting a handlehold on Europe's largest media market.





Kirch had amassed debts of $5.71 billion through costly film rights deals and a misjudged foray into pay-TV. Insolvency, similar to Chapter 11 bankruptcy protection in the United States, places the company in the hands of an administrator.





Meanwhile, closer home, what is of principal interest to media watchers is what happens to the soccer World Cup telecast since KirchMedia holds the worldwide broadcast rights to both the 2002 and 2006 World Cups.

NO THREAT TO WORLD CUP BROADCAST: According to the information available, Kirch has not let go of the World Cup. He has transferred the rights - valued at 1.9 billion euros - into a holding company based in Switzerland, KirchSport.





While KirchSport is still a fully-owned subsidiary, its location in Switzerland protects it from the administration process, reports say.





SET FRONTRUNNER IN SOCCER WORLD CUP BID AS WELL?



This news should come as a relief to Indian broadcast companies like Sony Entertainment Television, the just launched Ten Sports and ESPN Star Sports, all of who are in the running for scoring as far as the telecast rights of the World cup are concerned.





But as things stand the bidding war seems to be turning into a two-horse between Ten Sports and Sony, with SET being seen as the frontrunner but not by much.





Whoever does get the rights there is definitely a much higher value proposition this time round than the 1998 World Cup in France which garnered pathetic viewership. The main reason for this being that as the matches are being played in Japan and Korea this time round, match timings would make automatically get in much higher viewing than in 1998. No matches at unearthly hours of the morning as was the norm in France will certainly work towards garnering much higher viewership.



As far as the bidding goes, the figures being quoted are in the region of $40 million.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/and.jpg?itok=gmlb88MV
&pictures invokes the feeling of Indian-ness by ‘Saluting the Heroes of India’ this Republic Day

Celebrate the Republic weekend on a high note as &pictures, Naye India Ka Blockbuster Movie Channel brings to its viewers three blockbuster movies on 26th and 27th January.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/et.jpg?itok=c1a6nLak
ET NOW Unveils Mega Pre-Budget Line-Up

Setting the agenda for the interim budget, ET NOW, India's leading English business news channel from Times Network, has unveiled special programming in the run-up to Budget 2019.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/diiscvoery.jpg?itok=8yjyVtTz
Discovery pays tribute to the Armed Forces with Republic Day special line-up

Discovery Channel, India’s leading destination for factual entertainment, will celebrate Republic Day with a special line-up of shows dedicated to Indian Armed Forces.

Television TV Channels Factual @ Discovery
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/naveen.jpg?itok=XLoaqFyD
Times Network international biz head Naveen Chandra moves on

Times Network’s international business head Naveen Chandra has stepped down and will be serving his last day on 28 February.

Television TV Channels People
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/logos.jpg?itok=csfH09mP
This Republic Day, feel inspired and entertained by SPN’s English Cluster

As the nation embarks on a celebration of pride and valour on Republic Day, SPN’s English Cluster brings an entertainment parade of the finest shows and movies for its viewers.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/Shashi%20Shekhar%20Vempati.jpg?itok=KQPGyMuu
DD India to reposition as English channel; digital platform to launch before elections

Even as all the private media houses are gearing up for the general election, public broadcasters Doordarshan and All India Radio (AIR) are not lagging in their attempts to make hay out of the most lucrative season for news channels.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/usp.jpg?itok=pH9gyts1
USP Studios partners with Cosmos-Maya to expand the global entertainment content distribution network for kids

Today, as parents are constantly trying to find the right balance of screen time for young kids, entertainment along with interactive learning plays an imperative role.

Television TV Channels Kids
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/axis.jpg?itok=HzeFqOmK
Axis Mutual Funds and The Womb take on Fake News in India!

In the context of fake news getting forwarded and investors getting unnecessarily influenced by it, Axis Mutual Fund, one of India’s premier asset management companies has launched an investor awareness campaign

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/23/motu-patlu.jpg?itok=PbD2fDhq
Celebrate Republic Day with Motu Patlu’s 18th made-for-television movie - ‘Motu Patlu the Superheroes – Super Villains from Mars’

This Republic Day, Motu-Patlu will embark on a all-new adventure, fighting evil to protect the citizens of Furfurinagar and Modern city in their upcoming TV movie ‘Motu Patlu the Superheroes – Super Villains from Mars’ premiering on Sunday, 26th January at 12:30 pm only on Nickelodeon.

Television TV Channels Kids

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories