By Mihir Shah
In the latest issue of India Intelligence & Insights, we evaluate media successes and near-misses in one of India’s biggest non-cricket events, the Fifa World Cup.
Sony Pictures Networks India, a distant second behind Star in sports media, has got some of its mojo back with strong ratings and revenue from football’s biggest competition, which has just finished in Russia.
According to estimates from Media Partners Asia (MPA), Sony raked in Rs1.75 bil./US$27 mil. in advertising (80% from TV, 20% online) from this year’s tournament, after paying an estimated US$30 mil. for TV and digital rights.
This will serve as a confidence boost for the network, which has come under severe stress, the sports cluster in particular, after losing two major cricket properties – the IPL and BCCI – to archrival Star. A decent Fifa World Cup signals that Sony can still carve out its own position in India’s sports media duopoly.
- Football’s biggest tournament played well for Sony in India
- Games aired in prime-time drew in plenty of fans and advertisers
- However, full ad potential dented by limited reach, telco syndication
To find out more, please get in touch with Lavina Bhojwani