Sony Pictures acquires Zee’s Ten Sports
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Sony Pictures Networks India (SPN) and its affiliates have entered into definitive agreements to acquire TEN Sports Network from Zee Entertainment Enterprises and its subsidiaries for $385 million.
The TEN Sports channels being acquired include TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket, TEN Sports that operate in several countries including the Indian sub-continent, Maldives, Singapore, Hong Kong, Middle East, Caribbean.
TEN Sports holds broadcast rights to major cricket boards (South Africa, Pakistan, Sri Lanka, West Indies and Zimbabwe). In addition, Ten Sports holds 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, LPGA Tour, Professional Golf Tour of India and Golf Channel Block), athletics (Asian Games, Commonwealth Games), motor sports (Moto GP) and cycling (Tour de France) events.
“The acquisition of TEN Sports Network will strengthen SPN’s offering for viewers of cricket, football and fight sports, complementing our existing portfolio of international and domestic sporting properties,” said NP Singh, CEO, Sony Pictures Networks India.
“It also aptly demonstrates SPN’s commitment to providing a broad range of sporting entertainment to fans across India and the sub-continent,” said Singh.
Questions & Answers
Q.Which specific sports and events will Sony Pictures Networks India gain broadcast rights for through this acquisition?
Which specific sports and events will Sony Pictures Networks India gain broadcast rights for through this acquisition?
SPN will acquire rights for major cricket boards like South Africa and Pakistan. They will also gain rights for wrestling (WWE), football (UEFA Champions League), tennis (WTA, ATP), golf (European Tour), athletics, motor sports, and cycling events.
Q.What is the primary reason Sony Pictures Networks India states for acquiring TEN Sports Network?
What is the primary reason Sony Pictures Networks India states for acquiring TEN Sports Network?
According to CEO NP Singh, the acquisition will strengthen SPN's offering for viewers of cricket, football, and fight sports. It also complements their existing portfolio of international and domestic sporting properties.
Q.Which geographical regions are covered by the TEN Sports channels being acquired by Sony Pictures Networks India?
Which geographical regions are covered by the TEN Sports channels being acquired by Sony Pictures Networks India?
The acquired TEN Sports channels operate in various countries, including the Indian sub-continent, Maldives, Singapore, Hong Kong, the Middle East, and the Caribbean. This expands SPN's reach significantly.
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