Tag: Sports18

  • High-Speed World Record in sight as India gears up for MotoGP Bharat

    High-Speed World Record in sight as India gears up for MotoGP Bharat

    Mumbai: Motorsports aficionados in India are in for a grand treat with the MotoGP Bharat taking place at the Buddh International Circuit (BIC) in Greater Noida from September 22-24, LIVE on JioCinema, and aired on Sports18 Khel. This is the 13 race of the season and the first time that the highest class of motorcycle racing is taking place in India.

    About 1,50,000 fans are expected to watch proceedings at the fast-flowing track that includes 13 challenging turns (eight right and five left). This year, Brad Binder of Red Bull KTM became the fastest Grand Prix rider ever, clocking 366.1 km/hr at the Italian GP, however, the record is expected to be breached at 370 km/hr, thanks to the long back straight at BIC, measuring 1.06 km.

    Ducati Lenovo Team’s Francesco ‘Pecco’ Bagnaia stands at the top of the riders’ standings after 12 races with 283 points. Bagnaia produced a stellar performance in the second half of 2022 and clinched the crown at the season finale. Sporting the #1 for the 2023 season, Bagnaia has been the rider to beat and will be seen in action at the Bharat GP. Spain’s Jorge Martin Almoguera of Prima Pramac Racing (Ducati) stands in second place with 247 points. Nicknamed the ‘Martinator’, Martin bounced back after a winless season last year to become a title contender again and will have his sights set on the trophy come Sunday.

    Mooney VR46 Racing Team (Ducati)’s Marco Bezzecchi of Italy lies in third place with 218 points. Bezzecchi announced himself as a title contender this season with two wins in the first five races. Sunday’s race will also see six-time world champion Marc Marquez of the Repsol Honda Team in action.

    Sunday’s race will witness a fierce battle of world-class motorcycles and champion riders as they vie to etch a piece of history by becoming the first-ever winner of MotoGP Bharat.

    Catch all the action of the MotoGP – Bharat – Main Race on 24 September 2023, Sunday, 3:30 PM onwards, LIVE & Exclusive on JioCinema and Sports18 Khel

  • IndianOil joins MotoGP Bharat as title sponsor

    IndianOil joins MotoGP Bharat as title sponsor

    Mumbai: MotoGP Bharat has roped in IndianOil, the country’s leading diversified, integrated energy major as the title sponsor for India’s first-ever MotoGP Grand Prix scheduled to take place at the Buddh International Circuit in Greater Noida from 22 to 24 September.

    Organised by FairStreet Sports in collaboration with Dorna Sports, the MotoGP Bharat promises to be a thrilling spectacle with 42 teams and 84 riders participating in the MotoGP, Moto2, and Moto3 categories, featuring renowned names like Francesco Bagnaia, Marc Marquez, Marco Bezzecchi, Brad Binder, Jack Miller, and Jorge Martin. With IndianOil as its title sponsor, the race is poised to reach even greater heights, igniting the passion and growth for motorsports across the nation.

    Commenting on this monumental partnership, FairStreet Sport, the promoters of MotoGP Bharat founder and chief operating officer Pushkar Nath Srivastava stated, “We are thrilled to welcome IndianOil as our title sponsor for MotoGP™ Bharat. As we gear up for the country’s biggest racing event, this association with one of India’s energy giants adds a new layer of excitement to it. This association is a testament to IndianOil’s commitment to supporting sporting excellence in India and we believe that it will accelerate the growth of motorcycle racing in the country.”

    Having established its presence in almost all the streams of oil, gas, petrochemicals, and alternative energy sources in the country, IndianOil stands as the nation’s highest-ranked Energy-PSU in the Fortune 500 of 2023. The brand has a rich legacy of championing various sports and tournaments and its association with MotoGP Bharat exemplifies its commitment to creating a thriving sporting culture in India.

    As per the ‘Motorsports Marketing Partnerships Report 2022–23’ by SponsorUnited, MotoGP partnerships experienced a remarkable growth of 32 per cent in 2022. IndianOil coming on board as the title sponsor for MotoGP Bharat is further proof of the emerging opportunities abound for brands keen to stake a claim in this high-octane industry.

    The high-pulsating action of MotoGP Bharat will be exclusively broadcast on Sports18 and live-streamed on JioCinema in India. Fans can secure their tickets for the exciting event on BookMyShow.

  • BCCI media rights auction: Viacom18 bags both digital and TV rights

    BCCI media rights auction: Viacom18 bags both digital and TV rights

    Mumbai: Viacom18 have secured both the TV and digital rights for international matches to be played in India for the next five years (2023-28 cycle).

    Sports18 will then telecast the matches, international and domestic, on TV while it will be live streamed on JioCinema as OTT platform.

    The broadcast cycle begins from September 2023 and goes until March 2028 for a grand total of 88 bilateral matches (could go up to 102 matches) involving India. It can be broken down into 25 Tests, 27 ODIs and 36 T20Is.

    Sony Pictures Networks India MD & CEO N.P Singh, congratulated the winners of the BCCI e-auction for the bilateral media rights by saying, “We extend our heartfelt congratulations to the BCCI for a transparent and efficient e-bidding process and to the winners for securing the bilateral media rights. Our disciplined bid was grounded in market forecasts and a long-term growth strategy. We remain committed to delivering top-tier sporting entertainment as we continue to see growing enthusiasm across various sports genres.”  

  • We are looking to broadbase appeal of LaLiga beyond key pockets: Viacom18’s Siddharth Sharma

    We are looking to broadbase appeal of LaLiga beyond key pockets: Viacom18’s Siddharth Sharma

    Mumbai: Last year, Viacom18 inked a deal with the Spanish football league, LaLiga. The new season kicked off last month. In an interaction with Indiantelevision.com, Viacom18 Sports head of content, TV and digital Siddharth Sharma said that the aim is to broadbase the appeal of LaLiga beyond the key pockets of Goa, Kerala and West Bengal.

    “Sports18 is the youngest sports network in the country. We have energy, enthusiasm and passion, and that is something that we also share with our partners like La Liga. It is undoubtedly one of the most admired and followed leagues in the world due to the track record that it has.”

    He added, “Football in the country has grown by 33 per cent over the three years from 2018–2021. La Liga has been an important contributor to that. Through our network, LaLiga reached over nine million fans, and we want to build on this further with the launch of our dedicated sports channel, Sports18. It will be our endeavour to take the league to a larger fan base across the country through our platforms. Sports18 is the primary destination for LaLiga. The aim is to give viewers the best possible viewing experience. Our intention is to get the fans excited and keep them excited. Our aim is to expand and make our sports portfolio robust, and LaLiga plays an important role in that.” 

    This also means going beyond the array of live football that happens. It is about shows like Goal’D. That is a take on football leagues and the movers and shakers.

    LaLiga, he said, has been one of the most giving partners that the broadcaster has had. They give access to footage of players. He explained that LaLiga also does cool technical stuff, which is something that Sports18 is able to leverage.

    Broadbasing football is something that the broadcaster is passionate about, he added, “We have to go beyond the key pockets. That is our focus. While we will address the core market that exists in terms of Kerala, West Bengal, Goa, and the Northeast, there is an attempt to broadbase football consumption across other markets that have a lot of headroom for growth.”

    “We will, in our endeavour to teach out to these markets, do a lot of work there with La Liga to widen the funnel there and get sports fans to engage with football. We educate them about the sport, about football players, and get them involved in the various levels of storytelling that we have to do. LaLiga is the frontrunner in our efforts to broadbase the sport due to the access that they give us to their immense library and the media hub that they have,” he said in response to a question from Indiantelevision.com.

    Talking about non-live content, he said it is a very important component. During live action, there is action, but non-live shoulder programming helps serve the core fan cohorts. “We can give them a behind-the-scenes look, nuanced approaches to set pieces of games that happen, the technical and strategic play that happens within a match. We dissect, analyse it and bring it to the viewers because it offers more time, the ability to look at these instances in a game and present them to fans. It is an immense opportunity, and we take a lot of pride in non-live programming because that takes us closer to the fans. We would also not be averse to giving fans a voice through this programming. We are having discussions with LaLiga on how to take this forward.”

    He said that the Fifa World Cup that the broadcaster will air later in the year is a milestone event in the broadcaster’s commitment to the sport. “We are looking to offer a differentiated experience. There will be a paradigm shift in terms of how the event is presented. We will engage our core viewers as well as intenders who we want to turn into core viewers. We will offer an unparalleled experience on Fifa that has never been seen in the country. The fan has to be the fulcrum of everything that we do. The fan has to be at the centre of everything that we do. The fan has converted to the sport or the team or the league. Fans have different identities, associations with the game. It is incumbent on us to serve them in the best possible manner.” 

    He also noted that core fans, non-core fans, and intenders watch football matches differently. The aim is to excite these audiences sitting at various ends of the viewership spectrum. The aim is to keep the core fan base intact and to move the intenders towards the core and to bring the floaters, or light viewers, into the middle of the value chain. “That is the idea,” he told Indiantelevision.com.

    He stated that the broadcaster’s goal with LaLiga and other soccer properties is to provide a 360-degree experience that allows fans to engage with the sport in the way that they want. In terms of having football content beyond English for LaLiga, he said that other languages like Hindi, Bangla, and Malayalam will play a role in the journey. Language commentary will be offered. For LaLiga, it is looking at putting a few key matches like El Classico next month on Sports18 Khel, the FTA channel. This, he said, accords a lot of headroom because that is an underserved audience.

    The other football properties the broadcaster has deals with for LaLiga and the Fifa World Cup 2022 are Serie A and Ligue 1. It also airs the local tournament, the Durand Cup. “It is the oldest football league in Asia. Our announcement contributes to widening the funnel of the football fan. The level of football and the level of sportsmanship have gone up tremendously. But there is a lot of scope for growth that we are working towards. There is a sizable interest in the Durand Cup that we are seeing.”

    One of the things that LaLiga India MD Jose Antonio Cachaza pointed out was that many matches in La Liga have Asia and India-friendly timings. That is not the case with some of the other football properties, like the Uefa Champions League, where matches sometimes start at 1:30 am. He added that LaLiga has seen a healthy increase in broadcast rights revenue globally. It earns around 900 million euros a year from global broadcast rights.

    “That is because we provide an asset that broadcasters can exploit all year around. International revenue has been steadily growing. In any country, our aim is to be the second most popular league, behind the local league. In India, that means being second after the ISL.” One of LaLiga’s aims globally is to have a better digital offering.

    The ElClasico, which pits FC Barcelona and Real Madrid in the most high-profile club match in world football, returns on the weekend of 15 October, while the Seville, Barcelona, and Basque derbies follow in November, December, and January, respectively.

    Games such as these, Cachaza explained, are a big factor in why LaLiga is the most followed domestic football league on social media, with over 160 million fans all over the world enjoying LaLiga content in 20 different languages across 17 different platforms. But LaLiga is also leading the way in digital outreach for international fans with Play LaLiga. This LaLiga claims the only self-produced TikTok show by a European league; the creation of the first-ever mini-app on Alipay for Chinese fans; and the launch in Indonesia and Thailand of LaLiga Pass, a self-developed OTT offering all LaLiga Santander and LaLiga SmartBank matches for fans on demand, among many other initiatives.

    The 2022/23 season kick-off also marks a crucial moment for LaLiga off the pitch. Clubs across LaLiga Santander and LaLiga SmartBank are looking to take a giant step forward in their development and growth thanks to Boost LaLiga, a large-scale two billion euro investment project made possible by LaLiga’s agreement with investment fund CVC in December 2021. Clubs are already working across the board on ambitious development plans in areas such as strategy and business, infrastructure, international, brand and product development, digitalisation, and tech innovation, among others.

    Meanwhile, LaLiga Tech, the LaLiga subsidiary which offers technological and innovative solutions, continues to expand its business in over 50 countries with companies from multiple industries, including broadcasters, federations, and leagues. LaLiga Tech aims to transform the sports and entertainment sector with the design and implementation of OTT services, applications, games, websites, fan engagement, the improvement and protection of content, and competition management. World Padel Tour, Millicom, Sky Mexico, and MotoGP rights holders Dorna are just a few of the organisations that have already adopted LaLiga Tech’s tech solutions to digitise their operations. 

    Cachaza also mentioned the fact that LaLiga and Galaxy Racer (GXR), the Dubai-based transmedia multinational, have signed a Letter of Intent paving the way for the formation of a 15-year JV. The aim is to transform the sports league’s brand presence in the Middle East and North Africa (MENA) region and the Indian subcontinent.

    GXR, founded in 2019 by Group CEO Paul Roy, is the largest esports, gaming, and lifestyle organisation in the world with a presence in the Mena region, North America, Southeast Asia, South Asia, and Europe. The JV positions GXR as LaLiga’s local partner in the MENA market and the Indian subcontinent, setting up a first in the world of sports rights in the territories which is projected to yield over three billion euros in revenue. Following the signing of the letter of intent, the parties entered an exclusive period to conclude contract details and the establishment of the JV. As agreed in the letter of intent, LaLiga and GXR will each hold a 50 per cent stake in the new JV. The JV will offer LaLiga new avenues and opportunities to increase brand presence across a key target region that is one of the youngest on the planet, with more than 1.3 billion people aged under 30. Furthermore, the joint venture will serve as the media rights agency for broadcast and media rights in Mena and the Indian subcontinent. 

    The deal provides LaLiga with a pathway to share its intellectual property (IP) through a local partner already offering considerable market reach—GXR has over 500 million followers worldwide—and a platform for growth that leverages expertise in six key verticals: licensing, content creation, esports, influencer and talent management, merchandising, and music.

  • ‘Our mission is to take the experience of IPL to cricket fans in every part of our country’: Nita Ambani

    ‘Our mission is to take the experience of IPL to cricket fans in every part of our country’: Nita Ambani

    Mumbai: Viacom18 plans to take India’s biggest sporting event the Indian Premier League (IPL) to every nook and corner of the country. It aims to make IPL available everywhere in India including the 60 million users that reside on free direct-to-home platform DD Free Dish.

    “Sports entertain us, inspire us and bring us together. Cricket and IPL personify the best of sport and the best of India, which is why we are proud to be deepening our association with this great game and this wonderful league. Just like with everything we do, our mission is to take the joyful experience of IPL to cricket fans wherever they are – in every part of our country and around the world,” said Reliance Industries director Nita Ambani.

    Viacom18 has acquired the rights to digitally stream Indian Premier League matches in the Indian sub-continent for the seasons from 2023 to 2027. It has also won the India digital rights for a special package of 18 games in every season. Globally, Viacom18 has won television as well as digital rights in three out of five international territories, including major cricketing nations.

     With its wide reach, strategic tie-ups and increasingly popular content bouquet, the digital platforms of Viacom18 are gearing up for leadership in India as well as with the Indian diaspora globally.

    In a statement, the company said it has state-of-the-art digital expertise to provide best possible user experience to hundreds of millions of Indians and global consumers.

    Its digital platforms will utilise a combination of top-class content as well as digital prowess through big data analytics and predictive algorithms to offer contextualised and relevant content to each consumer.

    This is the first major foray of the broadcaster into cricket. It holds the broadcast rights to FIFA World Cup Qatar, La Liga, Serie A and Ligue 1. It also offers badminton, tennis and basketball (NBA) via it’s channels. The addition of IPL makes Viacom18 a formidable sports broadcaster in the country.

    “This will be an exceptional opportunity for advertisers to reach a larger, younger,  relevant and highly-engaged audience. The targeting opportunities because of Viacom18’s strategic partnership with Jio will be unparalleled,” said the statement.

  • Rakesh Jha joins Viacom18 as VP- creative (sports business), Sports18

    Rakesh Jha joins Viacom18 as VP- creative (sports business), Sports18

    Mumbai: Rakesh Jha has joined Viacom18 as vice president-creative (sports business), Sports18. He announced his new role on LinkedIn.

    “I am excited to share the news that I am starting my new inning with Viacom18. I look forward to extending the design innovation that I have been able to do at Star Sports during my nine years of engagement. I want to take this opportunity to express my gratitude to thank everyone at Star Sports for the guidance and support they have provided throughout my journey at Star Sports,” he said.

    Jha is a creative director with over two decades of experience leading diverse creative teams with a track record of delivering quality design while managing multiple projects. His expertise is in brand building, broadcast design, virtual, hard-set design and in-depth technical knowledge with a strong understanding of industry trends and creative tools as well as software. 

    Before joining Viacom18, Jha was associated with Star Sports for nine years where he led the design team responsible for cutting-edge design and innovations for marquee events such as IPL, Cricket World Cup, Pro Kabaddi League, Badminton League, Hockey India League to name a few. He also worked at CNBC TV18 for almost a decade and led the graphics team. 

     

  • Sports18 secures broadcast rights to Diamond League until 2024

    Sports18 secures broadcast rights to Diamond League until 2024

    Mumbai: Sports18 on Thursday announced that it will broadcast the Wanda Diamond League live on the channel for the time period until 2024.

    The partnership will begin with the live coverage of Doha Diamond League meeting on 13 May. The series will also be available on Voot.

    The Diamond League is an annual series of elite track and field series sitting in the top tier of the World Athletics one-day meeting competitions. The 2022 Diamond League comprises 13 meetings, starting with the Doha event leading up to the two-day Diamond League Final in Zurich on 7 and 8 September.

    “The Diamond League series is not just a competition of the most elite athletes in the world but also a breeding ground for the future stars,” says Viacom18 Sports CEO Anil Jayaraj. “The addition of live athletics coverage reiterates our commitment to provide fans a comprehensive array of world-class sports events.”

    “We are absolutely delighted seeing our global premier track and field series accessible to the fans in India through Sports18,” says Diamond League AG CEO Petr Stastny. “Our competitions feature the world’s best female and male athletes throughout the entire season, including reigning Olympic champions and a host of Olympic and World medallists.”

    The Doha meet will see numerous Olympic champions plying their trade at the Qatar Sports Club, including Swedish pole vault star Mondo Duplantis, Canadian 200m champion Andre De Grasse, joint high jump champions Gianmarco Tamberi from Italy and homegrown hero Mutaz Barshim from Qatar.

    Sports18’s portfolio of sporting events includes the FIFA World Cup Qatar 2022, NBA, LaLiga, Serie A, Ligue 1, and top ATP and BWF events.

  • Exclusive: Regional space to play a major role in Viacom18’s sports plans

    Exclusive: Regional space to play a major role in Viacom18’s sports plans

    Mumbai: Media conglomerate Viacom18 has big plans to create a splash in the sports broadcasting space. The aim is to have nine to ten channels including regional channels. According to sources, the languages being considered include Tamil, Telugu, and Kannada. Channels have already been launched – Sports18 in HD and SD and Sports18 Khel a Hindi FTA offering that is available on DD Freedish. 

    A source tells IndianTelevision.com that for Viacom’s sports business both linear broadcast and the streaming platform (Voot) are equally important. The expectation is that in the coming five years digital will overtake linear broadcast in terms of sports content consumption. On the revenue front, advertising and subscription will both be important.

    “The focus so far for the company has been on a variety of sports including badminton, basketball (NBA rights for three years), ATP tennis and soccer. The marquee property acquired so far has been Fifa (Sony was the previous rights holder),” explains the source, adding, “The company has also bought other soccer rights like La Liga, Serie A and the French League. The plan for the sports business is to have an extensive presence across TV and digital. So Voot will also have a very important role to play. As and when properties come up including cricket-based upon the commercial considerations the company will decide whether or not to go for them.”

    For now, specialty channels like a Golf channel are not being considered as they are not commercially viable in the current market scenario. “For the next two to three years specialty channels are not on the horizon. Before the Fifa World Cup in November the company will launch all its regional channels. It is fair to say that it will have 9-10 regional channels. They will all be pay channels, apart from the current FTA offering. Across TV and digital the properties need to deliver,” the source tells. 

    MTV, the source adds, will stop airing sports in due course. “Right now they are airing sports as an adequate number of sports channels are not there.” The source further states that as of now non cricket is still very small. “The reality is that it is still very, very small compared to cricket. One cannot compare the two.” 

    On the distribution front, Sports18 is present on the major platforms apart from Dish TV. “That will also happen soon. The channels are present across most cable networks including the small ones.”

     In terms of media rights, the source informs that rights price for some properties like EPL de-grew substantially because the viewership has been falling for quite a while. The source expects acquisition prices of the Tennis Grand Slams to also fall as the viewership is just not coming. “The expectation earlier was that the audience would grow. That has not happened. A correction was inevitable.” 

    “The French Open takes place during the latter part of the IPL which is not the best timing. However, Fifa being a marquee property saw quite a few parties bid,” the source informs. In terms of the IPL ratings falling in the initial few weeks, the source says that one cannot go by one season to judge the value of the property. The source expects the Board Of Control For Cricket in India (BCCI) to get a substantial jump over last time. “It is still the biggest media property in the country.” 

    The source maintains that the BCCI has every right to sell it the way they want including the 18 non-exclusive games for the digital arena.

    “It is a unique sort of construct but I am sure that the BCCI would have decided what is best for them. I expect digital players like Amazon, Fancode to go after the non-exclusive 18 games digital package quite aggressively. It is very monetisable. “Those 18 games are all the premium games including the playoffs. There is a real good reason for people to go after that 18-game package. In the next five years, digital will be much bigger than television and so the overall digital rights package will also be targeted by the digital players.”

    The source adds that digital is playing a big role in catching up. When people travel they watch sports on their mobile. So time is not being compromised. To some extent, cord-cutting is also helping the growth of digital. Post-IPL the International Cricket Council (ICC) and the BCCI rights will come up. But the expectation is that whoever gets the IPL will probably not aggressively go after ICC. “It is very unlikely that one bidder will get all these three properties because the cost is very high. It will not be like the past. Resources are limited.” 

    It is worth noting that Disney Star is the incumbent for all the three marquee cricket properties mentioned above. The source adds that e-auction is the best way for the BCCI to go about the IPL bidding as it is the most transparent process.

  • Viacom18 aims for long-term growth with Rs 15,000 crore investment

    Viacom18 aims for long-term growth with Rs 15,000 crore investment

    Mumbai: Network18 Media and Investments Ltd announced on Tuesday the results for the financial year (FY) 2021-2022 and for the fourth quarter ending on 31 March.

    The company reported consolidated operating revenue of Rs 5,880 crore a 25 per cent increase year-on-year (YoY). Its profit after tax (PAT) stood at Rs 838 crore up by 53 per cent YoY despite the impact of Rs ~140 crore higher tax provision. It reported its highest ever operating earnings before interest, tax, depreciation and amortization (EBITDA) at Rs 1,080 crore up by 36 per cent YoY driven by robust financial performance in all three verticals – TV news, entertainment, and digital news.

    For the fourth quarter, the company reported earnings of Rs 1,621 crore up by 15 per cent YoY. However, consolidated operating EBITDA stood at Rs 266 crore, a five percent decline YoY.

    Partnership with Bodhi Tree

    On 27 April, Viacom18 announced a strategic partnership with Reliance and Bodhi Tree Systems, a platform of James Murdoch’s Lupa Systems and Uday Shankar. As part of the deal, Rs 15,145 crore will be infused by Bodhi Tree Systems and Reliance combined. Bodhi Tree will invest Rs 13,500 crore whereas Reliance Projects and Property Management Services Limited (RPPMSL), a wholly owned subsidiary of Reliance, will infuse Rs 1,645 crore. In addition, the JioCinema OTT app, currently owned by RPPMSL, will be transferred to Viacom18.

    The media conglomerate also announced that Paramount Global will continue to supply its premium global content and launch Paramount+ in India in partnership with its subsidiary Viacom18. “Paramount Global, formerly ViacomCBS, reaffirmed its commitment to the partnership as a strategic partner in Viacom18,” said the company statement. “This partnership between Reliance, Paramount Global and Bodhi Tree Systems, will enable Viacom18 to transform into one of the largest TV and digital streaming companies in India,” the company said.

    The infusion of Rs ~15,000 crore in Viacom18 will enable the company to make an investment in high growth businesses namely digital, sports and regional entertainment and set it on a long-term growth path, said the statement.

    “The media and entertainment industry in India has a long runway for growth and has attracted the interests of global players as well as spurred mergers and acquisition activity from Indian peers,” said the statement. “Digital business models are still evolving for all players as the Indian digital ecosystem continues to mature every year, however, still some time away from being a positive contributor to the bottom line. To be a meaningful player in this landscape, where consumers are spoilt for choice, one has to invest in content, distribution and technology.”

    Viacom18 will use the cash infusion to scale up its content offering for both digital and TV and strengthen its competitive position across markets. The strategic arrangement to access Jio’s 400 million strong mobility and fiber consumer base will enable Viacom18’s digital platform to access the consumers of Jio and catapult its reach. It will enable the utilisation of a large smartphone and JioPhone user base for advertising and driving subscription revenue for premium content. JioCinema will also bring its critical partnerships with marquee content producers for content and OEMs (original equipment manufacturers) for distribution.

    The transaction is expected to close within six months and is subject to customary closing conditions and approvals.

    Sports business

    Viacom18 forayed into the sports genre and launched three sports channels including one free-to-air channel last month. During the year, the company acquired the television and digital rights to sports properties like NBA and FIFA World Cup, two of the most watched sports properties in the world, as well as major footballing leagues La Liga (Spain), Serie A (Italy) and Ligue 1 (France), Cinch Premiership (Scotland), and other sporting events like ATP Masters Tennis, WTA, top BWF World Tour events like All England Open Badminton Championship, World Boxing Championship, Abu Dhabi T10 Cricket, and Road Safety World Cricket Series, among others.

    “Viacom18 believes that sports, especially live sports, will help strengthen the value proposition of the network to consumers and will complement the current entertainment offering,” said the statement. “The network will continue to add more events and properties to its catalogue and will strive to be India’s most-coveted sports network by providing fans easy access to a comprehensive bouquet of international and premium sports content.”

    The company’s TV network maintained an all India viewership share of 10.7 per cent. The share of entertainment networks in the non-news genre was 11.2 per cent with Colors being the top second primetime channel in the Hindi general entertainment genre. The channel launched ten fiction and five impact shows to strengthen its viewership share in the genre. Colors Kannada and Colors Marathi were amongst the top three channels in their respective markets with kids and English portfolios were leaders in their genres.

    As per Broadcast Audience Research Council (Barc) ratings which resumed on 17 March, TV18 news portfolio was #22 in terms of reach and #32 in terms of viewership share. The network maintained leadership in English business news (CNBC TV18) and had strong positions in English and several regional markets.

    “FY22 was a remarkable year, not only from the perspective of numbers, but in terms of building a strong foundation on which the business can continue to grow for the foreseeable future,” said Network18 chairman Adil Zainulbhai. “The financial performance has vindicated our decision to invest in new businesses a few years ago which have started showing encouraging positive results. In a similar vein, we have set ourselves an ambitious target to become a leading player in the digital space while strengthening our core TV offering. We will continue to solidify our ‘Digital First, TV Always’ proposition, leveraging our existing strengths to grow in segments where we are present and breaking ground in new markets with new and innovative offerings. The strategic partnership we have struck for Viacom18 is a big step in this direction which will help set the Company on a long-term growth trajectory and create one of India’s leading content company.”

  • Navin Shenoy to head sports marketing at Viacom18

    Navin Shenoy to head sports marketing at Viacom18

    Mumbai: Viacom18 has named Navin Shenoy as SVP marketing – sports ahead of the launch of its sports channel Sports18 SD and HD on 15 April. He has been associated with Viacom18 since September 2017. 

    Viacom18 to launch two sports channels starting 15 April

    Shenoy has two decades of experience across FMCG, telecom, media and advertising industries. He was previously the head of marketing for Viacom18 youth, music and English cluster including the brands MTV, MTV Beats, VH1, Comedy Central, and Colors Infinity.

    Prior to joining Viacom18, Shenoy has had stints at Airtel, Unilever, Tata Docomo, and MullenLowe Lintas Group.