SC sets 2 April for final hearing on Bharat Shah bail plea
The fate of big-time film financier Bharat Shah, who has been incarcerated since early last year due to his alleged c
"Everyone is talking to everyone." That was all Lalit Modi, vice-chairman and president, Modi Entertainment Network, would offer other than a "no comments" when asked about a strong buzz in the industry that MEN was close to signing a deal as the distribution platform for the soon-to-be-launched Taj Entertainment Network (Ten) sports channel.
Ten is being launched by promoter of Sharjah cricket Abdulrahman Bukhatir through his company Taj Sports, and is expected to be unveiled on 6 April, just ahead of the start of the next tri-nation Sharjah cricket tourney. The kick-off date of the tournament involving Pakistan, Sri Lanka and New Zealand is 8 April.
MEN chief executive Rajan Kaaicker was equally noncommittal when asked to respond to industry reports that Ten would be offered as part of the MEN bouquet at an a la carte subscription rate of Rs 8 per month after an initial free trial period. The other channels on the MEN bouquet are DD Sports, Hallmark, FTV and MCM (the last two are French fashion and music channels respectively).
According to industry sources, there are three possible bouquets that Ten could hop aboard - MEN, Zee and Sony Entertainment. At this point MEN appears to have the best chance of signing the deal, the industry buzz goes.
This is quite a turnaround from what Bukhatir had late last year been quoted as saying that while he was negotiating with different bouquets for distribution and marketing, Zee was the preferred partner.
At this point it looks as if MEN is promising a larger subscriber number delivery than what Zee can guarantee because of the DD Sports reach. This appears to be the reason that the pendulum is swinging more MEN‘s way.
Sony Entertainment cannot be ruled out of the equation either, especially after it bagged the India broadcast rights for International Cricket Council-promoted events for the next six years.
One network Bukhatir has ruled out though is the Murdoch-led Star TV because of the ESPN Star Sports connection. There is just too much overlap between the two in the kind of fare on offer.
Ten is expected to launch with a footprint spanning Australia to England. Taj Sports CEO Chris McDonald, earlier with ESPN Star Sports as senior V-P, advertising and integrated sales, was down in Mumbai recently with his full team looking into distribution and marketing issues, sources aver.
There is more to Ten than just cricket though. While cricket will dominate, it will also have wrestling, tennis, football and rugby. The company has rights for NBA and WWF events, Bukhatir has been quoted as saying.
Aside from Sharjah rights, Taj reportedly also has Sri Lanka cricket rights which was earlier with WSG Nimbus.
Global sports-related marketing major Sportsworld Media Group, the company that owns the worldwide rights to ITV‘s Popstars, is currently the target of a buy-out by a number of media majors.
Sources indicate that WPP Group and Omnicom, both among the world‘s largest communications groups, are the two most likely candidates which may acquire a stake in Sportsworld.
If Omnicom does acquire a stake in Sportsworld there will be no lack of synergy. Sportsworld CEO Geoff Brown has been quoted in an earlier interview as saying his strategy was really to create an Omnicom-style vehicle and be a consolidator within the industry. And John Bernbach, non-executive chairman of Sportsworld, is a founding director of Omnicom.
Sportsworld‘s problems arose after it announced at the end of January that full-year profits for the year to 30 June were likely to be below market expectations at between ?9 million and ?10 million.
Even though the company said the second half should be lifted by renewed sponsorship activity and a range of newspaper linked promotions connected to football‘s World Cup and the Winter Olympics, to name just two major sports events, this could not prevent a run on the company‘s share price which led to a major fall in its share value.
According to a company source, media reports regarding the state of the company and its finances have been overly exaggerated. The actual situation is that the company is still making operating profits and its financials are sound, the source asserts.
In India the company is a very new entrant (just six months old) but has already made a mark with two gameshow formats it licensed and that have taken off in a big way. Super Selector on ESPN Star Sports has proved a winner for the channel while Star India‘s Channel [V] has given its full to make sure that [V] Popstars is a success.
On the cricket front, Sportsworld has won the rights to market in India the in stadia hoardings for the upcoming tour to the West Indies by the Indian cricket team. According to the source, all the inventory available has already been sold.
He further stated that Sportsworld was in advanced negotiations with all the big broadcasters to licence their shows and some major announcements on that front could be expected soon.
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