Report on Shemaroo

PE firm CVC Capital proposes to buy out ATP, WTA tennis tours

It'll invest $600 million for a 15% stake; rejuvenating the sport & managing broadcast rights.

MUMBAI: Changes may be afoot as far as broadcasting rights of professional male and female tennis calendars are concerned if reports emerging over the past two days are to be believed. Sky News first reported that Luxembourg headquartered private equity firm CVC Capital Partners is in unconfirmed talks with the Association of Tennis Professionals (ATP) and the Women’s Tennis Association (WTA) to buy a 15 per cent stake into a new entity One Tennis which will combine their two itineraries. It is willing to serve a cool $600 million for the privilege of managing the broadcasting rights to the two tours, as well as selling data rights to gambling companies.

CVC Capital has discussed leaving the running of the two sports to the two associations; all it wants is that the women and men’s tournaments should have a unified calendar (meaning female and male tennis players should play at the same competitions) – just like they do in the Grand Slam championships – Wimbledon, the US Open, and the Australian Open, and the French Open. The latter four contests are ruled by a different governing body.

The private equity firm believes it can extract greater value than both ATP and WTA are doing currently by glamourising the tours, upping prize money, improving broadcast production quality, and setting up a global digital platform for tennis fans.

Reuters reported on 8 June that the two associations had issued a joint statement which said that they are "continually looking for ways to bring the sport closer together to provide an enhanced experience for fans, players and tournaments.”

CVC Capital is no stranger to managing sports; it had been the owner of the F1 from 2006 to 2017 when it sold it to John Malone’s Liberty Media. Over that period, it squeezed out billions of dollars in revenue from the racing sport; in the process, it helped turn around its fortunes. CVC Capital has recently invested in the six nations Rugby and the International Volleyball Federation.

CVC is proposing that ATP Media (ATP’s existing sales and broadcasting arm) will be absorbed into the new entity with the former’s CEO Mark Webster leading One Tennis. Most of the broadcast rights to the ATP Tours for India lie with the ATP’s, with rights to the ATP 250s being shared by it with Discovery. Prior to Discovery, Sony Pictures Sports Network was the rights holder from 2015 to 2020. Hardcore tennis fans can watch matches online at with the annual subscription package running at $119.9.

But apparently, a lot more could be done to popularise tennis and the tours among younger audiences, commentators and critics have averred. Tennis has alienated young tennis buffs as they have been drawn to other sports that have more excitement and entertainment. Statistics have shown that the tennis fan is beginning to age and to get back in the game, the sports need a rejuvenation.

The ATP and WTA boards are expected to meet later this month on the proposal. Their decision will make it clear whether they believe that CVC Capital can be that white knight – who will inject some life into the sport.

Latest Reads
Association of Regional TV Broadcasters of India merges with NBF

KOLKATA: The Association of Regional Television Broadcasters of India (ARTBI), on Friday merged with the News Broadcasters Federation (NBF), making NBF the largest body representing the business interests and editorial freedom of news television broadcasters in the country.

Television TV Channels News Broadcasting
ZEE MPCG launches new conversation series 'Chhattisgarh Ki Baat'

ZEE Madhya Pradesh-Chhattisgarh has announced a series of events and conclaves called Chhattisgarh Ki Baat, which will be held in various Tier two cities, where both the economy and the society have been deeply affected by the pandemic.

Television TV Channels Regional
Times Network launches 2nd edition of Living Room Conclave - India Health Mission

Times Network has announced the second edition of Living Room Conclave - India Health Mission, a conclave series that will focus on combating the COVID-19 pandemic. 

Television TV Channels News Broadcasting
Star Sports Select celebrates Wimbledon's return with new promo

KOLKATA: Star Sports Select, the official broadcaster of the premier Grand Slam event has launched a promo #GreatnessResumes that brings to the fore how the toughest setbacks lead to the greatest comeback. Wimbledon 2021 will be live and exclusive on Star Sports Select from 28 June- 11 July, 3:30...

Television TV Channels Sports
Times Network announces 2nd Edition of Living Room Conclave - India Health Mission

India's premium broadcast network, Times Network announces the 2nd Edition of Living Room Conclave - India Health Mission, a conclave series that will focus on combatting the COVID-19 pandemic.  As India moves ahead after battling the cruel second wave, it is pertinent to continue to follow the...

Television TV Channels News Broadcasting
SPN secures dynamic John Doe injunction to protect copyright of India's upcoming series

New Delhi: Sony Pictures Networks India (SPN) has secured a Dynamic John Doe injunction order from the Delhi high court to protect infringement of copyrights for two of the upcoming international cricketing series. The order applies to India–Sri Lanka Men’s International Series in July 2021 and the...

Television TV Channels Sports
SPNI acquires broadcast rights for 2021 MEIJI YASUDA J1 LEAGUE

Sony Pictures Networks India (SPN) has acquired the exclusive television & digital rights for the 29th season of Japan Professional Football League - MEIJI YASUDA J1 LEAGUE, till December 2021.

Television TV Channels Sports
DB Corp q4 PAT grows by 158 %, circulation revenue dips

Print media company, DB Corp Limited (DBCL), which is home to flagship newspapers – Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar has announced its financial results for the quarter ended 31 March, 2021.

Television TV Channels News Broadcasting
IPRS launches #KNOWYOURMUSIC campaign ahead of World Music Day

New Delhi: The Indian Performing Right Society Limited (IPRS) and Dolby Laboratories have come together ahead of the World Music Day on 21 June, to launch the #KNOWYOURMUSIC campaign highlighting multiple genres of Indian music and creating a more engaged audience.

Television TV Channels Music and Youth

Sign up for our Newsletter

subscribe for latest stories

* indicates required