Top Story

e4m_logo.png

Home >> Media - TV >> Article

Nimbus acquires World Sport Group’s shareholding in Sports JV

08-June-2005
Font Size   16
Nimbus acquires World Sport Group’s shareholding in Sports JV

Nimbus Communications, the India-based media, entertainment and sports company, has acquired the 50 per cent shareholding of World Sport Group in World Sport Nimbus Pte Ltd, the Singapore-based sports joint venture, making the venture a 100 per cent subsidiary of Nimbus Communications Ltd. Subject to regulatory approvals, the name of the venture will be changed to Nimbus Sport International Pte Ltd.

The management of the company will remain unchanged, with Digvijay Singh continuing as CEO. Satish Menon joins Nimbus in India as President, Sports and Media, while Thomas Lavenant continues as Head of Events & Sponsor Services and James Rego as Head of Television.

Harish Thawani, the Chairman of the company, said, “I am particularly delighted that the entire management has chosen to stay on with Nimbus. This is a great team that has delivered fabulous results over the past 3-4 years in every part of the world and we look forward to exponential growth as our clients entrust us with bigger responsibilities.”

News Corp-owned GCC has retained the ICC Cricket business with Nimbus, which will continue to exclusively handle worldwide sponsorship sales and services, television and radio licensing in various countries including India, and the world feed television production of the ICC Champions Trophy 2006. Nimbus is also contracted by GCC to handle airtime sales on free TV in India of the ICC Champions Trophy 2006 and the ICC Cricket World Cup 2007.

Digvijay Singh, CEO, said, “We are grateful to News Corp for their continuing faith in our abilities and our commitment to excellence on the ICC business. While the ICC business remains our No. 1 priority, in the coming weeks we shall be announcing a series of new partnerships with federations, broadcasters and sponsors that shall dramatically widen our portfolio of sports assets and services.”

Tags

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

Meanwhile Radio City and Radio Mirchi ruled Bangalore and Kolkata respectively

Pankaj Belwariar, who recently resigned from the post of Vice President Marketing at Sakal Media Group, has now joined Rajasthan Patrika as the Head of Marketing in North and East region.

A look at Vivo’s ad campaign with their all-new brand ambassador Aamir Khan, which has fetched them a whopping 21 million views on YouTube