NEW DELHI — News Corp.-backed World Sports Group and Indian media company Nimbus Communications have bagged the television, Internet and radio rights for the next seven years for World Cup cricket.
The deal was inked with the Intl. Cricket Council on Sunday in Paris and covers two upcoming tournaments, World Cup 2003 and World Cup 2007, along with 10 other major tournaments including the 2002, 2004 and 2006 ICC Knockout Championships. Other events include the Youth World Cup and the ICC Trophy Championships.
$550 mil deal
The London and Hong Kong-based WSG finalized the deal for $550 million. Murdoch’s News Corp. is also acting as the guarantor for payments.
The ICC had invited a global tender for awarding the rights of these tournaments in December 1999.
The bid beat out a rival tender from Zee TV.
The head of Mumbai-based Nimbus, Harish Thawani, announced that a new corporate structure is being evolved to work out the respective roles of the partners.
Nimbus recently secured the exclusive terrestrial TV rights to telecast Euro 2000 soccer championships as well as major international tennis tournaments for India.