Zee Re-enters Sports Broadcasting, Picks Up Media Rights For UAE T20 League

The UAE T20 League on Tuesday said it had signed a long-term global media rights contract with entertainment major Zee, paving the way for the latter's re-entry into sports broadcasting. Zee had sold its Ten Sports television network to Sony in 2016 for Rs 2,600 crore, exiting the business back then.

The UAE T20 League will air exclusively on Zee's television channels and its over-the-top (OTT) platform ZEE5, in India and across the world.

Zee did not specify the deal size or the tenure of the global media rights for the UAE T20 League. However, industry sources estimate the deal size to be around Rs 800-900 crore for 10 years, given that the league is new.

Licensed by the Emirates Board, the UAE T20 League will comprise 6 teams, competing in a 34-match tournament. The teams include franchises owned by Reliance Industries, Adani Sportsline, Kolkata Knight Riders, Lancer Capital, GMR Group and Capri Global.

While the league was supposed to kick off in February, it will likely happen in June, media industry sources said.

Khalid Al Zarooni, chairman of the UAE T20 League, said: “Nothing can be more satisfying than to have a credible broadcast partner like Zee associated with the League. We are confident that Zee has the strength of viewership to take our league to unmatched levels.”

Rahul Johri, president – business, South Asia, Enterprises Limited, said, “We are delighted to be the official global media rights holder of UAE’s T20 League. We believe that the league, which is already attracting globally, the biggest stars and team franchisees, will provide fantastic and entertainment to viewers across the world."

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

Revoluts Australian Banking Licence Game Changer

Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more

The AI Bank Is Coming, But Who Controls The Risk?

Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more

ClearBank UK Profit Leads To European Growth

ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more

Bank Of London Continues To Rebuild

ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more