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Star India's acquisition of BCCI media rights for a whopping price has resulted in US media conglomerate News Corp's international cable channels earnings contributions decline by 7 per cent in the first quarter ended 30 September from a year earlier.
Expenses at News Corp's cable network programming grew by 11 per cent in part due to the BCCI rights. Star India earlier this year acquired BCCI media rights for Rs 38.51 billion for six years till 2018.
News Corp has reported total revenue for the first quarter of $8.14 billion, a $177 million, or two per cent, increase over the $7.96 billion a year earlier.
Indiantelevision.com > News Headlines > BCCI rights impact News Corp's earnings from channels
Expenses at News Corp's cable network programming grew by 11 per cent in part due to the BCCI rights. Star India earlier this year acquired BCCI media rights for Rs 38.51 billion for six years till 2018.
News Corp has reported total revenue for the first quarter of $8.14 billion, a $177 million, or two per cent, increase over the $7.96 billion a year earlier.
Indiantelevision.com > News Headlines > BCCI rights impact News Corp's earnings from channels
