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Tag: Eurosport

  • Discovery appoints Ralph Rivera as Eurosport Digital MD

    Discovery appoints Ralph Rivera as Eurosport Digital MD

    MUMBAI: Discovery Communications has appointed Ralph Rivera as managing director of Eurosport Digital. He will begin the role on 26 September and will be based in London. Rivera will report to Discovery Communications executive VP of international development and digital Michael Lang. He will also work closely with Eurosport CEO Peter Hutton and his leadership team.

    Commenting on the appointment, Lang said, “Recognized as one of the most forward-thinking digital executives in the world, Ralph brings extensive knowledge in the direct-to-consumer space, with a deep understanding of the digital landscape in Europe and a strong reputation for innovation and transformation. His product-centric mind set and technology orientation will help us to grow Eurosport Digital, which is one of Discovery’s top priorities, as we continue our march to making sports and all of our content accessible to viewers across all screens, in a highly meaningful and profitable way.”

    Eurosport is the number one sports destination in Europe and connects fans and athletes around the greatest sporting events across all screens. Rivera is charged with leading the aggressive expansion of Eurosport’s digital businesses, which today include Eurosport.com – the continent’s number one sports news website, and Eurosport Player – the leading subscription-based OTT sports platform across Europe giving fans an all-access pass anytime and on any device in 52 countries. He will collaborate with local teams to drive innovation for next-generation digital sports products and make the brand’s content available across all screens, to enhance viewers’ digital sports experience.

    With hundreds of millions of mobile data subscribers and growing OTT momentum via connected TVs, Europe provides a significant strategic opportunity to leverage both Rivera’s successful track record of creating immersive digital video products and Discovery’s recent investments in premium sports content. In Asia Pacific, Eurosport reaches more than 10 million fans.

    Hutton said, “Eurosport is focused on the further acquisition and delivery of locally relevant, premium sports content that will continue to attract more subscribers to the Eurosport Player. We continue to build momentum through the recent acquisition of premium rights such as Wimbledon across Europe and the Bundesliga in Germany. As we plan the enhanced delivery of these acquisitions and take ownership of the Olympic Rings from January 1, 2017, as the official multi-platform broadcast rights holder for Europe through 2024, we look forward to having Ralph as part of the Eurosport team.”

    Rivera joins from the BBC, where he spent six years as Director, BBC Digital and was responsible for all of the BBC’s digital media services, leading on the implementation and operation of BBC iPlayer as it grew by over 300% and delivering the first truly digital Olympic Games for London 2012, setting a new standard for live sports coverage online. Prior to the BBC, Rivera spent ten years at AOL, most recently as Senior Vice President and Managing Director of Games, where he transformed the division from a loss leader to one of their most profitable media units.

    Rivera said, “Having enjoyed numerous successes with the BBC, my next move had to be big. The opportunity I have in leading the digital business at Eurosport is an amazing challenge, and working closely with Discovery’s world-class teams at Eurosport and across local markets, I hope to build next generation digital sports products, ensuring Eurosport consumers across Europe can enjoy more action, when and where they choose to view it.”

  • FY-2015: Forex retards Discovery Communications revenue, lowers adjusted OIBDA

    FY-2015: Forex retards Discovery Communications revenue, lowers adjusted OIBDA

    BENGALURU: Discovery Communications Inc. (Discovery) US Networks segment reported 6.1 per cent growth in revenue for the year ended 31 December, 2015 (FY-2015, current year) at $3,131 million as compared to $2,950 million in the previous year. These gains were offset by a 2.1 per cent decline in revenues in FY-2015 by its International Networks segment to $3,092 million as compared to $3,157 million in the previous year, primarily due to currency effects. Discovery reported revenue of $6,394 million in the current year as compared to $6,265 million in the previous year. 

    Adjusted Operating Income Before Depreciation and Amortisation (OIBDA) declined 3.7 per cent in FY-2015 to $2,398 million as compared to $2,491 million in the previous year. Net income available to Discovery in FY-2015 declined 9.2 per cent to $1,034 million ($1.58 per diluted share) compared to $1,139 million ($1.66 per diluted share) for FY-2014, primarily due to currency exchange rates, higher losses associated with the sale of businesses and lower equity earnings, partially offset by a decrease in taxes, restructuring costs and equity-based compensation.

    Discovery president and CEO David Zaslav said, “In 2015, Discovery Communications continued to build momentum with our unmatched worldwide brands and leading multiplatform distribution network. We surpassed three billion cumulative viewers, launched more new networks and increased audience and market share, all of which helped to drive steady global growth and strong financial results. Propelled by our category leadership, broad rights ownership and content and brand expansion across platforms, Discovery is well positioned to thrive in the rapidly evolving media landscape and to drive continued shareholder value in the years ahead.”

    For the quarter ended 31 December, 2015 (Q4-2015, current quarter), the company reported 1.8 per cent decline in revenue to $1,646 million as compared to $1,676 in the corresponding prior year quarter also primarily due to currency effects says Discovery. While US Networks reported 5.6 per cent increased revenues for Q4-2015 at $787 million from $745 million, International Networks revenue declined 7.7 per cent to $816 million from $884 million in Q4-2014. Adjusted OIBDA declined 10 per cent to $574 million in Q4-2015 from $638 million in Q4-2014. US Networks adjusted OIBDA in the current quarter increased 1.2 per cent to $410 million from $405 million. International Networks adjusted OIBDA declined 20.2 per cent to $262 million from $329 million in the corresponding prior year quarter.

    In Q4-2015, net income available to Discovery stockholders decreased to $219 million ($0.34 per diluted share) compared to $250 million ($0.38 per diluted share) for Q4-2014, primarily due to foreign currency exchange rates, losses associated with the sale of businesses and higher net income attributable to non-controlling interests, partially offset by a decrease in restructuring costs and higher earnings related to equity-method instruments says the company.

    Advertising and Distribution numbers

    Distribution revenues in FY-2015 increased eight per cent to $3,068 million from $2,842 in the previous year. Advertising revenues in FY-2015 declined 2.8 per cent to $3,004 million from $3,089 million in FY-2014. Discovery says that Distribution revenues, excluding the impact of Eurosport and currency effects, grew primarily due to increased rates and subscribers in Latin America as well as increased subscribers in CEEMEA. Advertising revenues, excluding the impact of Eurosport, SBS Radio and currency effects, were up primarily due to higher pricing and ratings in Southern Europe, higher pricing, volume and ratings in Latin America, and higher pricing in Northern Europe. 

    Excluding the impact of Eurosport, SBS Radio and foreign currency exchange rates, Adjusted OIBDA was up reflecting the revenue growth partially offset by an 11 per cent increase in operating expenses. The higher operating expenses were primarily due to increased content expenses and personnel costs.

    Distribution revenues in Q4-2015 increased 1.8 per cent to $759 million from $745 million in Q4-2014. Advertising revenues in the current quarter declined 3.2 per cent to $804 million from $831 million in the corresponding quarter of 2014.

    Discovery says that Distribution revenues, excluding the impact of Eurosport and currency effects, grew mainly from increased rates and subscribers in Latin America. Advertising revenues, excluding the impact of Eurosport, SBS Radio and currency effects, were up, primarily due to higher pricing and ratings in Southern Europe, higher pricing and volume in Latin America, and higher pricing and volume in Asia.

    Excluding the impact of Eurosport, SBS Radio and currency, Adjusted OIBDA was up one per cent, reflecting the revenue growth partially offset by an 18 per cent increase in operating expenses. The higher operating expenses were primarily due to increased content expenses and personnel costs.

  • FY-2015: Forex retards Discovery Communications revenue, lowers adjusted OIBDA

    FY-2015: Forex retards Discovery Communications revenue, lowers adjusted OIBDA

    BENGALURU: Discovery Communications Inc. (Discovery) US Networks segment reported 6.1 per cent growth in revenue for the year ended 31 December, 2015 (FY-2015, current year) at $3,131 million as compared to $2,950 million in the previous year. These gains were offset by a 2.1 per cent decline in revenues in FY-2015 by its International Networks segment to $3,092 million as compared to $3,157 million in the previous year, primarily due to currency effects. Discovery reported revenue of $6,394 million in the current year as compared to $6,265 million in the previous year. 

    Adjusted Operating Income Before Depreciation and Amortisation (OIBDA) declined 3.7 per cent in FY-2015 to $2,398 million as compared to $2,491 million in the previous year. Net income available to Discovery in FY-2015 declined 9.2 per cent to $1,034 million ($1.58 per diluted share) compared to $1,139 million ($1.66 per diluted share) for FY-2014, primarily due to currency exchange rates, higher losses associated with the sale of businesses and lower equity earnings, partially offset by a decrease in taxes, restructuring costs and equity-based compensation.

    Discovery president and CEO David Zaslav said, “In 2015, Discovery Communications continued to build momentum with our unmatched worldwide brands and leading multiplatform distribution network. We surpassed three billion cumulative viewers, launched more new networks and increased audience and market share, all of which helped to drive steady global growth and strong financial results. Propelled by our category leadership, broad rights ownership and content and brand expansion across platforms, Discovery is well positioned to thrive in the rapidly evolving media landscape and to drive continued shareholder value in the years ahead.”

    For the quarter ended 31 December, 2015 (Q4-2015, current quarter), the company reported 1.8 per cent decline in revenue to $1,646 million as compared to $1,676 in the corresponding prior year quarter also primarily due to currency effects says Discovery. While US Networks reported 5.6 per cent increased revenues for Q4-2015 at $787 million from $745 million, International Networks revenue declined 7.7 per cent to $816 million from $884 million in Q4-2014. Adjusted OIBDA declined 10 per cent to $574 million in Q4-2015 from $638 million in Q4-2014. US Networks adjusted OIBDA in the current quarter increased 1.2 per cent to $410 million from $405 million. International Networks adjusted OIBDA declined 20.2 per cent to $262 million from $329 million in the corresponding prior year quarter.

    In Q4-2015, net income available to Discovery stockholders decreased to $219 million ($0.34 per diluted share) compared to $250 million ($0.38 per diluted share) for Q4-2014, primarily due to foreign currency exchange rates, losses associated with the sale of businesses and higher net income attributable to non-controlling interests, partially offset by a decrease in restructuring costs and higher earnings related to equity-method instruments says the company.

    Advertising and Distribution numbers

    Distribution revenues in FY-2015 increased eight per cent to $3,068 million from $2,842 in the previous year. Advertising revenues in FY-2015 declined 2.8 per cent to $3,004 million from $3,089 million in FY-2014. Discovery says that Distribution revenues, excluding the impact of Eurosport and currency effects, grew primarily due to increased rates and subscribers in Latin America as well as increased subscribers in CEEMEA. Advertising revenues, excluding the impact of Eurosport, SBS Radio and currency effects, were up primarily due to higher pricing and ratings in Southern Europe, higher pricing, volume and ratings in Latin America, and higher pricing in Northern Europe. 

    Excluding the impact of Eurosport, SBS Radio and foreign currency exchange rates, Adjusted OIBDA was up reflecting the revenue growth partially offset by an 11 per cent increase in operating expenses. The higher operating expenses were primarily due to increased content expenses and personnel costs.

    Distribution revenues in Q4-2015 increased 1.8 per cent to $759 million from $745 million in Q4-2014. Advertising revenues in the current quarter declined 3.2 per cent to $804 million from $831 million in the corresponding quarter of 2014.

    Discovery says that Distribution revenues, excluding the impact of Eurosport and currency effects, grew mainly from increased rates and subscribers in Latin America. Advertising revenues, excluding the impact of Eurosport, SBS Radio and currency effects, were up, primarily due to higher pricing and ratings in Southern Europe, higher pricing and volume in Latin America, and higher pricing and volume in Asia.

    Excluding the impact of Eurosport, SBS Radio and currency, Adjusted OIBDA was up one per cent, reflecting the revenue growth partially offset by an 18 per cent increase in operating expenses. The higher operating expenses were primarily due to increased content expenses and personnel costs.

  • Discovery appoints Atsushi Saito as Eurosport VP – ad sales

    Discovery appoints Atsushi Saito as Eurosport VP – ad sales

    MUMBAI: Discovery Communications has appointed Atsushi Saito as vice president ad sales for Eurosport

    The announcement was made by Advertiser Partnerships senior vice president and managing director Jonathan Davies, to whom Saito will report.

    In his new capacity, Saito is tasked to maximise Eurosport’s ad sales efforts in Asia Pacific by providing innovative and bespoke solutions for clients and developing meaningful partnerships.

    Last week Discovery Communications announced its first Olympic Games sub-licensing deal with the BBC, to make Eurosport the exclusive home of the Olympic Games on pay-TV in the UK between 2018 and 2020. The news follows an agreement announced by Discovery Communications and the International Olympic Committee (IOC) last June, which includes exclusive multimedia rights for 50 countries and territories in Europe for the 2018 through the 2024 Olympic Games. With three of these Games to be hosted in Asia, Saito’s proximity to the action will offer a significant market advantage as Discovery look to establish long term partnerships with clients.

    Saito started his media sales career over 16 years ago with Star TV, a subsidiary of News Corp and was last with Turner Japan where he served as CNN Global Advertising Sales director. Under his leadership, Saito quadrupled CNN’s ad sales revenue.

    Davies said, “It is Discovery’s ambition to make the Olympic Games available to more people across Europe than ever before, through leveraging our portfolio of pay-TV, free-to-air and digital services. This combined with our other strategic investments in sports rights provide brands and advertisers a unique opportunity to target their customers through great sporting moments all day, and every day.”

    “Advertisers and brands are evolving into content producers, thinking beyond the ad break to embed themselves in popular culture. With this shift, a top priority for our sales organisation is to provide unique, creative and strategic solutions with the highest level of service. Atsushi’s rich experience, excellent connections and digital acumen will propel Eurosport’s ad sales growth in Asia Pacific,” Davies added.

  • Discovery appoints Atsushi Saito as Eurosport VP – ad sales

    Discovery appoints Atsushi Saito as Eurosport VP – ad sales

    MUMBAI: Discovery Communications has appointed Atsushi Saito as vice president ad sales for Eurosport

    The announcement was made by Advertiser Partnerships senior vice president and managing director Jonathan Davies, to whom Saito will report.

    In his new capacity, Saito is tasked to maximise Eurosport’s ad sales efforts in Asia Pacific by providing innovative and bespoke solutions for clients and developing meaningful partnerships.

    Last week Discovery Communications announced its first Olympic Games sub-licensing deal with the BBC, to make Eurosport the exclusive home of the Olympic Games on pay-TV in the UK between 2018 and 2020. The news follows an agreement announced by Discovery Communications and the International Olympic Committee (IOC) last June, which includes exclusive multimedia rights for 50 countries and territories in Europe for the 2018 through the 2024 Olympic Games. With three of these Games to be hosted in Asia, Saito’s proximity to the action will offer a significant market advantage as Discovery look to establish long term partnerships with clients.

    Saito started his media sales career over 16 years ago with Star TV, a subsidiary of News Corp and was last with Turner Japan where he served as CNN Global Advertising Sales director. Under his leadership, Saito quadrupled CNN’s ad sales revenue.

    Davies said, “It is Discovery’s ambition to make the Olympic Games available to more people across Europe than ever before, through leveraging our portfolio of pay-TV, free-to-air and digital services. This combined with our other strategic investments in sports rights provide brands and advertisers a unique opportunity to target their customers through great sporting moments all day, and every day.”

    “Advertisers and brands are evolving into content producers, thinking beyond the ad break to embed themselves in popular culture. With this shift, a top priority for our sales organisation is to provide unique, creative and strategic solutions with the highest level of service. Atsushi’s rich experience, excellent connections and digital acumen will propel Eurosport’s ad sales growth in Asia Pacific,” Davies added.

  • Has KPL opened a new door for cricket crazy broadcasters?

    Has KPL opened a new door for cricket crazy broadcasters?

    MUMBAI: Sony Pictures Networks (SPN) India (erstwhile Multi Screen Media) with its recent foray into regional cricket league has given the sports industry an alternative to mainstream international cricket. The network tasted success with the Karnataka Premier League (KPL) telecast live on Sony Six and Sony Kix, which fetched good viewership.

    Cricket in India has become an expensive proposition for broadcasters with acquisition costs soaring sky high. Even as the number of sportcasters with heavy purses increase in the television ecosystem, the 365 days calendar is turning out to be too small for them to accommodate all the cricketing action through the year.

    While kabaddi showed the nation that cricket was not the only sport that created the all-pervading excitement, in a country where cricket is as big as a religion, nothing can suppress it.

    Sports channels in India without cricket in its portfolio are still considered as wingless birds. The sport-broadcasting ecosystem is going to see a tsunami of developments in the near future. The ESPN – Sony Pictures Networks (SPN) India (erstwhile Multi Screen Media) deal has already prepped the industry for what’s in store. The price tag attached to the broadcasting rights of the cash rich Indian Premier League (IPL) is being speculated to double if not more when they come up for fresh bidding in 2017. The rights currently vest with SPN India and were acquired after signing a $1 billion deal for 10 years.

    What’s more, it will be a tad too optimistic to assume that one of the fastest growing media conglomerate in India, Viacom 18 will not enter the sports space in the near future. Speculations are rife that the Peter Hutton led Eurosport has a keen eye on the Indian market and is planning an entry as early as sometime next year. Star India, which holds the rights to BCCI and ICC sporting events, is also likely to aggressively bid for the IPL. Star recently acquired IPL’s digital rights for three years for a mammoth sum of Rs 302.2 crore.

    Media mogul Subhash Chandra’s love for cricket is a well known fact. Chandra’s Ten Sports holds the broadcasting rights of multiple international cricket boards. Nimbus Communications’ Harish Thawani has also been taking baby steps towards cricket. Recently his sports channel Neo Sports acquired the broadcasting rights of Bangladesh Premier League.

    At a time like this, KPL has come as a new and lucrative avenue as far as cricket is concerned. Sony Six and Sony Kix business head Prasana Krishnan is of the opinion that the seriousness of the Karnataka State Cricket Association plays a vital role in garnering high viewership. “KPL is actually a very sincere effort from the association. They have been doing it with precision. Despite it being a low budgeted affair, it is being executed with sheer class,” he tells Indiantelevision.com.

    The timing of the league is also a vital factor as per Krishnan. “It is played post the monsoons and during that period there is neither much international cricket featuring India nor are there many big leagues scheduled. At a time like this, when you add good production value, it makes for a good property,” he informs.

    However, it does beg one vital question: Are there enough monetising avenues available? “KPL for us is an experiment. More than revenue, it’s a matter of extending our portfolio. The revenue will depend on quality. It depends on the players available. For now, it’s a portfolio formation for us. We will look into other aspects with time,” says Krishnan.

    Neo Sports EVP programming Mautik Tolia also feels that regional leagues can be a good prospect for broadcasters provided the expectations are realistic. “Regional cricket leagues helps broadcasters in reaching out to a new audience. Our foray into Bangladesh Premier League has given us a new set of audience from the West Bengal region. If there is an opportunity to acquire rights of any such regional cricket league, we will aggressively bid for it,” Tolia says.

    A senior media planner feels that if broadcasters package and promote regional cricket leagues, it can be a profitable proposition. “There are a good number of regional advertisers, who cannot afford the high ad rates of international cricket tourneys. If there is good return on investment, advertisers will like to be there. But the broadcaster will have to take the sport seriously,” the planner asserts on condition of anonymity.

    In the west, school and college championships in NBA and Rugby garner a huge traction. What’s more, sports broadcasters too back it aggressively and produce it with serious energy. However, the scenario is a little different with cricket in India as per Krishnan. “NBA or Soccer scout for players from schools and colleges. There is no other tournament involved in the system. With cricket, a cricketer has club and Ranji commitments, which are all 365 days engagements. So it will be unfair to compare this to the west. We will evaluate all possibilities and if we find a regional league, which has quality players involved in it and is played at a time when team India is not in action, we will go for it,” he affirms.

    It was recently reported that Chandra was planning to start a cricket league in Chandigarh. It remains to be seen how broadcasters react to SPN India’s start. One this is certain that channels need to look beyond international cricket to have the sport in their portfolio without burning a hole in their pockets. Who does it and on what scale is only a matter of wait and watch.

    Ratings of KPL 2015

  • IPTL to be telecast LIVE in over 150 territories

    IPTL to be telecast LIVE in over 150 territories

    MUMBAI: Come December, the second edition of the much-anticipated International Premier Tennis League presented (IPTL) will be broadcast in over 150 territories across the globe. the event that features the world’s leading tennis players, now promises to attract both increased spectators and viewers with a bevy of leading broadcasters airing the matches for audiences across the World.

     

    The league has partnered with some of the world’s biggest sports broadcasters. ESPN, Fox Asia, Sky Sports, TV5, WOWOW, Eurosport, Tennis Channel, Star Sports, Abu Dhabi Media Group among others will beam the IPTL into homes across the United States, United Kingdom, South-East Asia, the Middle East, Sub-Saharan Africa, and the Caribbean, giving the league a truly global broadcast footprint. All matches will be produced in HD quality with IPTL graphics and commentary by Jason Goodall and Robbie Koenig.

     

    “We are proud to strengthen our reach, taking it to global audiences through many of the world’s leading broadcasters. The success of Season 1 is a result of the format being accepted by the players translating into high-intensity competition. We will continue to offer an unmatched viewing experience to our global audiences who are now beginning to enjoy tennis in a manner never seen before,” said Mahesh Bhupathi on behalf of the league.

     

    This year’s edition will see five franchises –The Micromax Indian Aces, OUE Singapore Slammers, UAE Royals, Philippine Mavericks and Japan Warriors battle it out for the coveted IPTL trophy.

     

    The five franchises will feature Grand Slam champions, current and former world number one players, and other top tennis talent from across the world. The star-studded line-up boasts seven of the Top 10men’s and women’s players.

  • David Hill & Reginald Hudlin tapped to produce 88th Oscars

    David Hill & Reginald Hudlin tapped to produce 88th Oscars

    MUMBAI: After this year’s ho-hum response to the Oscars show, which was hosted by Neil Patrick Harris and produced by Craig Zadan and Neil Meron, the Academy has named two new producers for the 2016 show.

     

    Emmy-winning live television producer David Hill and Oscar-nominated producer-director Reginald Hudlin have been tapped to produce the 88th Oscars telecast.

     

    It will be their first involvement with the Academy Awards, which will be held on 28 February, 2016.

     

    Academy president Cheryl Boone Isaacs said, “We’re delighted to have this talented team on board. David is a true innovator with a dynamic personality. His vast experience as a live events producer, coupled with Reggie’s energy, creativity and talent as a filmmaker, is sure to make this year’s Oscar telecast a memorable one.”

     

    “What a great and exciting honour! The quest is to honour the year in film, honour the art, and above all, make it fun,” said Hill.

     

    “I’m looking forward to working with the Academy again. I love every kind of film and this year’s awards will be a celebration of the total range of cinema,” said Hudlin.

     

    “We’re excited to work with David and Reggie. With their enthusiasm and breadth of experience, they will bring a fresh perspective to the Oscar show,” said Academy CEO Dawn Hudson.

     

    An executive with the Fox group of companies for more than 25 years, Hill most recently served as 21st Century Fox senior executive vice president, overseeing programming, digital initiatives, and other opportunities on five continents. He was previously Fox Sports Media Group chairman and CEO. Hill began his career with News Corporation in Great Britain, where he helped launch Sky Television, introduced the multilingual sports channel Eurosport, and created the subscription channel Sky Sports. He recently left Fox to start his own production company, Hilly, focusing on live and reality television. 

     

    On the other hand, writer, director, producer and executive, Hudlin received a 2012 Best Picture Oscar nomination as a producer of Django Unchained.  Hudlin’s film credits includeBoomerang, The Great White Hype and the award-winning comedy House Party, which he also wrote. He executive produced the TV series The Boondocks and The Black Panther; and has directed for Modern Family, Murder in The First, New Girl and The Office. Last year, Hudlin produced the Academy’s 6th Annual Governors Awards ceremony and has been the executive producer of the NAACP Image Awards since 2012. Hudlin was the first president of entertainment for BET Networks from 2005 to 2009. He is a partner in Milestone Media, a multi-ethnic comic book company distributed by DC Comics, as well as New Nation Networks, a premium content provider in partnership with Google.

  • Discovery to acquire full control of Eurosport for €491 million from TF1

    Discovery to acquire full control of Eurosport for €491 million from TF1

    NEW DELHI: Discovery Communications, which had earlier acquired a controlling stake in sports broadcaster Eurosport France by increasing its share to 51 per cent, is now acquiring full ownership for €491 million from TF1 Group.

     

    The TF1 Group will exercise a put option on its 49 per cent ownership stake as part of the companies’ previous 2012 agreement.

     

    “Discovery Communications is excited to expand and deepen our investment in Eurosport as we continue to strengthen our newest global brand with locally relevant sports rights that create value for fans, advertisers and distributors,” said Discovery Communications president and CEO David Zaslav.

     

    “In 2012, we began our investment with a 20 per cent stake in Eurosport and increased that investment to 51 per cent. Taking full control of Eurosport is the culmination of our commitment to strengthening Eurosport as a premier sports brand and fully integrating this business within Discovery’s unmatched global portfolio. I would like to thank TF1 for being great partners to us on this journey for the past few years,” he added.

     

    “We are delighted by the excellent relationship between Discovery and TF1 since we began our partnership in 2012. After an initial phase of creating value via acquisitions of equity stakes, which accelerated the development of Eurosport and the theme channels, we intend to continue our collaboration in the years ahead,” added TF1 chairman and CEO Nonce Paolini.

     

    The agreement also includes a provision for TF1 to buy back Discovery’s 20 per cent interest in TV Breizh, Histoire, and Ushua?a TV for €15 million. Both transactions are expected to close at the beginning of the fourth quarter.

     

    Since May 2014, Discovery and Eurosport have acquired more than 7,500 hours of coverage – with more than 3,300 of that live – per year across more than 50 properties signed. From UEFA Champions League, Europa League, Major League Soccer, expanding on Bundesliga soccer, Spanish cycling, Winter Ski Jumping, Wimbledon in Belgium, and FIFA Women’s World Cup across Europe, to Moto GP in Germany, Belgium and Netherlands, these new rights strengthen the Eurosport channels and bring the most compelling sporting events to local fans everywhere.

     

    In June, Discovery/Eurosport won the TV and multiplatform rights for the Olympic Games from 2018 to 2024, reinforcing Eurosport as the home of Olympic sports all year long. The agreement allows for more European sports fans to access the games on more platforms and screens than ever before. With almost half of Eurosport’s existing programming being Olympic sports, Discovery and Eurosport say they will now engage passionate fans around these key sports 365 days a year. Discovery and Eurosport will have access to the Olympic emblems and the rich Olympic video library and archive, which will further solidify Eurosport’s position as the pan-European home of Olympic sports.

  • Discovery appoints Arthur Bastings as DNAP president and MD

    Discovery appoints Arthur Bastings as DNAP president and MD

    MUMBAI: Discovery Networks International (DNI) has appointed Arthur Bastings as Discovery Networks Asia-Pacific (DNAP) president and managing director, effective 1 September, 2015. He will report to DNI president Jean-Briac Perrette.

     

    As part of the new role, Bastings will be responsible for setting the regional strategy and maximising the potential of DNAP’s business and workforce to accelerate the company’s expansion. He will be based out of the Singapore office. Bastings’ remit will include fortifying DNAP’s sports offering and leading strategies in the region, in partnership with Eurosport CEO Peter Hutton.

     

    “The Asia Pacific region encompasses two thirds of the world’s population and thus represents one of the biggest growth opportunities for our company. Arthur has a remarkable combination of experience in Asia, strong strategic thinking, and a proven track record of growth and building strong teams.  His deep knowledge of Discovery and familiarity with the Asia market will give him a great head start in accelerating DNAP’s expansion,” said Perrette.

     

    Bastings joins DNAP from Millicom, an international telecommunications and media company, where he was a member of the executive committee responsible for Africa and Financial Services, focusing on mobile and information and communications technology convergence.  He brings over 20 years’ experience working in the TV and media business, including several years leading strategy and business development for Viacom across Asia. Bastings also previously spent six years as executive vice president and managing director for Europe, Middle East and Africa (EMEA) for Discovery. Under his leadership, Discovery’s EMEA business transformed by doubling audiences and generating exceptional organic growth that resulted in one of the fastest growing and largest pay TV businesses in the region.