Online platforms such as JioHotStar will pay 50% of regional sports rights fees this year, estimated at around $5.7 billion: इस घटनाक्रम पर आधिकारिक अपडेट दर्ज किया गया है। Streaming services from Netflix Inc. to China’s Tencent Holdings Ltd. now pay half of all fees to broadcast sports across Asia. | Photo Credit: Dado Ruvic
## बाजार और अर्थव्यवस्था: क्या हुआ बड़ा बदलाव?
Online platforms such as JioHotStar will pay 50% of regional sports rights fees this year, estimated at around $5.7 billion
Streaming services from Netflix Inc. to China’s Tencent Holdings Ltd. now pay half of all fees to broadcast sports across Asia. | Photo Credit: Dado Ruvic
Streaming services from Netflix Inc. to China’s Tencent Holdings Ltd. now pay half of all fees to broadcast sports across Asia, underlining how digital services are upending traditional media around the world.
Online platforms such as India’s JioHotStar will pay 50 per cent of regional sports rights fees this year, estimated at around $5.7 billion, Media Partners Asia projected. That’s up from about 36 per cent in 2021, the consultancy wrote in its latest report.
Streaming apps are taking over fan screens across the globe as they race to ink deals with top professional leagues. That means viewers — particularly those watching from outside their home markets — need to pay for a growing number of subscription-based services instead of relying on a handful of cable channels like before.
## प्रमुख वित्तीय आंकड़े और कंपनियों का रुख
• Online platforms such as JioHotStar will pay 50% of regional sports rights fees this year, estimated at around $5.7 billion • Streaming services from Netflix Inc. to China’s Tencent Holdings Ltd. now pay half of all fees to broadcast sports across Asia. | Photo Credit: Dado Ruvic • Streaming services from Netflix Inc. to China’s Tencent Holdings Ltd. now pay half of all fees to broadcast sports across Asia, underlining how digital services are upending traditional media around the world. • Online platforms such as India’s JioHotStar will pay 50 per cent of regional sports rights fees this year, estimated at around $5.7 billion, Media Partners Asia projected. That’s up from about 36 per cent in 2021, the consultancy wrote in its latest report. • Streaming apps are taking over fan screens across the globe as they race to ink deals with top professional leagues. That means viewers — particularly those watching from outside their home markets — need to pay for a growing number of subscription-based services instead of relying on a handful of cable channels like before. • In Asia, that could slow the growth of commercial sports. Rights fees may rise by just 1 per cent to 2 per cent per year till 2030, compared with 58 per cent total growth over the past five years, according to MPA. The $16.2 billion Asian sports economy — which includes merchandise and sponsorship deals — should expand around 5 per cent per year to about $19.5 billion in the same period, the consultancy wrote. Each viewer in Asia generates only about $4 in commercial sports revenue, a fraction of the $200 per person in North America. • India has driven more than half of the region’s sports economy growth since 2021. The Indian Premier League topped Asia’s pro leagues in terms of rights fees, earning about $12.4 million a match — on par with the Premier League. • Asia’s streaming giants have carved up the market, meanwhile. JioHotstar, India’s largest streaming platform operated by Walt Disney Co. and Reliance Industries Ltd., snagged cricket. Tencent grants access to NBA and NFL games for the world’s second-biggest population, while Indonesia’s MNC Digital Entertainment Tbk shows Asian Football Confederation and matches from the UEFA European Championship. • Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. • We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
## निवेशकों और उपभोक्ताओं के लिए जरूरी बातें
In Asia, that could slow the growth of commercial sports. Rights fees may rise by just 1 per cent to 2 per cent per year till 2030, compared with 58 per cent total growth over the past five years, according to MPA. The $16.2 billion Asian sports economy — which includes merchandise and sponsorship deals — should expand around 5 per cent per year to about $19.5 billion in the same period, the consultancy wrote. Each viewer in Asia generates only about $4 in commercial sports revenue, a fraction of the $200 per person in North America.
India has driven more than half of the region’s sports economy growth since 2021. The Indian Premier League topped Asia’s pro leagues in terms of rights fees, earning about $12.4 million a match — on par with the Premier League.
Asia’s streaming giants have carved up the market, meanwhile. JioHotstar, India’s largest streaming platform operated by Walt Disney Co. and Reliance Industries Ltd., snagged cricket. Tencent grants access to NBA and NFL games for the world’s second-biggest population, while Indonesia’s MNC Digital Entertainment Tbk shows Asian Football Confederation and matches from the UEFA European Championship.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
## ताजा स्थिति व आगे का अपडेट
संबंधित विभाग और जांच एजेंसियां मामले के सभी पहलुओं का अध्ययन कर रही हैं। किसी भी नए आधिकारिक अपडेट की पुष्टि होते ही जानकारी साझा की जाएगी।
## बाजार और अर्थव्यवस्था: क्या हुआ बड़ा बदलाव?
Online platforms such as JioHotStar will pay 50% of regional sports rights fees this year, estimated at around $5.7 billion
Streaming services from Netflix Inc. to China’s Tencent Holdings Ltd. now pay half of all fees to broadcast sports across Asia. | Photo Credit: Dado Ruvic
Streaming services from Netflix Inc. to China’s Tencent Holdings Ltd. now pay half of all fees to broadcast sports across Asia, underlining how digital services are upending traditional media around the world.
Online platforms such as India’s JioHotStar will pay 50 per cent of regional sports rights fees this year, estimated at around $5.7 billion, Media Partners Asia projected. That’s up from about 36 per cent in 2021, the consultancy wrote in its latest report.
Streaming apps are taking over fan screens across the globe as they race to ink deals with top professional leagues. That means viewers — particularly those watching from outside their home markets — need to pay for a growing number of subscription-based services instead of relying on a handful of cable channels like before.
## प्रमुख वित्तीय आंकड़े और कंपनियों का रुख
• Online platforms such as JioHotStar will pay 50% of regional sports rights fees this year, estimated at around $5.7 billion • Streaming services from Netflix Inc. to China’s Tencent Holdings Ltd. now pay half of all fees to broadcast sports across Asia. | Photo Credit: Dado Ruvic • Streaming services from Netflix Inc. to China’s Tencent Holdings Ltd. now pay half of all fees to broadcast sports across Asia, underlining how digital services are upending traditional media around the world. • Online platforms such as India’s JioHotStar will pay 50 per cent of regional sports rights fees this year, estimated at around $5.7 billion, Media Partners Asia projected. That’s up from about 36 per cent in 2021, the consultancy wrote in its latest report. • Streaming apps are taking over fan screens across the globe as they race to ink deals with top professional leagues. That means viewers — particularly those watching from outside their home markets — need to pay for a growing number of subscription-based services instead of relying on a handful of cable channels like before. • In Asia, that could slow the growth of commercial sports. Rights fees may rise by just 1 per cent to 2 per cent per year till 2030, compared with 58 per cent total growth over the past five years, according to MPA. The $16.2 billion Asian sports economy — which includes merchandise and sponsorship deals — should expand around 5 per cent per year to about $19.5 billion in the same period, the consultancy wrote. Each viewer in Asia generates only about $4 in commercial sports revenue, a fraction of the $200 per person in North America. • India has driven more than half of the region’s sports economy growth since 2021. The Indian Premier League topped Asia’s pro leagues in terms of rights fees, earning about $12.4 million a match — on par with the Premier League. • Asia’s streaming giants have carved up the market, meanwhile. JioHotstar, India’s largest streaming platform operated by Walt Disney Co. and Reliance Industries Ltd., snagged cricket. Tencent grants access to NBA and NFL games for the world’s second-biggest population, while Indonesia’s MNC Digital Entertainment Tbk shows Asian Football Confederation and matches from the UEFA European Championship. • Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. • We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
## निवेशकों और उपभोक्ताओं के लिए जरूरी बातें
In Asia, that could slow the growth of commercial sports. Rights fees may rise by just 1 per cent to 2 per cent per year till 2030, compared with 58 per cent total growth over the past five years, according to MPA. The $16.2 billion Asian sports economy — which includes merchandise and sponsorship deals — should expand around 5 per cent per year to about $19.5 billion in the same period, the consultancy wrote. Each viewer in Asia generates only about $4 in commercial sports revenue, a fraction of the $200 per person in North America.
India has driven more than half of the region’s sports economy growth since 2021. The Indian Premier League topped Asia’s pro leagues in terms of rights fees, earning about $12.4 million a match — on par with the Premier League.
Asia’s streaming giants have carved up the market, meanwhile. JioHotstar, India’s largest streaming platform operated by Walt Disney Co. and Reliance Industries Ltd., snagged cricket. Tencent grants access to NBA and NFL games for the world’s second-biggest population, while Indonesia’s MNC Digital Entertainment Tbk shows Asian Football Confederation and matches from the UEFA European Championship.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
## ताजा स्थिति व आगे का अपडेट
संबंधित विभाग और जांच एजेंसियां मामले के सभी पहलुओं का अध्ययन कर रही हैं। किसी भी नए आधिकारिक अपडेट की पुष्टि होते ही जानकारी साझा की जाएगी।
पूरी खबर, विस्तृत घटनाक्रम और विश्लेषण पढ़ने के लिए क्लिक करें
