Spain’s Mediapro will struggle for the cash to get through the next six months, according to US credit rating company Moody’s. Moody’s says that Mediapro is lacking the cash for payments due over the next six months, reports OK Diario. Mediapro will have “a liquidity deficit of at least €225 million for the next six […]
Spanish TV group Mediapro saw its revenues fall by 38 per cent to €1.1 billion in 2020, with a negative EBITDA of €215 million versus €224 in the green the previous year. The company, controlled by Chinese Fund Orient Hontai Capital, said that the suspension and stagnation of its activities due to the pandemic is […]
Mediapro, the Spanish TV group, has acquired the International TV rights to the Chinese Super League until 2023. The agreement takes place following the current owner of the rights, China Sports Media, breaking the contract following financial difficulties. The news also comes at a time when Mediapro is set to ask for a €300 million […]
Spain’s TV group Mediapro is reportedly set to request a €300 million financial rescue package from the public investment bank SEPI (Sociedad Estatal de Participaciones Industriales) to solve its economic problems brought on by the pandemic. The TV group, with 5,000 workers in the country and 3,000 outside, must fulfil criteria that it is a […]
Already hard hit by Covid-19, cord-cutting and underlying pressures on TV advertising, sports’ tough time isn’t over yet, according to analysis by Ampere Analysis:
beIN Sports France has agreed a deal with Canal+ for the domestic rights to Ligue 2 football in France until the end of the current season. beIN Sports already held a package of rights to Ligue 2 but now becomes the exclusive broadcaster of all Ligue 2 action in the country. The amount paid has […]
Italy’s Serie A has turned down Spanish group Mediapro’s bid for the football TV rights to the Italian League for the 2021-2024 period. With Eurosport also excluded, Sky and DAZN are the main remaining bidders. Sky has offered €750 million for the whole rights, whereas DAZN has submitted the highest bid for around €840 million […]
LFP has admitted failure in the re-tender process for French football league 1 and 2 rights. The bidding was opened following the cancellation of Mediapro’s deal in December 2020 but was doomed when Canal+ boycotted the process. Bids from rivals Amazon, DAZN and Eurosport failed to reach the reserve price. The LFP now is giving […]
Sky Italia, Mediapro, DAZN and Discovery (Eurosport) submitted bids during the first round of the auction to award the 2021/2024 Italian TV rights for the Serie A, according to local reports. Since the minimum price of €1.15 billion was not reached, private negotiations will now start with the broadcasters. The highest bid was submitted by […]
Spain’s TV group Mediapro has reached content agreements with Colombia’s Caracol TV and Brazilian TV channel Walter Abrahao. Through its subsidiary, The Mediapro Studio, the company has agreed with Caracol TV on the production of premium TV content to be distributed internationally. The first project will be the TV series Las Cheers. In Brazil, Mediapro […]