Sony India Demanded Rs 1,700 Crore from Tata Sky for the Renewal of Contract

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The dispute between DTH service supplier Tata Sky and Sony Pictures Networks India (SPN) appears to be getting worse with each passing day as the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has now requested each the events to quiet down the difficulty inside 4 weeks. Earlier, each Tata Sky and SPN India acknowledged that they’re open to negotiations and talks since the main difficulty for the former was pricing. The direct-to-home service supplier stated that SPN had demanded Rs 1,700 crore for the contract renewal, which of course, didn’t go effectively with Tata Sky since SPN now not has the rights to broadcast India Premier League (IPL).

TDSAT Directs Tata Sky and SPN India to Settle Down the Issue

As talked about above, TDSAT has entered the image now as Tata Sky subscribers are dealing with points with the absence of SPN channels. “…we direct each the events to take a seat throughout the desk and attempt to work out a mutually acceptable negotiated settlement inside a interval of 4 weeks from in the present day. If required the events might search an extension of the interval, TDSAT stated in its order on October 12.

The matter has been listed for November 11 for contemplating the end result of the recent spherical of negotiations which the events are to hold out in the meantime, in response to Press Trust of India.

What’s the Issue Between Tata Sky and SPN India?

Earlier this month, Tata Sky eliminated 32 channels of Sony Pictures Networks India (SPN) and three of TV Today Network on pricing points. SPN’s three-year contract with Tata Sky had expired on July 31, and the two since then have been negotiating on a brand new pricing deal.

The contract tenure between SPN and Tata Sky got here to an finish on July 31. After the talks for a negotiated settlement didn’t yield any consequence, SPN served a discover to Tata Sky on September 7, adopted by a public discover on September 10. Consequently, Tata Sky opted for an RIO-based settlement efficient September 30 midnight for ten channels.

SPN India Sought Rs 1,700 Crore for Contract Renewal

This is an fascinating facet which got here out lately. Tata Sky had identified that negotiations failed as a result of the demand was for Rs 1,700 crore and that too when the proper of telecasting IPL matches was now not out there with SPN because it has been gained lately by one other broadcaster. Under the outdated phrases, SPN was getting Rs 800 crore roughly.

So SPN India is now looking for greater than double the quantity of earlier contract worth and that too with out the rights of IPL. For the unaware, Sony India owned the rights to broadcast IPL matches for ten years since 2008. But in September 2017, Star India pipped Sony to bag the rights for 4 years- 2018-2022.

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