It was last September that Star India secured the five-year global media rights to the Indian Premier League with a winning bid of Rs 163.475 billion ($2.55 billion). Just over three months later, in December came the big bang announcement that the Walt Disney Co. had sealed a $52.4-billion all-stock deal to acquire 20th Century Fox and other entertainment and sports assets from Rupert Murdoch's empire.
As to the valuation of Fox's Indian arm in the calculation, a credible number that SportzPower has been given is $18 billion or 35 per cent of the whole. As for what Star's sports business accounts for in that calculation, 30 per cent would be within the ball park, an industry observer opines.
Interviews
Feb 02, 2018 12:02
Jan 19, 2018 06:01
The 2018 Mumbai Marathon is a landmark one as it marks the 15th edition of this iconic run, which has positioned the country's financial capital as one of the premier races across the globe. With the Tata group inking a 10-year deal to be the title sponsor of one of the world's top 10 marathons, the stature of this event has only been raised further. For Procam International, which pioneered the running movement across India, the effort now is not only to cement its leading position in distance running, but also to grow the portfolio without diluting the core values associated with its events.
Dec 20, 2017 11:12
THE FIRST CHALLENGE that faced Vighnesh Shahane when he took over as CEO at IDBI Life Insurance five years ago was to help build brand trust in the consumer's mind, in an already cluttered market.
The 48-year-old former cricketer says the the decision then to shun the beaten path and sell life insurance using the health, fitness and well being plank has reaped rich dividends for the company since. The company has currently tied up with the Pullela Gopichand Academy to scout under 10 talent that could be nurtured for international events a decade hence.
Oct 30, 2017 17:10
For a FIFA tournament to be successfully run, there are many people that play their part in these endeavours. As project director for the Local Organising Committee (LOC) of the FIFA U-17 World Cup India 2017, Joy Bhattacharjya was a key individual in making the first FIFA tournament in the South Asian country a success.
Before the final matchday in Kolkata on Saturday, Bhattacharjya spoke to FIFA.com about his three-year involvement in making U-17 World Cup India 2017 a reality.
What challenges did you experience in your role?
Oct 25, 2016 21:10
UDIT SHETH, Founder and Managing Director of TransStadia, believes that good infrastructure is the catalyst to development of sports in the country, which is why he wanted to be in the infra, lifestyle, development side rather than the front end