Advertisement


Advertisement

Thread Rating:
  • 8 Vote(s) - 2.25 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Times Group to acquire small stake in Nimbus, Neo Sports
Advertisement
#1
MUMBAI: The Times of India Group will acquire a small ownership stake in Nimbus Communications and its associate company, Neo Sports Broadcast.

Under the contours of the deal, Nimbus and Neo sports will leverage the various media vehicles across the Times Group to advertise its sports and broadcasting businesses.

Nimbus, which recently announced a multi-year, multi-event deal with Asian Tour Golf, and Neo Cricket plan to utilise the various Times media vehicles to advertise and market these events. The Times media vehicles offer a platform for events such as the US PGA Tour Golf, Bundesliga, Seria A football and such other premium properties which are broadcast by Neo Sports.

Says Nimbus vice chairman Dr. Akash Khurana, "This alliance with the Times of India Group provides a unique opportunity for drawing on strengths and synergies between the organisations. Our businesses are at inflection points and this deal will help us strengthen and accelerate growth in market shares and revenues of our businesses".

Adds Times Group CEO Ravi Dhariwal, "This is a unique investment in the media sector for us. We feel that we can contribute strongly to Nimbus’ and Neo Sports’ growth through our leadership position and our strong reach across media platforms in multiple markets. Their leadership position in sports rights, production and sports broadcasting is well known and we hope to enhance the momentum of their growth story."

Source: Indiantelevision.com

Reply
Thanks given by:
Advertisement
#2
Investment by Times group can be a push to Nimbus and Neo Sports contributing to growth.
Reply
Thanks given by:
#3
What is the need for Times to aquire stake in NIMBUS??

As viewers would we get some benefit?:jump:
Reply
Thanks given by:
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  General News: Star Sports 1 Tamil launches programming initiative nairrk 0 355 04-08-2020, 10:03 AM
Last Post: nairrk
  General News: Star to bring multiplex strategy to small screen with launch of Star Gold 2 nairrk 0 354 01-29-2020, 02:58 PM
Last Post: nairrk
  General News: Star Sports launches campaign for U-17 Women’s Championship nairrk 0 331 11-11-2019, 06:45 PM
Last Post: nairrk
  General News: Times Network launches ET Now in Canada nairrk 0 304 11-11-2019, 02:07 PM
Last Post: nairrk
  General News: Sony Pictures Sports Network launches Hindi commentary for marquee UFC events nairrk 0 418 09-03-2019, 02:08 PM
Last Post: nairrk
  General News: Times Network launches Times Now World, Mirror Now in Middle East on du TV platform nairrk 0 427 08-13-2019, 06:17 PM
Last Post: nairrk
  General News: Manoranjan Group all set to venture into FTA Hindi GEC space nairrk 0 360 08-02-2019, 03:11 PM
Last Post: nairrk
  General News: Star India to launch Marathi sports channel on 15 July nairrk 0 493 07-11-2019, 10:56 AM
Last Post: nairrk
  General News: Star Sports retains Premier League rights for TV, digital till 2022 nairrk 0 394 06-15-2019, 07:26 AM
Last Post: nairrk
  General News: Star gets MIB approval to launch Malayalam sports channel nairrk 0 438 06-13-2019, 10:54 AM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement