James Murdoch sees no major impact on Star’s EBITDA target despite IPL bid

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21st Century Fox CEO James Murdoch has said that the company’s India unit is on track to meet its EBITDA target of $500 million by 2018 and $1 billion by 2020 notwithstanding the fact that the rights for the lucrative Indian Premier League (IPL) have come up for grabs.

For the new cycle of IPL rights after the 2017 edition, the TV telecast fee is expected to climb stratospheric heights. Star India is locked in a straight battle with Sony Pictures Networks India (SPNI) for the TV rights of the IPL.

Murdoch did not give a straight answer when queried by media analysts about the impact IPL rights would have on Star India’s growth targets.

Noting that the process of awarding IPL rights has been delayed, Murdoch said that the India sports business had grown in breadth with India cricket rights being complemented well by emerging local leagues like Pro Kabaddi and the Indian Super League.

“So first of all to say on the IPL, I think it’s well known that it’s very unclear when those rights will come to market. There has been a delay in that process,” Murdoch said.

The process of awarding rights has been delayed due to the standoff between the Lodha Committee and the Board of Control for Cricket in India (BCCI).

The Lodha Committee wants the BCCI to implement the reforms recommended by it before proceeding with the IPL rights. Murdoch further stated, “But I would say, look with respect to the Indian business. We obviously look at different rights packages as they come up.

We have really grown the breadth of that business in terms of sports with BCCI domestic cricket contract, as well as the growth of Kabaddi and the Indian Super League, so it is really a broad business there and new rights come up where we always will have a look at.” Star India is on course to meet its target.

“There is nothing at this point I can see in the outcome of those things that would deter it from the medium-term target that we have laid out for profit growth at Star, so we feel confident about that,” he said.

The BCCI has divided the IPL rights into three parts—Indian sub-continent TV rights, Indian sub-continent digital rights and international media rights.

Indian sub-continent TV rights and the international media rights are for a period of 10 years, while the Indian sub-continent digital rights are only for five years.

Murdoch also stated that Star India’s advertising revenues had returned to double-digit growth year-over-year on a constant currency basis.

Read more at: http://www.televisionpost.com/tvp-special/james-murdoch-sees-no-major-impact-on-stars-ebitda-target-despite-ipl-bid/ | TelevisionPost.com
 
Telecast one match on 8 more channels which cost nearly 150 for subscriber and then you will easily meet your target :angry :angry
 
True star sports & star network sucks the maximum money from consumers
 
Its only bcoz of Star we all in India got to know abt International Sports n International quality broadcasting with Reputed commentators and their beautiful sports broadcasting production. Also all credit goes to Star for exposing world class movies to our homes n world class programes. Star is an Epitome in Television industry. We should all be very gratefull to them otherwise we still would have cripped onto DD Sports.
 
SPANDAN said:
Its only bcoz of Star we all in India got to know abt International Sports n International quality broadcasting with Reputed commentators and their beautiful sports broadcasting production. Also all credit goes to Star for exposing world class movies to our homes n world class programes. Star is an Epitome in Television industry. We should all be very gratefull to them otherwise we still would have cripped onto DD Sports.

Watching cricket on DD was fun way better than bloody star who charges 40/channel for 4 channels and shows 1 match :angry :angry
Atleast DD never shows 1 match on 4 to 5 channels :angry
 
santosh said:
Watching cricket on DD was fun way better than bloody star who charges 40/channel for 4 channels and shows 1 match :angry :angry
Atleast DD never shows 1 match on 4 to 5 channels :angry

who compel u to subscribe all 4 channels for watch 1 match and what is the use in that :huh .. Subscribe 1 channel which match u going to watch :) .. Btw SPN channels charge more than star for subscription ..
 
Gurmeet singh said:
Star sports all channel boring.sony six better then star.

R U able to watch maximum events in two channels :huh ..
 
amarnathkvk said:
I never turn to Sony channels except Indian matches and IPL :)

Absolutly amar :tup:luv:) .. I agree star having cons in telecast tournaments :( .. Apart from that in sports & movies Star has top no way to compare SPN :) .. Enjoying 90% of sports and movie premiers in star :clap:luv:hs:win:eek:hya;) ..
 
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