Zee Entertainment Enterprises Ltd.
(ZEEL) announced the sale of its sports network TEN Sports to Sony Pictures
Network (SPN) in all cash deal for $385 Million. TEN Sports portfolio includes
TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket and TEN Sports. The network
operates these channels across India, Maldives, Singapore, Hong Kong, Middle
East, and Caribbean.
TEN Sports network is currently
held by company’s two wholly owned subsidiaries – Taj Television Limited, Mauritius
and Taj Television (India) Pvt. Limited. The acquisition of TEN Sports network
will strengthen SPN offering for viewers of Cricket, football and fight sports,
complementing portfolio of international and domestic sporting properties.
Sony current sports properties
include Cricket (IPL, CPL, Ram Slam), Football (FIFA 2018 World Cup Russia,
UEFA Euro 2016, FIFA World Events including FIFA U-17 World Cup 2017 in India,
European and South American Qualifiers for FIFA WC 2018, FIFA Confederations
Cup, LaLiga, Serie A, FA Cup, Copa America Centenario, International Champions
Cup), Tennis (Australian Open, ATP 1000 and 500 World Tour Events, Champions
Tennis League), fight sports (TNA, UFC, Pro Wrestling League), Basketball (NBA)
as well as NFL and Premier Futsal.
As for TEN Sports, the network
holds broadcast rights to major cricket boards (South Africa, Pakistan, Sri Lanka,
West Indies and Zimbabwe). TEN Sports has rights to wrestling (WWE), football
(UEFA Champions League, UEFA Europa League, French League, English Football
League Cup), Tennis (WTA Events, ATP Events), Golf (European Tour, Asian Tour,
Ryder Cup, US PGA Championship, LGPA Tour, Professional Golf Tour of India and
Golf Channel Block), Athletics (Asian Games, Commonwealth Games), Motor Sports
(MotoGP) and Cycling (Tour de France) events.
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