Online streaming platform Tencent agreed a late deal for non-exclusive live digital Wimbledon rights in China for less than the price paid by LeSports before its deal was terminated.
The French Open secured greater revenue from China in 2017 compared to last year thanks to a deal with online streaming platform Tencent agreed earlier this month.
Chinese streaming operator LeSports will change its acquisition strategy to focus on premium content, chief executive Lei Zhenjian told TV Sports Markets this week.
The English Premier League’s new media-rights deal in China is one of the most valuable ever signed in the country.
Aggressive Chinese OTT operator LeSports has cash-flow problems, resulting in delays to payments for many of its deals.
The English Premier League has launched an early tender in China in order to reap the benefits of the country’s buoyant media-rights market.
Red Star Kunlun’s entry as the first Chinese team in the Kontinental Hockey League has helped the league massively increase its exposure, but is yet to have any impact on its bottom line.
The Chinese Volleyball League is the latest domestic property to reap the rewards of two years of growth in the country’s sports market.