BeIN Sports Buys Out Channels From MP & Silva
DOHA – beIN MEDIA GROUP LLC (“beIN MEDIA GROUP”) announced today that it has acquired the remaining 50% of the shares held by MP & Silva of its beIN SPORTS channels in Hong Kong, Indonesia, Thailand and the Philippines.
beIN MEDIA GROUP had entered into a 50/50 joint venture with MP & Silva in 2013 but effective today will assume full control of all of its channels in the Asian market.
Full control of these channels will allow beIN MEDIA GROUP to fully implement its market strategy in the region in terms of both production, expanded programming and content. beIN’s recently acquired exclusive TV rights to La Liga, Spain’s top flight soccer league will now be available in-country on its fully acquired channels in Asia.
Commenting on the news, Nasser Al Khelaifi, Chairman and Chief Executive of beIN MEDIA GROUP, said: “Our priority is to continue expanding our reach in Asia. Our latest Australian acquisition has been very successful. Our intention is to continue in building a solid network of countries in the Asia-Pacific region and deliver world-class content and stellar sports programming in markets with high growth potential.”
Said Marco Auletta, CEO of MP & Silva: “We are very proud of what we have achieved. This JV has shown the unique capability and expertise of MP & Silva in pioneering a new way of media rights distribution in Southeast Asian markets. It has successfully created more competition in the region for the benefit of both rights holders and fans.”
Source: MP & Silva