Sony Pictures Networks India has completed the first of its two-phase acquisition of the TEN Sports Network from Zee Entertainment Enterprises Ltd.
In this phase, TEN 1, TEN 1 HD, TEN 2, TEN 3 and TEN Golf HD have been added to Sony's cluster of sports channels, the company said in a media statement. The remaining two channels, TEN Cricket and TEN Sports, will be transferred to Sony in the final phase of the transaction to be completed in the next few months, the statement added.
Sony Pictures Networks is now equipped, better than ever, to offer its viewers premium sporting content with a sports portfolio that includes every major sport and many international as well as domestic leagues. We are now stepping into the integration process to facilitate a seamless transition.NP Singh, CEO, Sony Pictures Networks India In The Media Statement
Zee Entertainment announced the sale of the sports channel for Rs 2,583 crore in August 2016, calling it a "strategic portfolio shuffle".
TEN Sports currently has telecast rights to five of the ten test playing cricket boards. Besides cricket, TEN Sports also has rights to broadcast events like The Union of European Football Associations Champions League, UEFA Europa League, Women's Tennis Association, Tour de France, and the World Wrestling Entertainment.
Also Read: Zee Entertainment Sells Sports Broadcasting Business to Sony Pictures for $385 Million
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