T20 format attracts another $1B media investment

Tuesday, September 16. 2008
Posted by Geoffrey Hampson

We are extremely encouraged by recent $1 billion-plus investments in cricket broadcasting rights and media plays, spurred by the tremendous success of the inaugural season of the DLF Indian Premier League (IPL) and the exciting Twenty20 (T20) format, cricketÂ’s shortest, newest and fastest growing format.

In the latest mega investment in T20 cricket, ESPN STAR Sports (ESS) network, owned jointly by Rupert Murdoch's News Corp and Walt Disney, agreed to pay $975 million for the 10-year global telecast rights to cricket's Champions League Twenty20 competition. The Champions League is an annual 10-day event that begins in December in India and features eight teams from India, South Africa, Australia, Pakistan and England. This deal takes ESS's investment in cricket to the $2 billion mark. Additionally, on September 7, 2008, Indian telecom and media conglomerate Reliance ADA Group acquired a 70 percent stake in Willow.tv, a cricket webcasting site based in Sunnyvale, CA for a reported $60 million to $70 million. Earlier this year, Sony Entertainment Television and World Sport Group bought the 10-year broadcasting rights of the IPL for $1.03 billion.

Live Current, in partnership with netlinkblue, has secured the 10-year digital media content, live streaming and mobile rights for the IPL and the Board of Control for Cricket in India (BCCI), and these recent transaction further validate the strategic and economic value of these rights.

Posted by Geoffrey Hampson at 13:15

Welcome to Live Current

Wednesday, March 26. 2008
Posted by Geoffrey Hampson

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Today's announcement of the new Live Current Media Inc. and the acquisition of Auctomatic marks a significant milestone for our company. Some of you who have been following the company for the last 14 years as Communicate.com Inc. may wonder why we've chosen to change the name, and the answer is simply this: we are a new company. As a new media company, we have a clear direction, strategy and the team in place to deliver on our mission of building, owning and operating some of the most engaging content and commerce destinations on the Internet.

The wheels are in motion and more good things are to come. Stay tuned as you see Live Current grow, evolve and deliver on our objective of building amazing consumer online destinations that enable users to discover more and get closer to the information they are passionate about in their daily lives.

Posted by Geoffrey Hampson at 13:07 | Comments (5) | AddThis Social Bookmark Button
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