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What this in essence means is that, like the previous three fixtures
that were held last October-November involving Australia, South
Africa and Pakistan (BCCI silver Jubilee ODI), it will be national
broadcaster Doordarshan that telecasts the matches. And if the precedent
of those fixtures are anything to go by, it looks likely that Dubai-based
Ten Sports will do the production.
When contacted by indiantelevision.com, BCCI chief Ranbir Singh
Mahendra cautiously said, "I will have to study the ruling
with my lawyers before we make any decision on who will do the production."
Zee Telefilms, of course, expressed happiness about the ruling.
When contacted, Ashish Kaul, vice president, Zee Telefilms Limited
said, "We are extremely pleased with the judgment of the Madras
court. Though this is an interim judgement, we believe that the
final judgement will put this entire case in a right prespective.
For the first time, the courts have been able to see the nexus between
BCCI and ESPN over telecast of cricket and hence has not allowed
BCCI to give the production rights to ESPN."
While Zee may have put up a brave front, the stock markets didn't
see the developments in quite the same light. The media major's
scrip was down 3.37 per cent on the day from its opening of Rs 153.85
and closed at Rs 147.25.
ESPN India MD RC Venkateish expressed his “disappointment”, but
said that the company still respects the court’s observations.
"Under the circumstances, it would seem that Prasar Bharati
is in the driver’s seat,” he said. Asked, whether ESPN and Star
Sports’ bottomlines would get hit because of the loss of the high-grosser
Indo-Pak series, Venkateish explained that given the telecast impasse
and the short notice at which things would have had to be organised,
it would not have been possible to “maximise revenue.”
“The advertising cost could have covered the cost of acquisition,
but to successfully enhance the scope of affiliate revenue (susbscription
revenue) ideally more time is needed, which would not have happened
with the Indo-Pak
series,” Venkateish said.
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Madras
High Court verdict on television rights Thursday
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