UPDATE 1-Zee Entertainment in talks with FIFA on World Cup broadcast rights in India

Walt Disney Company

Walt Disney Company

DIS

0.00

Adds detail from paragraph 1

May 26 (Reuters) - India's Zee Entertainment ZEE.NS is in talks with FIFA to stream and broadcast the 2026 World Cup in the country, the company said in a statement on Tuesday.

  • The announcement, which provided no financial details, comes as talks between a Reliance-Disney joint venture and the football body are at a deadlock, just weeks before the tournament kicks off on June 11.

  • FIFA, which had initially sought $100 million for broadcast rights for the 2026 and 2030 World Cups in India, was last looking for no less than about $60 ​million, Reuters had reported.

  • The expected amount still far exceeds the $20 million offered by Reliance-Disney, led by billionaire Mukesh Ambani's Reliance RELI.NS.

  • Sony 6758.T also held talks but decided not to make an offer for FIFA rights for India.

  • FIFA has concluded ​agreements with broadcasters in more than 180 territories globally, it said previously.

  • Zee Entertainment disclosed its talks with FIFA as part of its launch of Unite8 Sports, a dedicated portfolio of sports channels to strengthen its sports offerings to consumers.

  • India accounted for 2.9% of the global linear TV reach of the World Cup in 2022.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.