Top Story

e4m_logo.png

Home >> Media - TV >> Article

BCCI invites Zee, ESPN for final talks

02-September-2004
Font Size   16
Share
BCCI invites Zee, ESPN for final talks

The Board of Control for Cricket in India (BCCI) has invited Subhash Chandra-controlled Zee Telefilms — the highest bidder for the four-year cricket telecast rights, and ESPN Star Sports — the second highest bidder— for a final round of discussions. The meeting will be held on September 4 at Chennai and the final winner will be announced on September 5.

A Zee Telefilms spokesperson confirmed the development. RC Venkatesh, managing director of ESPN-Star Sports, told Business Standard , “We have been invited by BCCI to present a clarification on our bid. We are open to any kind of negotiations that will enable us bag the deal.”

Zee Telelfilms’ bid of $260 million (Rs 1,206 crore) emerged as the highest bid. ESPN had bid $230 million and had expressed its willingness to increase it to around $300 million if BCCI extended the offer to five years from four.

ESPN-Star Sports alleged that Zee did not qualify for the bidding process as it did not meet the board’s criterion of two years’ experience in telecasting international cricket events.

Zee officials, however, refuted the charge and argued that they have telecast international cricket matches in countries like the UK since 1995. This triggered a controversey and BCCI decided to take a look at the bids and seek further clarification from the bidders.

The other bidders included Sony TV at $140 million and Ten Sports at $115.

Tags

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Software and Technology, Consulting, Healthcare seem to be increasingly using Webinars to engage with their clients and employees

Chandy indulges in his love for reading and learning something new over the weekends

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Industry analysts expect the infusion of foreign capital to drive not only the retail market but also the advertising industry as a result.

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Inform...