• Loading stock data...
Tuesday, April 16, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

Zee-Sony $10B Merger Approved, Spotlight on Cricket Broadcasting

  • Large-scale transaction set to have significant ramifications on cricket broadcasting
  • Combined entity expects to be formidable bidder for BCCI rights
cricket
Andy Marlin-USA TODAY Sports

A $10 billion merger between Zee Entertainment and Sony’s TV operations in India has been given regulatory approval, helping pave the way for a sports, media, and entertainment giant that will focus particularly on upending broadcasting of cricket — by far the country’s most popular sport.

India’s National Company Law Tribunal has cleared the deal, representing a major step forward following nearly two years of various regulatory and legal hurdles, and objections from some investors. 

The pact will involve a massive asset pool including 75 linear TV channels, a pair of streaming services, a digital content studio, and a deep film and TV series library.

The Zee-Sony merger is also a further threat to Disney’s Star India television and streaming business, as the new entity intends to be a formidable bidder for media rights to the BCCI, one of India’s major cricket properties, coming to auction at the end of the month. 

Already, the devastating loss of Indian Premier League cricket streaming rights last year has led Disney to look for “strategic options” for that business. 

Global Growth

Though focused on domestic operations in India, the Zee-Sony deal also arrives amid rapid growth for cricket in the U.S. and elsewhere around the world. 

The 2023 IPL Final in May set a global streaming audience record for a live-streamed event, while investor interest in the IPL similarly grows, and cricket is looking for inclusion in the 2028 Olympics. 

America’s Major League Cricket began play last month utilizing a six-team, single-entity model backed by a group of investors including Microsoft executive chairman and CEO Satya Nadella.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Star-Studded NBA Play-In a Potential Ratings Boon for ESPN and TNT

The initial portion of the NBA postseason features three former MVPs.

NBA’s Two Tourneys Drive Record Attendance

Total attendance for the 2023–24 season, which ended Sunday, was 22,538,518.

Salt Lake City About to Land NHL’s Coyotes (Minus Their Name)

Salt Lake City’s NHL franchise will have a new name.

NFL’s Expanded Helmet Options Come With a Perk: More Merch

Teams can now add a third helmet design to their overall look.
podcast thumbnail mobile
Front Office Sports Today

Inside the Most-Hyped WNBA Draft in History

0:00
0:00

Featured Today

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.
Mar 31, 2024; Portland, OR, USA; NCAA officials measure the three point line while coaches from the Texas Longhorns and NC State Wolfpack watch with referees in the finals of the Portland Regional of the NCAA Tournament at the Moda Center center.
April 1, 2024

NCAA Has No One to Blame for Latest Women’s March Madness Transgressions

NCAA is still making avoidable mistakes three years after a complete overhaul.
Nov 16, 2015; Bloomington, IN, USA; General view of the championship banners at Assembly Hall prior to the game between Austin Peay and Indiana.
March 31, 2024

How to Make It in Basketball: Become a Manager at Indiana

Inside the Hoosiers’ unglamorous, profoundly rewarding incubator for basketball’s biggest names.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Nike
Multiple - USA Careers
NBA
Multiple - USA Careers
Dunham's Sports
Multiple - USA Careers

Ukraine’s Improbable Soccer Run Continues With Euros Qualification

The country reaches its first major soccer tournament since Russia’s invasion began.
March 4, 2024

FIA President Under Investigation for Alleged F1 Race Tinkering 

Mohammed Ben Sulayem is being scrutinized for his role in overturning a crucial penalty at F1’s 2023 Saudi Arabian Grand Prix. 
March 6, 2024

Super Bowl LVIII Scores Big With International Viewers

The NFL gets a 10% global boost compared to last year.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
February 29, 2024

Paris Games Gain Momentum With $2B Completion of Olympic Village

The $2.2 billion housing project finished on time and was essentially on budget.
Everton goalkeeper Jordan Pickford passes during the first half against the Everton.
February 26, 2024

Everton Financial Punishment Trimmed After Appeal Is Partially Successful

Everton’s appeal of the EPL’s 10-point punishment was reduced to a six-point loss.
Lionel Messi
February 23, 2024

Copa América Tickets Climb in Latest Lionel Messi Effect

Tickets for Argentina’s game in Miami are pushing five figures.
German protests
February 21, 2024

German Football League Abandons Outside Investment After Protests

Bundesliga rethinks $1 billion media rights plan.