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Tag: Ten Sports

  • Taj TV CEO Arun Kapoor quits; Rajesh Sethi to replace

    Taj TV CEO Arun Kapoor quits; Rajesh Sethi to replace

    MUMBAI: Zee Entertainment Enterprises Ltd’s (Zeel) Taj TV has seen a senior level exit. Taj TV distribution business CEO Arun Kapoor has put in his papers.

     

    Ten Sports global CEO Rajesh Sethi will replace Kapoor, who has moved on to pursue alternate career interests.

     

    Sethi will be overlooking the sports and distribution business of Taj TV from 1 May, 2015. He will continue to report to Zeel MD & CEO Punit Goenka.

     

    Meanwhile, Kapoor will continue to be a part of the group and will help in streamlining and handholding Sethi in the transition over the next couple of months.

     

    Goenka said, “Arun was instrumental in setting up the team at Taj TV. He was also a part of the leadership team of the initial JV, which established the distribution business and harnessed available opportunities for the organization. We wish to thank Arun for the years of engagement with us and for contributing to the success of the organization; we wish him the best.”

     

    Speaking on Sethi’s appointment, Goenka added, “In the last 18 months, Rajesh has been a catalyst in turning around Ten Sports with a strong focus on processes, people and delivering a strong sustainable financial performance. I am confident that Rajesh’s rich experience and knowledge across multiple domains will help us to take Taj TV to the next phase of growth. We wish Rajesh and the entire distribution team the very best for continued success.”

     

    Kapoor said, “It was one of my most satisfying stints at Zee. Under the leadership and guidance of chairman and Punit, we have managed to establish Taj TV as one of the leading players today. I thank them for the opportunity and wish Rajesh and his team all the success.”

     

    Sethi added, “Media distribution is one of the fastest growing domains, with evolving regulatory mechanism, which offers both opportunities and challenges.  This challenges the traditional way of doing businesses and offers immense future opportunities. In a short span of its launch, Taj TV distribution has grown in revenues multi fold and successfully established itself as a dominant player in the distribution market. With the new team, I am sure, we will be able to tap this opportunity and contribute to further progress of the company.”

  • Pakistan Cricket Board renews deal with Ten Sports for next five years

    Pakistan Cricket Board renews deal with Ten Sports for next five years

    MUMBAI: The Board of Governors from the Pakistan Cricket Board (PCB) have approved awarding broadcasting rights to Ten Sports and Pakistan Television, the joint-bidders for PCB’s next rights cycle for five years.

     

    Ten Sports had previously bagged five-year cricket rights from PCB in 2008 reportedly for $140.5 million dollars. The current cycle of rights begins from April 2015 to early 2020. Ten Sports has been the rights holder for PCB for the last 10 years.

     

    The package will also include India versus Pakistan matches, besides some other strong matches. According to information available with Indiantelevision.com, among those bidding for the rights for this cycle were Sony and OSN Sports, apart from a few brokering companies. 

     

    As part of the arrangement, India and Pakistan matches are scheduled for the latter half of this year around November-December 2015, subject to government approvals from both sides.

     

    When contacted, Ten Sports CEO Rajesh Sethi said, “Ten Sports is a market leader in the sports segment in Pakistan. When it comes to cricket, we have a great partnership with PTV as they are our valued partners. Besides cricket, Moto GP and WWE too are very strong properties that are performing well in Pakistan.”

  • Sports broadcasters expect reforms from budget 2015

    Sports broadcasters expect reforms from budget 2015

    MUMBAI: Private sector is one of the largest contributor to Indian economy the first step towards economic reform would be making an investor friendly scenario. With a vast market like India if private sector is refraining from investing then there are certain issues at the bureaucratic level, which are hampering the economic growth. In such a scenario the biggest challenge is to garner trust, not by compromising with national security independence but by policies. Policies that rejuvenate investors to invest exp. Be it in Madison Square or Sydney Allphones Arena, the entire Indian diaspora was promised a better business friendly India by Prime Minister Narendra Modi, which laid foundation to skyscrapers of aspirations.

     

    Now emphasising on the current business workflow in India, a company has to abide by both central state laws, which turns out as an obstacle. Moreover government often intervenes in the financial strategic affairs of a private company. Sports broadcasting industry is one of the sufferer of such obligations. Broadcasters purchase content from  firms by paying the amount demed, but while producing the content they are forced to follow certain regulations, which indirectly decides how much should be charged for the content.

     

    Opposing such intervention Ten Sports CEO Rajesh Sethi told Indiantelevision.com, “In India, private sector is a huge contributor to the economy with digitization process in its final stages sports media can play a key role in economic growth provided we are backed with business friendly policies. The matory sharing of sports feed is something that directly hits us, though it’s not an issue related to the budget, I would certainly like the government to look into such issues. Moreover, we purchase content from somewhere by paying certain amount regulations restricts us when it comes to selling it. So the next level of de-regularisation or de-tarrifisation is something that I expect from this budget. I have high expectations from Arun Jaitley as he is someone who has immense knowledge of finance economics understs the problems that we are facing. He has delivered so far I hope he does in this budget too.”

     

    That somehow sums up the private sports broadcasting industry’s aspirations from budget Jaitley.

     

    The perspective of government broadcasting sector came from Doordarshan (DD) deputy director general C K Jain. Hailing the concept of Make in India he insisted that the government should reduce dependence on Chinese products. “I expect the government to remove service taxes from advertisements as we also have the same functions responsibilities. Also I would request the government to treat us as a government entity exempt us from various taxes liabilities. From sports perspective, service tax on advertisements is certainly a botheration should be dealt with.”

     

    Sharing his personal expectation Jain added, “Make In India has the potential to play a key role in economic growth provided government pays special attention to it. The local manufacturers need to be backed financially with loans tax rebates. The poor of the country needs to be benefited from the budget, as the goal is to uplift the poor to middle class, which will reduce the dependence in subsidies. If subsidies are reduced government will have more money which they can spend other important sectors.”     

     

    The Finance Minster has been criticised as pro private sector in recent past after he decided not to intervene in a legal battle between DD Star regarding World Cup. The Sports Act of Prasar Bharati forces private channels to share feed of any event of international importance with pubcaster DD, which enables them to showcase it live. Now the act was brought to ensure that one who cannot afford private channels gets access to events of such magnitude. Which is a fair call considering every citizen in the country has a right to information should not miss the World Cup or Olympics as they cannot afford private channels. The problem is with sharing the feed with cable subscribers. BCCI, Nimbus Communications the two sports channels (ESPN Star) went to court with a plea that no cable television network could broadcast such sports events without a licence from the content owners. 

     

    In an affidavit, Star Sports had said that it was losing around Rs 290 crore every year by sharing its sports signals with Doordarshan was expecting to lose around Rs 120 crore by sharing the telecast of the World Cup this year. Under the Act, the rights holder gets 75 per cent of the revenue from the telecast on DD. The remaining 25 per cent is retained by DD.

     

    While Jaitley plans to increase GDP reduce fiscal deficit through his financial proposal policies the entire nation’s eyes ears are glued to his words even as you read this report today (28 February, 2015) with immense expectations aspirations. It remains to be seen if Jaitley company makes it or breaks it.

  • Sports broadcasters expect reforms from budget 2015

    Sports broadcasters expect reforms from budget 2015

    MUMBAI: Private sector is one of the largest contributor to Indian economy and the first step towards economic reform would be making an investor friendly scenario. With a vast market like India if private sector is refraining from investing then there are certain issues at the bureaucratic level, which are hampering the economic growth. In such a scenario the biggest challenge is to garner trust, not by compromising with national security and independence but by policies. Policies that rejuvenate investors to invest and expand. Be it in Madison Square or Sydney Allphones Arena, the entire Indian diaspora was promised a better business friendly India by Prime Minister Narendra Modi, which laid foundation to skyscrapers of aspirations.

     

    Now emphasising on the current business workflow in India, a company has to abide by both central and state laws, which turns out as an obstacle. Moreover government often intervenes in the financial and strategic affairs of a private company. Sports broadcasting industry is one of the sufferer of such obligations. Broadcasters purchase content from  firms by paying the amount demanded, but while producing the content they are forced to follow certain regulations, which indirectly decides how much should be charged for the content.

     

    Opposing such intervention Ten Sports CEO Rajesh Sethi told Indiantelevision.com, “In India, private sector is a huge contributor to the economy and with digitization process in its final stages sports media can play a key role in economic growth provided we are backed with business friendly policies. The mandatory sharing of sports feed is something that directly hits us, though it’s not an issue related to the budget, I would certainly like the government to look into such issues. Moreover, we purchase content from somewhere by paying certain amount and regulations restricts us when it comes to selling it. So the next level of de-regularisation or de-tarrifisation is something that I expect from this budget. I have high expectations from Arun Jaitley as he is someone who has immense knowledge of finance and economics and understands the problems that we are facing. He has delivered so far and I hope he does in this budget too.”

     

    That somehow sums up the private sports broadcasting industry’s aspirations from budget and Jaitley.

     

    The perspective of government broadcasting sector came from Doordarshan (DD) deputy director general C K Jain. Hailing the concept of Make in India he insisted that the government should reduce dependence on Chinese products. “I expect the government to remove service taxes from advertisements as we also have the same functions and responsibilities. Also I would request the government to treat us as a government entity and exempt us from various taxes and liabilities. From sports perspective, service tax on advertisements is certainly a botheration and should be dealt with.”

     

    Sharing his personal expectation Jain added, “Make In India has the potential to play a key role in economic growth provided government pays special attention to it. The local manufacturers need to be backed financially with loans and tax rebates. The poor of the country needs to be benefited from the budget, as the goal is to uplift the poor to middle class, which will reduce the dependence in subsidies. If subsidies are reduced government will have more money which they can spend other important sectors.”     

     

    The Finance Minster has been criticised as pro private sector in recent past after he decided not to intervene in a legal battle between DD and Star regarding World Cup. The Sports Act of Prasar Bharati forces private channels to share feed of any event of international importance with pubcaster DD, which enables them to showcase it live. Now the act was brought to ensure that one who cannot afford private channels gets access to events of such magnitude. Which is a fair call considering every citizen in the country has a right to information and should not miss the World Cup or Olympics as they cannot afford private channels. The problem is with sharing the feed with cable subscribers. BCCI, Nimbus Communications and the two sports channels (ESPN and Star) went to court with a plea that no cable television network could broadcast such sports events without a licence from the content owners. 

     

    In an affidavit, Star Sports had said that it was losing around Rs 290 crore every year by sharing its sports signals with Doordarshan and was expecting to lose around Rs 120 crore by sharing the telecast of the World Cup this year. Under the Act, the rights holder gets 75 per cent of the revenue from the telecast on DD. The remaining 25 per cent is retained by DD.

     

    While Jaitley plans to increase GDP and reduce fiscal deficit through his financial proposal and policies the entire nation’s eyes and ears are glued to his words even as you read this report today (28 February, 2015) with immense expectations and aspirations. It remains to be seen if Jaitley and company makes it or breaks it.

  • Ten Sports acquires exclusive rights to MotoGP for five seasons

    Ten Sports acquires exclusive rights to MotoGP for five seasons

    MUMBAI: Ten Sports Network has secured exclusive rights for MotoGP the premier world championship for motorcycle road racing. As was first reported by Indiantelevision.com, this is for the first time that MotoGP will be broadcast exclusively by a broadcaster in the Indian sub-continent.

     

    This new deal between Taj TV and MotoGP rights holders Dorna Sports will run for a period of five seasons starting 2015. As a part of this deal, Ten Sports will broadcast all MotoGP, Moto2 and Moto3 races and qualifying practices live on its network of six channels. Ten Sports will also be offering multi-screen feeds on its digital platforms and will develop a dedicated section on www.tensports.com.

     

    Ten Sports CEO Rajesh Sethi said, “We are very excited to embark on this new journey with Dorna. We are committed to building this property in India over the next five years and viewers will witness unprecedented programming initiatives on our network. We have also been rights holders for this premium property since 2006 and we are delighted to continue and take this partnership to the next level.”

     

    Dorna Sports managing director Manel Arroyo added, “We are thrilled about our exclusive partnership with Taj TV and looking forward to developing a close relationship with them. India is a key market in the coming years and the World Championship will benefit greatly from the extensive promotion that Taj has committed to provide.”

     

    The 2015 MotoGP season begins in Qatar on 27 March with the first of 18 races in the 2015 calendar. The 2015 rider line up is stronger and more competitive than ever with defending champion Marc Marquez looking to retain his title over rivals Valentino Rossi, Jorge Lorenzo and Dani Pedrosa amongst others.

     

    Ten Sports will run contests to send fans to witness live action from the best races. Promotional events are being planned in the territory as well. From a programming standpoint, there will be new shows around races with Ten Sports also looking to add a local flavour by creating Indian-focused programming for a few events.

  • Ten Sports to bring MotoGP to India; introduce new racing league

    Ten Sports to bring MotoGP to India; introduce new racing league

    MUMBAI: The avenue for non-cricket sports properties like kabaddi, tennis, wrestling, and football, which saw a great start last year is set to grow bigger. The newest entrant is the niche sport Moto Grand Prix popularly known as Moto GP.  

     

    According to sources, Ten Sports has inked a five year deal with the sports property. Previously, Moto GP was a non exclusive property shared by three sports networks; Star India, Neo Sports and Ten Sports. But with the new deal coming in place and the two partners reaching a fine print, Ten Sports has gained an exclusive deal with Moto GP beginning from 1 February 2015.

     

    If multiple sources are to be believed, there will also be a set of new programming and races wrapped around it including studio produced shows to propel the sport’s popularity in India. What’s more, the network is also looking to foray into introducing a new racing league in the country.

     

    When contacted, Ten Sports officials denied the development. 

     

    On the other hand, the network is in a celebratory mood with the success of another property-World Wrestling Entertainment (WWE). “The response has been fantastic as we have reached out to a mass audience via Facebook, Twitter Google Hangouts etc. When India was playing against Australia in Oz and we declaring we were going live with RAW, we were trending much above India playing with Australia on Twitter,” says Ten Sports CEO Rajesh Sethi. Ten Sports had decided to go live with flagship properties like RAW and specials like Royal Rumble during the early morning slot at 6:30 am. 

     

    “We thought we were not going to do well but received more than 900 emails with regards to it. I am happy the way our ad revenues are shaping too,” adds Sethi.

     

    The network is also looking at the prospect of airing WWE in regional languages. Besides, with the upcoming ICC Cricket World Cup 2015 and the network having the rights of Pakistan cricket, it is busy promoting the mega event in the neighbouring country and will be announcing its plans soon.

  • Ten Sports to have WWE Hindi feed starting January 2015

    Ten Sports to have WWE Hindi feed starting January 2015

    MUMBAI: World Wrestling Entertainment popularly known as WWE is set to further grow as a sports property and find a new flavour in India.  Taking a leap, the network Ten Sports has decided to provide language commentary in Hindi for the repeat telecast of RAW. A special customised show is also being introduced which will be in Hinglish produced out of a studio. Another programme, the Main Event will be introduced for the first time in India, which will be a combined package of RAW and Smackdown.

    According to sources, established flagship properties like RAW and specials will have a live simulcast on Ten Sports as from USA, beginning January 2015.  The timings for these programmes will be between 5:30 am to 6 am.  Not to be deterred by ratings, the network will telecast repeats of the show.

    The development comes in the wake of Taj TV and World Wrestling Entertainment (WWE) signing a new agreement in September 2014, as per which starting January 2015, WWE will be available exclusively on the Ten Sports Network, for a further five years till 2019.

    WWE has been broadcast on Ten Sports since the launch of the channel in 2002. WWE together with Ten Sports will be investing little over $100 million in the Indian market as part of the new agreement.

    Ten Sports which is looking at a major revamp early next year, also has acquired the Indian sub-continent broadcast rights for the 2018 Common Wealth Games to be held in Gold Coast Australia. The network has a bouquet of premium football properties from across the globe including UEFA Champions League, UEFA Europa League among others.

     

  • I -League set to return on 17 January 2015

    I -League set to return on 17 January 2015

    MUMBAI: The launch of Indian Super League (ISL), made many doubt if the country’s original football league would be able to sustain or not. However, putting fears to rest about the future sustainability of the I–League, it is all set to take off from 17 January 2015 in Bengaluru and will be telecast on Ten Sports.

     

    The official broadcaster, which will air 75 out of the total 110 matches live on the channel, is optimistic about it.  Ten Sports CEO Rajesh Sethi says, “We have had a long-standing partnership with the All India Football Federation (AIFF) and the I-League. We have seen this property grow leaps and bounds on our network in terms of audience interest and viewership numbers.”  

     

    He goes on to say that the network values the primary national league on its platform and is looking forward to an exciting new season of the tournament from January 2015 as well as the Federation Cup, which will commence from December 2014.

     

    While some sports experts feel that the ongoing Hero Indian Super League (ISL) would cause sustainability problems for the league, the announcement comes as a welcome move.  Sports columnist Hemant Kenkre says, “The I-League was introduced in India as a professional football league. While India may have a low ranking in terms of world football standings, foreign leagues like the EPL are popular in the country. The I-League together with the Indian Super League can co-exist together, as a large number of football leagues will provide not just an opportunity for youngsters to play but also give international exposure for the game.”

     

    The decision on the dates for the league, were taken at the recent I-League and Federation Cup committee meeting. It was also decided that the inaugural edition of the AIFF U-15 tournament for I-league clubs will be held in the next calendar year and will consist of 16 teams wherein besides the 10 league clubs, four other academies and two AIFF academies will be a part of the final round.

     

    “With the new clubs in the league giving more importance to infrastructure and grassroots development programmes, and with AIFF’s initiatives for new tournaments in the junior categories, it is definitely going to impact the quality of youngsters in the game in India and I am confident that these initiatives will bear fruit in the Indian teams performances and results in the U-17 World Cup,” adds Sethi.

     

    While coming up with the fixture of the championship, the schedule of school examinations will be kept in mind, and only post discussions with sponsors like Coca Cola and AIFF marketing partners IMG-Reliance, will intimate the clubs. It has also been decided that the registration of players would be done centrally through the state associations and all ID cards would be issued by AIFF. No club would be allowed to register a player after the completion of the 11th round of I-League.

     

    As per the release of players for the AFC U-22 Qualifiers, slated to be held from 23 to 31 March 2015, the clubs have agreed to get back to the governing body over the same. Meanwhile, the second division league would take place in two venues which are to be finalised post inspection by AIFF. The eight participating Clubs are Aizawl FC, Chanmari FC, United Sports Club, Mohammedan Sporting, PIFA Sports, Kenkre Sports, Hindustan FC and Lonestar Kashmir FC. The U-19 I-League will kick-off in the second week of December.

     

    The last season of the championship was won by the newcomer Bangalore FC, which was led by India’s national football team captain, Sunil Chhetri.  When asked for his expectations for the upcoming league he says, “Expectations remain same in the I-League; we want to defend our title. We want to make it as difficult as possible for the competition. We also have an AFC competition and the Federation Cup so we have our work cut out.”

     

    “The players obviously want to put up performances that the audiences can enjoy,” he concludes.

  • World TV Day: Industry barons go down the memory lane

    World TV Day: Industry barons go down the memory lane

    It was on 15 September 1959 when India officially experimented her tryst with the box that has been loved, loathed and equally criticized over the years.  But today, in its current avatar, the television set has seen a paramount shift, right from colour television being introduced in 1982 as India geared up for the Asian games to today’s 4K technology.

    Production values of various shows as well as the viewership experience have changed phenomenally.  As the world today celebrates World Television Day which was declared by the U.N in December 1996, indiantelevision.com speaks to some of India’s most notable names from the TV industry recalling some of their fondest memories of viewing television programmes.

     

    Prasar Bharati CEO Jawhar Sircar

    Television needs to look beyond its traditional ecosystem to embrace the opportunities offered by digital technology. The medium will die if it continues to grow in a linear fashion. TV began over electro-magnetic waves in 1959 and has grown through satellite to cover the entire country.

    While terrestrial TV has its own relevance, it will be quickly overtaken by new technologies including satellite and digital addressable systems.

     

     

    India Today Group consulting editor Rajdeep Sardesai

    For me my fondest memory was the coverage of the live elections in the years of 1995-1996. At that time, everyone would watch the national broadcaster Doordarshan as there were no private news channels. Covering the elections as a reporter along with journalist like Vinod Dua and Dr Pranoy Roy is a big part of those memories for me.

     

    NDTV executive vice chairperson KVL Narayan Rao

    Television today is more contemporary. Society has changed a little and what you have on air is reflective of that. The world has become a smaller place. There is more access now as compared to 25 years ago when the only window to international news was The Week That Was, produced by NDTV as one of the earliest private players. I remember serials like Buniyad, Humlog, Mahabharat and Ramayan. Some of the old ones were core of the heart serials and dealt with issues that were the reality of so many people of the country at that time such as post partition. The serials now have different production values.

     

    Sony Six business head Prasana Krishnan  

    Sports on television is growing rapidly and the Indian sports fan today has more access to viewing multiple properties than any other fan in the world and that too at an affordable cost. My fondest memory has to be this year’s FIFA World Cup Brazil as not only was it personally satisfying for me as a football fan but  a matter of pride to be carried on the channel. Every minute of the game on TV was engaging.

     

    Ten Sports CEO Rajesh Sethi

    Viewing television programmes is an enriching experience and is all about entertainment, entertainment and entertainment! Watching television especially sports is a great stress buster and allows me to relax. In fact watching sports on TV for me is all about celebration.

     

    Gasoline, founder and chief creative officer Anil Kakar

    From just two Doordarshan channels to over 800 channels today, television has come a long way. The good thing is, content continues to get more defined to suit niche audiences.  With the recent changes announced by the Star Network, viewers now have the choice of subscribing to specific channels on an a la carte basis. It will be interesting to see how this will go on to alter viewing patterns. In the long run, this might even lead to a shift of focus, largely from GECs to more diversified, niche content, as television gets more fragmented. Ultimately, as audiences, we will have even greater choice than we have today. Even with so many channels today, I would say the finest moments in television belong to the 90s. MTV and Channel V brought in a cultural change and attitudinal shift of sorts. Programmes such as Different Strokes, The Wonder Years, Mind Your Language and Star Trek were had to miss and are still hard to forget.

  • Upcoming leagues have helped unleash potential for Sports Business: FICCI report

    Upcoming leagues have helped unleash potential for Sports Business: FICCI report

    MUMBAI: While a number of sports leagues have been launched in India recently, the sports industry is still in its infancy stage which can be exploited not only by commercially viable large leagues but also other businesses of sports like events, academies, elite and other coaching institutes, niche sports science backup services and so on according to FICCI’s recent report on the sports business titled – Business of Sports Aiming Higher Reaching Further. The main purpose according to the body for coming up with report was to look briefly at the sports industry and make some predictions in the upcoming decade.

     

    According to FICCI president Sidharth Birla, the business of sports worldwide has not just been restricted to the playing of sports but it now encompasses a variety of firms covering a wide spectrum of domains. 

     

    “Although it is still in a nascent stage in India, its potential has truly been unleashed by the growing number of innovate start-ups in this field. The need of the hour is to increase individual’s interest and rope in private investments in the sports industry, which is almost immaterial” he added.

     

    The paper was released by Sports secretary Ajit M Sharan of the Youth Affairs and Sports Ministry who opined that the private sector would have to  participate and partner with the government and the apex chamber to promote sports in the country.

     

     

    The report says that the Indian Sports Industry runs parallel with the growth of the country’s economy and 4.3 million people would be required in the Indian Sports Industry as workforce by 2025.

     

    FICCI Sports committee chairman and Tata Metaliks MD Sanjeev Paul, speaking about the report, said, “FICCI has taken up the responsibilities to bridge the knowledge gap to aid the Sports Business development in India and to share the real time and up to date information about ongoing initiatives in sports.”

     

    While elaborating on the ongoing Hero Indian Super League (ISL), the paper says the league will provide Indian football fans the opportunity to witness some of the world’s best on home soil, inject much needed energy into the domestic game, improve football infrastructure and raise the commercial value of the sport in the country. 

     

    For the ISL, each franchise has been bought for a period of ten years at a cost ranging from Rs 130 crore to Rs 160 crore. Although financials are confidential, the central pool of the ISL is expected to be in the $ 10million to $ 15 million per year range. To further boost and increase revenue franchises have the right to independently procure team sponsors, and the rights to merchandising.

     

    The report also mentions about the investment by four different broadcasters in India for various different sports properties. It says that MSM’s Sony Six has currently invested $ 3.2 billion in broadcast rights for properties such as The Pepsi IPL, UEFA EURO 2016, qualifiers

    for EURO-2016, European qualifier for 2018 FIFA World Cup, 2018 FIFA World Cup, TNA, Australian Open Tennis Championships, The NBA and The Ultimate Fighting Championships (UFC).

     

    Star Sports India has currently invested $ 242 million for ICC Events, International Premier Tennis League, FIH Event, Summer Olympic Games, Formula one, FIFA Confederation Cup, FIFA World Cup Qualifiers (AFC), AFC Champion Leagues, La Liga, Premier League, Seria A, FA Cup, ISL, Wimbledon etc.

     

    Taj Television’s Ten Sports will invest a little over $ 100 million (Rs 600 crore) in the Indian sporting-related entertainment market, according to sources. Some of its properties include US Open, The Commonwealth Games, Moto GP, UEFA Champions League, UEFA Super Cup, Federation Cup, German Cup, Major League Soccer and Golf, Chennai Open among others.

     

    Nimbus Communications’ Neo Prime and Neo Sports has invested $ 2 million for International Cricket in Bangladesh, Sultan Azlan Shah Cup, Copa America, Rugby World Cup, Bundesliga, UEFA Women’s Championship and Davis Cup.

     

    Highlighting the role played by the government, it says that the Government of India will be opening 70 sports academies in coming ten years in 18 sports disciplines. It is estimated that the Government of India will spend Rs 90 crore per academy. The allocation for the sports and youth affairs ministry for 2014-2015 saw a rise of Rs 561.24 crore, a 46.5 per cent hike from the last fiscal with the government.

     

    In its concluding remarks the report notes that the future seems bright for Indian Sports as it is set to become one of the largest economies of the world by the year 2025 as per projections made by internationally consultants and IMF. Many investors and corporate companies around the world have stepped up in order to take advantage of the growth opportunities offered by Indian markets and many others are keeping a close eye on the subcontinent for investments in coming years.