ESPN, Star JV waiting to end

[Mansher]

Star Group wants to buy out ESPN's stake in the equal joint venture so that it gets independent control to expand its sports broadcasting business in India at a time when acquisition costs have climbed to astronomical heights. Star's ability to take risks and aggressively mop up cricket rights would be higher as it can leverage the sports property with its highly popular entertainment channels in India.

Read More: http://www.indiantelevision.com/headlines/y2k12/may/may46.php

 

[Karthik]

So may be new sports channel will be launching.

 

[Mansher]

yes but as said no compete clause means none of broadcaster can start new channels so they will find 3rd party i guess!

 

[Karthik]

Any updates regarding this ?