Viv U, RTL may nab Cup rights owner ISMM

Decision could come as early as Monday

BERLIN — Vivendi Universal and the RTL Group could take over bankrupt Swiss sports rights marketer ISMM, which owns worldwide rights to the 2002 and 2006 soccer World Cup, for the symbolic price of one Swiss franc (58¢).

A decision could come as early as Monday, when a Swiss court that has been reviewing ISMM’s bankruptcy proceedings will decide the company’s fate.

The takeover would mean a multimillion-dollar investment by Vivendi in ISMM, which reported losses of $350 million last year.

For Vivendi U and RTL, the acquisition would preempt an effort by German media giant Kirch, which already controls European rights to the 2002 and ’06 World Cup games and has an option to acquire worldwide rights if ISMM goes bankrupt. Vivendi U and RTL are looking at pooling their sports rights into a joint venture that would include ISMM.

Messier said ISMM “would reinforce the joint venture” with RTL, which, he added, could be set up by this summer.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety

Loading