Reliance tightens grip on Viacom18 after buying out Paramount stake
Indian conglomerate Reliance Industries, chaired and run by business mogul Mukesh Ambani, will buy out Paramount Global’s 13-per-cent stake in media group Viacom18 for $517m (€472m).
KBO League boosts revenues through CJ ENM digital play
The Korean Baseball Organisation will receive a 30-per-cent increase in domestic rights fees for its top-tier league after media group CJ ENM secured exclusive streaming rights at a strong uplift.
Mani ‘to lead’ sports and digital at Viacom18
Kiran Mani, who currently runs media group Viacom18’s OTT platform JioCinema and spent 13 years at Google, will head the company’s digital and sports divisions, according to Indian news website Mint.
Pitch recoups half of international BCCI fee through TNT Sports deal
Pay-television broadcaster TNT Sports secured rights in the UK and Ireland to all India home matches from January 2024 to March 2028 after facing minimal competition for the rights.
CJ ENM acquires KBO League digital rights to 2026
Media group CJ ENM has secured exclusive streaming rights to the top-tier league of the Korean Baseball Organisation from 2024 to 2026, marking the first time the property has gone behind a streaming paywall in South Korea.
MMS, PC Plus Group to sell World Athletics rights in sub-Saharan Africa
The Marketing & Media Solutions agency and PC Plus Group have secured media rights in sub-Saharan Africa for all World Athletics Series events from 2024 to 2029 in a deal with Eurovision Sport.
SportBusiness Media 28:03
Inside this issue, we analyse how Uefa and Fifa benefitted in particular from New World TV’s entry to the sub-Saharan African market to enjoy strong uplifts for club competition and World Cup rights, respectively. There's also a look at the proposed merger between France’s Canal Plus and South Africa’s MultiChoice, plus why the Peruvian Football Federation and its media rights partner, 1190 Sports, have emphasised the need for patience after the cost of the latter’s long-term media rights project were laid bare for all top-flight Liga 1 clubs to see. There's plenty more besides.
F1 swaps D2C for FanCode deal in India
Streaming platform FanCode has secured exclusive F1 rights in India for 2024 and 2025, after the open-wheel racing series went direct-to-consumer in 2023.
PSL secures broad international coverage in major cricket markets
The Pakistan Super League secured broad exposure in key international cricket markets ahead of its 2024 edition, which began on Saturday
Pakistan Super League strikes increase for international rights
The Pakistan Super League secured an increase for its international rights despite political, economic and sporting instability at home and competition from other global T20 leagues.