Nimbus Communications, the telecast rights holder for cricket matches in India for five years, has proposed a one-third reduction in the fee by $180 million.
3i, a private equity and venture capital firm, will invest $45.50 million in sports and media company Nimbus Communications Ltd.
The Ordinance makes it mandatory for private broadcasters to share live feed of matches with Prasar Bharati.
Nimbus Communication Ltd approached the Delhi high court challenging the government's uplinking guidelines that makes it mandatory to share its feed with public broadcaster Prasar Bharati.
To beam India-based cricket into British homes, starting with England's tour of India
They have acquired the rights for four years after a $612 million bid.
The channel will debut with the Challenger Series for NKP Salve Trophy to be played in Chennai from Sunday.
Nimbus Communication Ltd approached the Delhi High Court seeking protection from the Centre's alleged threat to cancel its licence.
Nimbus is foraying into the rental DVD market and plans to set up 125 DVD stores across 69 cities in India within a few months.
In a relief to Nimbus Communications, the Bombay High Court, on Friday, directed three banks to give the broadcast rights holder three days notice before forfeiting bank guarantee of Rs 2,000 crore.
The Delhi high court on Friday refused to grant interim relief to the Board of Control for Cricket in India and sports broadcaster Nimbus Communication which challenged the Centre's policy directing private broadcasters to share the feed of cricket Test matches with Prasar Bharti.
Nimbus Communications has agreed to sell a one-fourth stake to an international media giant for $125 million (Rs 562 crore), valuing the company at Rs 2,250 crore
Rights holders Nimbus Communications, which owns Neo Cricket and Neo Sports channels, have retained the television rights of the Board of Control for Cricket in India for four more years for a whopping Rs 2000 crore.
Nimbus Communications Ltd on Monday said it has received private equity investment of Rs 552 crore (Rs 5.52 billion) from 3i, Cisco and Oman Investment Fund that would be deployed to fund sports rights acquisitions
Broadcaster Nimbus Communication, which operates sports channel Neo Sports, is in talks with banks to float an initial public offer for nearly Rs 300 crore (Rs 3 billion).
Meet the flamboyant Harish Thawani (46), the boss of Nimbus Communications who dons a diamond earstud.
Sports brodcaster Nimbus Communication Ltd has approached the Delhi high court seeking protection from the Centre's alleged threat to cancel its licence if it did not respond to the government's show cause notice by Thursday.
India's largest diversified media conglomerate Bennett, Coleman and Co Ltd (BCCL), popularly known as the Times Group, has joined the race to pick up a majority stake in the two sports channels of Nimbus Communications.
Ali Asghar has quit his post following a disagreement with the authorities.
The Delhi high court directed Nimbus to provide live feed to the state broadcaster for the February 17 match
The Delhi HC directed Prasar Bharati to telecast India-West Indies series with seven-minute delay.
The BCCI's marketing committee headed by Dr Farooq Abdullah will meet here on March 7 to decide on floating tenders for finding a new broadcast partner for international and domestic cricket ties hosted by the Board in the 2012-13 season.
The former BCCI president raised questions on the award of global media rights by the Board and alleged that it has lost Rs 81.40 crore on the deal.
Harish Thawani, Nimbus Communications' flamboyant CEO, wants to take the Neo sports channel to such new markets as Malaysia, Thailand, Indonesia Europe and North America. The aim, he says, is to achieve an over 50 per cent growth in market share next financial year.
The Board of Control for Cricket in India (BCCI) is expected to issue tender forms for broadcasting rights of the Indian Premier League (IPL) in the coming week. According to industry sources, the winner might have to fork out over Rs 1,000 crore (Rs 10 billion) for a five year telecast rights.
The Lok Sabha on Thursday approved a bill making it mandatory for private broadcasters to share live feed of national sports events with Doordarshan and All India Radio on free-to-air basis.
BCCI has stuck a deal with Nimbus Communications to telecast domestic matches live during the forthcoming season.
An interview with ESPN Software (India) Pvt Ltd's Managing Ddirector R C Venkateish.
Ranjita Ganesan visits The Indus Club, which is not just another old boys' club.
The BBC won exclusive radio rights to all international matches in India for four years, including the England series.
CEO Rahul Johri and acting secretary Amitabh Chaudhary sparred over e-mails with regards to the board's first-ever e-auction for the media rights
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