Zee sells Ten Sports to Sony Pictures for $385 mn

August 31, 2016

New Delhi, Aug 31: Media Firm Zee Entertainment Enterprise Ltd (ZEEL) has sold its sports channel Ten Sports to Sony Pictures Networks for a $385-million (about Rs 2,579 crore) all cash deal.

tensports

“The Board of the Directors of the company approved sale and transfer of the ‘Sports Broadcasting Business’ of the company…to Sony Pictures Networks India (SPN) and its affiliates at an aggregate all-cash consideration of USD 385 million,” ZEEL said in a BSE filing.

ZEEL said the company and its subsidiaries have executed relevant binding agreements in this regard.

It said its Sports Broadcasting Business is currently housed under Taj TV Ltd, Mauritius, which carried out the business of distribution and broadcasting of the sorts content through TEN brand of television channels and Taj Television (India) which acts as an exclusive agent in India for down-linking, distributing, marketing and sale of advertisement of the sports channel owned by Taj TV Ltd, Mauritius.

“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. It also aptly demonstrates SPN’s commitment to providing a broad range of sporting entertainment to fans across India and the sub-continent,” Sony Pictures Networks India CEO NP Singh said.

Sports Broadcasting Business accounted for Rs 631 crore revenue in the company’s consolidated revenue and net loss of Rs 37.20 crore for the fiscal 2015-16.

ZEEL had bought Ten Sports from Dubai-based Abdul Rahman Bukhatir’s Taj Group in 2006.

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.

Completion of the acquisition is subject to regulatory approval.

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News Network
June 22,2020

Zadar (Croatia), Jun 22: Grigor Dimitrov took to Instagram to announce that he has tested positive for coronavirus. The tennis star was one of the players who took part in the Adria Tour with the likes Novak Djokovic, Alexander Zverev and Dominic Thiem among others.

Taking to Instagram, the player wrote: "Hi Everyone-I want to reach out and let my fans and friends know that I tested positive back in Monaco for Covid-19. I want to make sure anyone who has been in contact with me during these past days gets tested and takes the necessary precautions. I am so sorry for any harm I might have caused. I am back home now and recovering. Thanks for your support and please stay safe and healthy."

He also urged those who had come in contact with him over the last few days in Monaco should also get tested for the deadly virus.

Meanwhile, World no.1 Djokovic reached the final of his exhibition tournament in Zadar, Croatia, after easing through the round-robin group stage on the first day. This is the second stage of the Adria Tour with Austrian Dominic Thiem winning the first leg in Belgrade, Serbia.

Djokovic started by saving three set points in his 4-3, 4-1 win over fellow Serb Pedja Krstin. He then beat home favourite Borna Coric 4-1, 4-3 in front of several thousand fans at the Visnjik tennis complex.

The tournament in Zadar is being played on red clay over two days. In the other group, Russian Andrey Rublev is in pole position to advance into the final after wins over 2014 US Open champion Marin Cilic and Serb Danilo Petrovic. He faces German star Alexander Zverev in the final round robin match on Sunday who stayed in contention after beating Cilic 4-3, 0-4, 4-3.

Djokovic''s own inconsequential final group match is against Croatian Dino Serdarusic who replaced Grigor Dimitrov after the Bulgarian pulled out of the tournament with sickness following his opening 4-1, 4-1 loss to Coric.

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News Network
February 18,2020

Feb 18: Spinner Poonam Yadav claimed three wickets as India geared up for the ICC women's T20 World Cup with a thrilling two-run win over the West Indies in a low-scoring warm-up match in Brisbane on Tuesday. Electing to bat, India posted a lowly 107/8 in their stipulated 20 overs before returning to restrict the West Indies to 105/7. Chasing 108 to win, West Indies were comfortably placed at 57 for one in 13 overs when Deepti Sharma struck, cleaning up opener Lee-Ann Kirby (42) to trigger a collapse. Soon skipper Stafanie Taylor (16), Chedean Nation (0) and Deandra Dottin (1) were back in the hut as West Indies slipped to 67 for five in the 17th over.

Hayley Matthews (25) and Chinelle Henry (17) blasted three fours and a six in the 19th over to leave them with 11 to get off the last six balls.

Henry blasted Poonam for a four but the Indian dismissed Matthews in the fourth ball.

West Indies needed three runs off the last ball but Henry was caught by Veda Krishnamurthy.

Earlier, India's top-three failed to fire as they were reduced to 17 for three in 3.1 overs.

Opener Smriti Mandhana (4) lasted just six balls, while Jemimah Rodrigues (0) failed to open her account.

Young Shafali Verma blasted a couple of fours before being caught by Britney Cooper off Shamilia Connell (2/20).

Skipper Harmanpreet Kaur (11), too, didn't stay long, while Krishnamurthy was cleaned up by Afy Fletcher (1/26), as India slumped to 52 for five in 11.2 overs.

Deepti Sharma made a 32-ball 21 before becoming a victim of Anisa Mohammed (2/16), while Pooja Vastrakar (13) was removed by Aaliyah Alleyne (1/9).

Stafanie taylor then got rid of Taniya Bhatia for 10. Shikha Pandey finally smashed a 16-ball 24 to give some respectability to the total.

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News Network
July 16,2020

Kolkata, Jul 16: BCCI president Sourav Ganguly on Wednesday went into home quarantine after his elder brother and Cricket Association of Bengal (CAB) joint secretary Snehasish Ganguly tested positive for Covid-19.

Snehasish, a former Bengal first-class player, has been admitted to the Belle Vue hospital in Kolkata after his COVID report came positive.

"He was suffering from fever for the last few days and his test report came positive today. He's been admitted to Belle Vue Hospital," a CAB official said.

"The reports arrived late in the evening. As per health protocols, even Sourav will have to be in home quarantine for a stipulated period," a source close to the BCCI President added.

Snehasish had shifted to their ancestral house, where Sourav is based, in Behala after his wife and in-laws at his Mominpur residence tested positive for the dreaded virus.

The former India captain was, however, unavailable for a comment on the development.

Recently, during an interview to India Today, Sourav had spoken about how life around him has changed, making people more vulnerable.

"My brother visits our factories everyday and he is more at risk," the former batting star had said

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