Tag: SPNI

  • SPNI to broadcast the Supercopa De Espana on Sony Six & Sony Six HD

    SPNI to broadcast the Supercopa De Espana on Sony Six & Sony Six HD

    MUMBAI: The sports cluster of the Sony Pictures Networks India (SPN) will broadcast the Supercopa De Espana or the Spanish Cup, to be played between Barcelona and Sevilla. The Spanish Cup will be aired LIVE and exclusive on Sony SIX and Sony SIX HD, on the 15th and 18th of August, at 1:30 am and 2:30 am respectively. The Supercopa de España will be a two-legged football match-up to be played between the champions of2015–16 LaLiga, Barcelona, and the runners-up of the 2015–16 Copa del Rey, Sevilla.

    Some of the big names who will battle it out on the field to take their team to victory are Messi, Suarez and Pique from Barcelona and Reyes and Coke from Seville. This is the first time, Sevilla will be playing Barcelona after the latter defeated the former in a thrilling 2-0 win in extra time at the Copa Del Ray finals in May this year. The previous season has been a shaky one for Sevilla and the Supercopa De Espana will be their platform to avenge their defeat against the Spanish giants and come back with a bang this upcoming season.

    The first leg of The Spanish Super Cup will take place on August 15 at the Ramón Sánchez Pizjuán Stadium in Seville, followed by the second leg on August 18 at the Camp Nou in Barcelona.

  • Twitter, broadcasters & brands: Building a win-win partnership

    Twitter, broadcasters & brands: Building a win-win partnership

    MUMBAI: For some time now, the popularity of Facebook and Twitter has majorly concerned broadcasters and other industry stakeholders for its impact on the viewership ratings. The second screen can distract its audience easily and chip away at the already reduced attention span of this attention deficit hyperactivity disorder  (ADHD)  generation.

    Naturally companies like Twitter are mostly seen as competition, especially now that it is equipped with its own video arm. But if we were to say TV audience’s exposure to social media, and the digital chatter over Twitter is actually a plus for the broadcasters, would anyone agree?

    A fine example is the reception that the singing reality show Sa Re Ga Ma Pa got for its  finale episode. It notched  up record ratings for Zee TV, and the latter says it owes a good part of the success to the role Twitter played.

    “We were pleased to partner with Twitter India and set new benchmarks in terms of digital engagement. Twitter’s real-time, conversational capabilities helped audiences connect with the show and experience its world like nothing else can. This collaboration has also helped our contestants and mentors engage better with our viewers,” a Zee Tv spokesperson had earlier shared.

    The show had gained over 25 million tweet impressions, establishing itself as the biggest singing reality TV show on the platform in India and Zee Tv’s twitter handle, @ZeeTV gained more than 100K followers in just three months.

    “#SaReGaMaPa is a great example of how a TV show can leverage a platform like Twitter to celebrate the talent of a reality show, and to foster collaboration between a TV channel, talent and fans. For the first time, a multitude of voices in the TV ecosystem (TV channel, contestants, judges and fans) came together to provide a complementary experience to the reality TV show. Twitter lit up with more than 300,000 Tweets during this iconic social TV moment, and it brought viewers closer to the show via Tweets, behind-the-scenes and highlight videos,” said Twitter India head of TV partnerships Viral Jani.

    In fact the 12 final contestants were given special attention from Twitter team as part of this partnership with Zee TV. “We got them on board the platform and gave them individual training sessions on how to use twitter better, and leverage their stardom with it. We also gave them an idea of how international singing reality stars use twitter both when live and behind the scenes,” Jani explained.

    The result was phenomenal. Contestants tweeted twice the times of  videos than the @ZeeTV handle

    And added 115 per cent more Tweet impressions to @ZeeTV handle through the season (@ZeeTV  with 9.5 million impressions), as per the data shared by Twitter India.

    Zee TV and Sa Re Ga Ma Pa aren’t the only examples of a successful twitter + TV partnership in India in the recent past.

    In July 2015, EPIC TV  and Twitter launched a unique innovation for the channel’s new campaign – #EPICat10, where in the broadcaster used the Twitter Alarm letting followers set a reminder for the 10pm shows for the first time. ColorsTV and BiggBoss created massive engagement with #BB9 viewers using native video uploads on Twitter powered by SnappyTV – including sneak peeks, uncensored videos and live tweeting with fun videos, with Twitter being the only external platform showcasing Bigg Boss videos. India Today Television has joined hands with Twitter in an exclusive partnership to conduct Twitter Town Halls that gives an opportunity to followers on Twitter to engage with newsmakers, opinion makers and other eminent personalities. Apart from  this Twitter also works in regional markets with other partners such as the Sun Network in the south and ZEEL’s  certain regional channels.

    Apart from this Star Plus, CNN IBN and IBN7 have regularly used Twitter’s live-streaming app Periscope to engage with audiences. SPNI’s SAB has also collaborated with Twitter for  brand as well as several show promotions.

    “In fact, for our recent show launches like Khidki and Y.A.R.O Ka Tashan we had collaborated with Twitter at a more comprehensive level. For Khidki, we actively scouted comic content from consumers. We partnered with the micro-blogging site to run a contest titled ‘#Tweetyourfunnystory’ and also did a live Q&A session with the producers of the show JD Majethia and Umesh Shukla on Twitter’s video-streaming app Periscope. This initiative sure got the viewers excited enough to share some of their funniest stories. We received over 12000 plus stories,” shared SAB TV EVP & business head Anooj Kapoor.

    For its show, Y.A.R.O Ka Tashan, SAB  created a unique Twitter BOT representing the Humanoid – Y.A.R.O, a lead character in its new show. The BOT replicated the characteristics of Y.A.R.O by answering all kind of question thrown at it.

    “Adding to this online campaign, we also had live outdoor hoardings in several high-traffic vantage points. Wherein, if someone was around the vicinity and happen to ask a question on Twitter with #SABKaYaro, his/her tweet and the response got displayed on this outdoor medium,” Kapoor said, adding that the broadcaster has attempted several other Twitter centric promotions in the recent past.

    The natural question is: did it have any significant impact in the channel or the shows’ popularity?

    “While we would be unable to directly measure the growth in ratings or viewership being driven from Twitter or any social medium for that matter, we can certainly say one thing that such collaborations and engagement with viewers on the online platform does drives home more youth and newer audiences for our shows. It also helps us gauge their interest levels for our concepts, opinions, feedback and these insights together help us deliver better,” Kapoor states frankly.

    When it comes finding a direct correlation between twitter engagement and a channel’s viewership ratings global info measurement leader Nielsen and  its TV and social media measurement output SocialGuide has the industry covered. In 2013, a study released by data scientists identified Twitter as one of three statistically significant variables (in addition to prior-year rating and advertising spend) to align with TV ratings.

    “Increases in Twitter volume correlate to increases in TV ratings for varying age groups, revealing a stronger correlation for younger audiences. Specifically, the study found that for 18-34 year olds, an 8.5% increase in Twitter volume corresponds to a 1% increase in TV ratings for premiere episodes, and a 4.2% increase in Twitter volume corresponds with a 1% increase in ratings for mid-season episodes,” the study read.

    Albeit the observation was sampled from 32 million unique people in the US, but similar inferences can be drawn from the study for the Indian market as well, as youth in India aren’t a world removed from the global youth when it comes to their online behaviour especially since the explosion in smartphone penetration in the country in the past three years.

    If Tweeting frequently, in greater volume and gaining traction is all there is to it, what advantages does a partnership with Twitter India give any broadcaster that its social management team can’t master on its own?

    “It’s true that being an open platform, anyone can launch their own handle and tweet. When we partner a broadcaster for a brand or show promotion, there are a bunch of advantages that come with it. Firstly we invest time with our partners to create creative strategies that they can follow on Twitter, which includes sharing data and global case studies that help them get a better idea. Secondly, we also give our partners access to certain tools and accessories that are helpful in creating inherently viral content,” answers Jani.

    This includes access to the Twitter India Blue Room that is a great platform for brands, TV personalities  to come and interact live with the twitterati. Twitter Challenger app, the Twitter Q & A app, Twitter Challenger App, Vine and the Twitter Mirror app are some of the other accessories that could be a part of the deal with each broadcaster/ brand.

    “Preferred partners are also given access to tool called Snappytv specially created for broadcasters  to allow them to beam short videos through its handles picked up from its broadcast feed in real time,” adds Jani. Twitter also gives access to its co-monetised product Amplify available to only select partners, that helps them monetise broadcasters/brands its premium content on Twitter.

    Interestingly, not all of these partnerships are commercial contracts per say, but ‘relationship building’ on the social media platform’s part. Most often Twitter only plays the role of a consultant explaining to the broadcaster on how it can use the platform better and more efficiently, without any promised monetary deal. “We work with our partners with the aim of audience growth,” Jani quips.

    So is there anything there for Twitter in these ‘philanthropic’ endeavours?

    “Globally we have seen the TV viewers tweet while watching TV, and carry the conversation online way after the show is over by following their favourite shows, or stars online. We have identified it as one of the verticals that is good to invest in. it is a mutually beneficial initiative as the broadcasters get to grow their audiences, and we get more traction and our users get good content on the platform,” Jani explains.

    And how can broadcasters leverage this to  their commercial benefit? A media planner says that the TV-Twitter metrics can be incorporated in the media planning and buying presence to identify shows with high audience engagement.

    Brands and advertisers either sponsoring or taking up FCT on a show on television can also work with the broadcasters social teams  to forge deeper conversations and engagements about the brand with the series’ audience on Twitter and vice-versa to further build buzz.

    “Collaborations such as this can build brand or show love,” says the planner.  “And it is this love of a brand which drives transactions and engagement with it.”

    Now isn’t that a win-win situation?

    (With inputs from Sonam Saini )

  • Twitter, broadcasters & brands: Building a win-win partnership

    Twitter, broadcasters & brands: Building a win-win partnership

    MUMBAI: For some time now, the popularity of Facebook and Twitter has majorly concerned broadcasters and other industry stakeholders for its impact on the viewership ratings. The second screen can distract its audience easily and chip away at the already reduced attention span of this attention deficit hyperactivity disorder  (ADHD)  generation.

    Naturally companies like Twitter are mostly seen as competition, especially now that it is equipped with its own video arm. But if we were to say TV audience’s exposure to social media, and the digital chatter over Twitter is actually a plus for the broadcasters, would anyone agree?

    A fine example is the reception that the singing reality show Sa Re Ga Ma Pa got for its  finale episode. It notched  up record ratings for Zee TV, and the latter says it owes a good part of the success to the role Twitter played.

    “We were pleased to partner with Twitter India and set new benchmarks in terms of digital engagement. Twitter’s real-time, conversational capabilities helped audiences connect with the show and experience its world like nothing else can. This collaboration has also helped our contestants and mentors engage better with our viewers,” a Zee Tv spokesperson had earlier shared.

    The show had gained over 25 million tweet impressions, establishing itself as the biggest singing reality TV show on the platform in India and Zee Tv’s twitter handle, @ZeeTV gained more than 100K followers in just three months.

    “#SaReGaMaPa is a great example of how a TV show can leverage a platform like Twitter to celebrate the talent of a reality show, and to foster collaboration between a TV channel, talent and fans. For the first time, a multitude of voices in the TV ecosystem (TV channel, contestants, judges and fans) came together to provide a complementary experience to the reality TV show. Twitter lit up with more than 300,000 Tweets during this iconic social TV moment, and it brought viewers closer to the show via Tweets, behind-the-scenes and highlight videos,” said Twitter India head of TV partnerships Viral Jani.

    In fact the 12 final contestants were given special attention from Twitter team as part of this partnership with Zee TV. “We got them on board the platform and gave them individual training sessions on how to use twitter better, and leverage their stardom with it. We also gave them an idea of how international singing reality stars use twitter both when live and behind the scenes,” Jani explained.

    The result was phenomenal. Contestants tweeted twice the times of  videos than the @ZeeTV handle

    And added 115 per cent more Tweet impressions to @ZeeTV handle through the season (@ZeeTV  with 9.5 million impressions), as per the data shared by Twitter India.

    Zee TV and Sa Re Ga Ma Pa aren’t the only examples of a successful twitter + TV partnership in India in the recent past.

    In July 2015, EPIC TV  and Twitter launched a unique innovation for the channel’s new campaign – #EPICat10, where in the broadcaster used the Twitter Alarm letting followers set a reminder for the 10pm shows for the first time. ColorsTV and BiggBoss created massive engagement with #BB9 viewers using native video uploads on Twitter powered by SnappyTV – including sneak peeks, uncensored videos and live tweeting with fun videos, with Twitter being the only external platform showcasing Bigg Boss videos. India Today Television has joined hands with Twitter in an exclusive partnership to conduct Twitter Town Halls that gives an opportunity to followers on Twitter to engage with newsmakers, opinion makers and other eminent personalities. Apart from  this Twitter also works in regional markets with other partners such as the Sun Network in the south and ZEEL’s  certain regional channels.

    Apart from this Star Plus, CNN IBN and IBN7 have regularly used Twitter’s live-streaming app Periscope to engage with audiences. SPNI’s SAB has also collaborated with Twitter for  brand as well as several show promotions.

    “In fact, for our recent show launches like Khidki and Y.A.R.O Ka Tashan we had collaborated with Twitter at a more comprehensive level. For Khidki, we actively scouted comic content from consumers. We partnered with the micro-blogging site to run a contest titled ‘#Tweetyourfunnystory’ and also did a live Q&A session with the producers of the show JD Majethia and Umesh Shukla on Twitter’s video-streaming app Periscope. This initiative sure got the viewers excited enough to share some of their funniest stories. We received over 12000 plus stories,” shared SAB TV EVP & business head Anooj Kapoor.

    For its show, Y.A.R.O Ka Tashan, SAB  created a unique Twitter BOT representing the Humanoid – Y.A.R.O, a lead character in its new show. The BOT replicated the characteristics of Y.A.R.O by answering all kind of question thrown at it.

    “Adding to this online campaign, we also had live outdoor hoardings in several high-traffic vantage points. Wherein, if someone was around the vicinity and happen to ask a question on Twitter with #SABKaYaro, his/her tweet and the response got displayed on this outdoor medium,” Kapoor said, adding that the broadcaster has attempted several other Twitter centric promotions in the recent past.

    The natural question is: did it have any significant impact in the channel or the shows’ popularity?

    “While we would be unable to directly measure the growth in ratings or viewership being driven from Twitter or any social medium for that matter, we can certainly say one thing that such collaborations and engagement with viewers on the online platform does drives home more youth and newer audiences for our shows. It also helps us gauge their interest levels for our concepts, opinions, feedback and these insights together help us deliver better,” Kapoor states frankly.

    When it comes finding a direct correlation between twitter engagement and a channel’s viewership ratings global info measurement leader Nielsen and  its TV and social media measurement output SocialGuide has the industry covered. In 2013, a study released by data scientists identified Twitter as one of three statistically significant variables (in addition to prior-year rating and advertising spend) to align with TV ratings.

    “Increases in Twitter volume correlate to increases in TV ratings for varying age groups, revealing a stronger correlation for younger audiences. Specifically, the study found that for 18-34 year olds, an 8.5% increase in Twitter volume corresponds to a 1% increase in TV ratings for premiere episodes, and a 4.2% increase in Twitter volume corresponds with a 1% increase in ratings for mid-season episodes,” the study read.

    Albeit the observation was sampled from 32 million unique people in the US, but similar inferences can be drawn from the study for the Indian market as well, as youth in India aren’t a world removed from the global youth when it comes to their online behaviour especially since the explosion in smartphone penetration in the country in the past three years.

    If Tweeting frequently, in greater volume and gaining traction is all there is to it, what advantages does a partnership with Twitter India give any broadcaster that its social management team can’t master on its own?

    “It’s true that being an open platform, anyone can launch their own handle and tweet. When we partner a broadcaster for a brand or show promotion, there are a bunch of advantages that come with it. Firstly we invest time with our partners to create creative strategies that they can follow on Twitter, which includes sharing data and global case studies that help them get a better idea. Secondly, we also give our partners access to certain tools and accessories that are helpful in creating inherently viral content,” answers Jani.

    This includes access to the Twitter India Blue Room that is a great platform for brands, TV personalities  to come and interact live with the twitterati. Twitter Challenger app, the Twitter Q & A app, Twitter Challenger App, Vine and the Twitter Mirror app are some of the other accessories that could be a part of the deal with each broadcaster/ brand.

    “Preferred partners are also given access to tool called Snappytv specially created for broadcasters  to allow them to beam short videos through its handles picked up from its broadcast feed in real time,” adds Jani. Twitter also gives access to its co-monetised product Amplify available to only select partners, that helps them monetise broadcasters/brands its premium content on Twitter.

    Interestingly, not all of these partnerships are commercial contracts per say, but ‘relationship building’ on the social media platform’s part. Most often Twitter only plays the role of a consultant explaining to the broadcaster on how it can use the platform better and more efficiently, without any promised monetary deal. “We work with our partners with the aim of audience growth,” Jani quips.

    So is there anything there for Twitter in these ‘philanthropic’ endeavours?

    “Globally we have seen the TV viewers tweet while watching TV, and carry the conversation online way after the show is over by following their favourite shows, or stars online. We have identified it as one of the verticals that is good to invest in. it is a mutually beneficial initiative as the broadcasters get to grow their audiences, and we get more traction and our users get good content on the platform,” Jani explains.

    And how can broadcasters leverage this to  their commercial benefit? A media planner says that the TV-Twitter metrics can be incorporated in the media planning and buying presence to identify shows with high audience engagement.

    Brands and advertisers either sponsoring or taking up FCT on a show on television can also work with the broadcasters social teams  to forge deeper conversations and engagements about the brand with the series’ audience on Twitter and vice-versa to further build buzz.

    “Collaborations such as this can build brand or show love,” says the planner.  “And it is this love of a brand which drives transactions and engagement with it.”

    Now isn’t that a win-win situation?

    (With inputs from Sonam Saini )

  • Sony Pictures Networks India  to foray into TV production

    Sony Pictures Networks India to foray into TV production

    MUMBAI: Last month, in an interview to deadline.com, Sony Pictures Television (SPT) presidents of programming and production Zack Van Amburg and Jamie Erlicht had stated that India could be the top notch production studio’s destination following the success it had achieved in China producing television.

    Speaking to the website about growth for SPT, Amburg had said: “…Where does growth come from and where does profitability come from? I think it comes from being a smart, thoughtful, global company. And more importantly, are there still growth markets internationally? I would say a hundred percent yes. China is a very interesting market, I think a lot of people have been examining that. We’re already producing a hit series there, Mad About You, we have two or three other projects that are in the mix right now. We had a dynamic conversation today about India. We have a huge networks footprint there.”

    The network he was referring to is of course Sony Picture Networks (SPN) India, which is headed by CEO NP Singh. SPN India, has a motion picture division in India which is headed by Sneha Rajani, and which produced the successful Amitabh Bacchan-starrer Piku last year. This apart, Sony Pictures Entertainment Films has been releasing international films from its parent stable in the country.

    And today confirmation came in from SPN India that it was indeed foraying into TV production. “SPN has decided to produce fiction shows in-house for our network. While we are starting with one show, we will scale up as we go forward,” said a company spokesperson in an email response to a query from Indiantelevision.com.

    No further details were forthcoming on who would be heading the production initiative, at the time of writing.

    SPT in has an envious slate of shows to its credit: The BlackList, Jeopardy, Wheel of Fortune, Night Shift, Days of our Lives, The NightShift, BloodLine, Drop Dead Diva, The Art of More, Rules of Engagement, Dr Ken, Preacher…

    This is not the first instance that a broadcast network is getting into TV production. The Zee Network has its Essel Vision, which has been involved in many of its marquee properties. Then Star India had taken a 25.99 per cent stake in Balaji Telefilms April 2004, only to exit it on 5 August 2015 at a price of Rs 108 crore.

  • Sony Pictures Networks India  to foray into TV production

    Sony Pictures Networks India to foray into TV production

    MUMBAI: Last month, in an interview to deadline.com, Sony Pictures Television (SPT) presidents of programming and production Zack Van Amburg and Jamie Erlicht had stated that India could be the top notch production studio’s destination following the success it had achieved in China producing television.

    Speaking to the website about growth for SPT, Amburg had said: “…Where does growth come from and where does profitability come from? I think it comes from being a smart, thoughtful, global company. And more importantly, are there still growth markets internationally? I would say a hundred percent yes. China is a very interesting market, I think a lot of people have been examining that. We’re already producing a hit series there, Mad About You, we have two or three other projects that are in the mix right now. We had a dynamic conversation today about India. We have a huge networks footprint there.”

    The network he was referring to is of course Sony Picture Networks (SPN) India, which is headed by CEO NP Singh. SPN India, has a motion picture division in India which is headed by Sneha Rajani, and which produced the successful Amitabh Bacchan-starrer Piku last year. This apart, Sony Pictures Entertainment Films has been releasing international films from its parent stable in the country.

    And today confirmation came in from SPN India that it was indeed foraying into TV production. “SPN has decided to produce fiction shows in-house for our network. While we are starting with one show, we will scale up as we go forward,” said a company spokesperson in an email response to a query from Indiantelevision.com.

    No further details were forthcoming on who would be heading the production initiative, at the time of writing.

    SPT in has an envious slate of shows to its credit: The BlackList, Jeopardy, Wheel of Fortune, Night Shift, Days of our Lives, The NightShift, BloodLine, Drop Dead Diva, The Art of More, Rules of Engagement, Dr Ken, Preacher…

    This is not the first instance that a broadcast network is getting into TV production. The Zee Network has its Essel Vision, which has been involved in many of its marquee properties. Then Star India had taken a 25.99 per cent stake in Balaji Telefilms April 2004, only to exit it on 5 August 2015 at a price of Rs 108 crore.

  • SPNI and Ten Sports rubbish acquisition talks

    SPNI and Ten Sports rubbish acquisition talks

    MUMBAI: On 8 August, several trade publications were splashed with headlines stating that Sony Pictures Networks India (SPNI) was close to acquiring the Subhash Chandra-owned Zee Networks’ sports network Ten Sports. The news was also carried by Times of India’s tabloid Mirror. The Economic Times from the same group too published a similar report, with no confirmation from either of the parties involved. SPNI sources had told ET that they do not comment on speculation. But the price mentioned in the news item for the transaction was Rs 2,000 crore.

    Indiantelevision.com too reported that the news had been carried by the two newspapers. But it committed to get to the n two channels and get their revert on the same.

    We did yesterday. And both the networks have denied that any deal was at closure stage.

    A member of the senior strategy team at Sony spoke candidly when he told us: “There is nothing to comment. These all are false speculations there is no basis to these reports.”

    Ten Sports CEO Rajesh Seth did not mince any words when he spoke with us. Said he: “In the company, we keep talking and exploring various opportunities that are right for the organisation but the discussion does not mean that it will go in that direction The news is pure speculation.”

  • SPNI and Ten Sports rubbish acquisition talks

    SPNI and Ten Sports rubbish acquisition talks

    MUMBAI: On 8 August, several trade publications were splashed with headlines stating that Sony Pictures Networks India (SPNI) was close to acquiring the Subhash Chandra-owned Zee Networks’ sports network Ten Sports. The news was also carried by Times of India’s tabloid Mirror. The Economic Times from the same group too published a similar report, with no confirmation from either of the parties involved. SPNI sources had told ET that they do not comment on speculation. But the price mentioned in the news item for the transaction was Rs 2,000 crore.

    Indiantelevision.com too reported that the news had been carried by the two newspapers. But it committed to get to the n two channels and get their revert on the same.

    We did yesterday. And both the networks have denied that any deal was at closure stage.

    A member of the senior strategy team at Sony spoke candidly when he told us: “There is nothing to comment. These all are false speculations there is no basis to these reports.”

    Ten Sports CEO Rajesh Seth did not mince any words when he spoke with us. Said he: “In the company, we keep talking and exploring various opportunities that are right for the organisation but the discussion does not mean that it will go in that direction The news is pure speculation.”

  • News reports claim SPNI is close to acquiring TEN brand from Zeel

    News reports claim SPNI is close to acquiring TEN brand from Zeel

    MUMBAI: A new whisper campaign, which if true, could change the lay of the land in India sports broadcasting has been going on over the past few days. It began with the Mirror tabloid from the Times of India group announcing that Sony Pictures Networks India (SPNI) was close to acquiring the TEN sports brand from the Subhash Chandra owned-Zee Network.

    Of course when the Mirror breaks a piece of news related to business, you kind of keep it to yourself and on the shelf until a confirmation comes.

    Then this morning even The Economoc Times from the same group came out with a similar report. Again no confirmation from both the parties was forthcoming. SPNI sources told the ET that they do not comment on speculation. But the price mentioned in the news item for the transaction is Rs 2,000 crore.

    And when The ET does report something, you at least mention that it has reported it. The newspaper says that post the transaction, sports television in India will become a two horse race between the Twenty First Century Fox owned Star India and the Sony Japan owned SPNI.

    Observers, however, maintain that the enterprise value, if it the deal is indeed happening, of Rs 2,000 crore is too low. Reason: back in 2010, Zeel coughed up close to $44.155 million (Rs 270 crore) to acquire a 45 per cent stake in Taj Television Mauritius and Taj Television India. Prior to that, it had handed out $57 million (close to about Rs 360 crore) to snare a 50 per cent stake from the Bukhatir group. That means Zeel paid about Rs 630 crore to buy Ten Sports. Post that it has spent lots of money acquiring cricket rights and other sports rights, over the years.

    “Selling Ten Sports at 2x what it paid over nine years ago is not a great deal for Zeel,” says an investment banker close to Zeel. “I think the Essel group could be looking for at least 3x to 3.5x of the value. It’s not as if it is a troubled group that it has to resort to a fire sale like that. Zeel’s profitability, operating paramters, top line, debt, all are doing well. Hence, a 3x to 3.5x price is a better asking price.”

    Be that as it may, Indiantelevision.com will be reaching out to the two networks for a confirmation or denial later today. Until then, watch this space.

  • News reports claim SPNI is close to acquiring TEN brand from Zeel

    News reports claim SPNI is close to acquiring TEN brand from Zeel

    MUMBAI: A new whisper campaign, which if true, could change the lay of the land in India sports broadcasting has been going on over the past few days. It began with the Mirror tabloid from the Times of India group announcing that Sony Pictures Networks India (SPNI) was close to acquiring the TEN sports brand from the Subhash Chandra owned-Zee Network.

    Of course when the Mirror breaks a piece of news related to business, you kind of keep it to yourself and on the shelf until a confirmation comes.

    Then this morning even The Economoc Times from the same group came out with a similar report. Again no confirmation from both the parties was forthcoming. SPNI sources told the ET that they do not comment on speculation. But the price mentioned in the news item for the transaction is Rs 2,000 crore.

    And when The ET does report something, you at least mention that it has reported it. The newspaper says that post the transaction, sports television in India will become a two horse race between the Twenty First Century Fox owned Star India and the Sony Japan owned SPNI.

    Observers, however, maintain that the enterprise value, if it the deal is indeed happening, of Rs 2,000 crore is too low. Reason: back in 2010, Zeel coughed up close to $44.155 million (Rs 270 crore) to acquire a 45 per cent stake in Taj Television Mauritius and Taj Television India. Prior to that, it had handed out $57 million (close to about Rs 360 crore) to snare a 50 per cent stake from the Bukhatir group. That means Zeel paid about Rs 630 crore to buy Ten Sports. Post that it has spent lots of money acquiring cricket rights and other sports rights, over the years.

    “Selling Ten Sports at 2x what it paid over nine years ago is not a great deal for Zeel,” says an investment banker close to Zeel. “I think the Essel group could be looking for at least 3x to 3.5x of the value. It’s not as if it is a troubled group that it has to resort to a fire sale like that. Zeel’s profitability, operating paramters, top line, debt, all are doing well. Hence, a 3x to 3.5x price is a better asking price.”

    Be that as it may, Indiantelevision.com will be reaching out to the two networks for a confirmation or denial later today. Until then, watch this space.