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MultiChoice Mulls Dropping EPL, UEFA Broadcast Rights

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MultiChoice Mulls Dropping EPL, UEFA Broadcast Rights

SuperSport, broadcast rights owners of the English Premier League (EPL) in Nigeria and most of the rest of Africa, and MultiChoice, parent company to DSTV and SuperSport are considering not renewing rights for the EPL, the UEFA Champions League, when they come up for renewal at the end of the 2020/21 football season, THISDAY has learnt.

A reliable source close to the companies attributed the development to the rising cost of international sports rights and the continually falling value of the naira against other major currencies.

“It is becoming impossible to maintain many of these sports rights, especially the EPL, for Nigeria. The recent fall of the naira against the dollar has equally not helped matters,” the source said.

The company’s annual report, published at the end of last month, showed a gaping hole in its Nigerian operations, a situation the source attributed to the cost of EPL rights, as well as those for other competitions such as the UEFA Champions League to Nigeria, which is charged separate to the rest of Africa.

“Rights for the African continent used to be bought singly, but this changed in 2007 when a competitor, backed by the federal government, forced the EPL to excise Nigeria from the rest of Africa. Now, the cost of the rights for Nigeria has risen to almost the same with the rest of the continent put together, while the number of subscribers Nigeria is only about one quarter of the rest of the continent,” the source said.

The decision to reconsider the continued purchase of the EPL rights, THISDAY learnt, was not exactly new.
Two years ago, the source said, MultiChoice almost did not renew the rights because the company was having difficulties justifying the huge cost when placed side by side with what its subscribers were able to pay as subscription when compared with the rest of Africa.

According to it, “The cost of subscription in Nigeria continues to lag behind what is paid in the rest of Africa, especially in the face of the falling value of the naira. The company is approaching a situation in which it may be forced to choose between continuing to broadcast the EPL and its business survival.”

It pays about $250 million dollars for the rights to the EPL and about 100 million Euros for the UEFA Champions League, another football property the company may have to jettison if it wants to stay in business, explained the source.
MultiChoice Nigeria, according to the group’s annual report available on the company’s website https://www.multichoice.com/, is only managing to break even in spite of rising subscriber numbers that keep it only second to South Africa in subscriber count.

The results show that percentage increase in expenses exceed a percentage increase in revenues, an indication that while it is spending more on its operations, it is not making enough to keep up.
This, the source said, is attributable to the high cost of content like the EPL and UEFA Champions League.
Attempts to reach MultiChoice Nigeria for comments on this failed, as the company’s communication department continued to decline comments on its business relationship with content providers. First published in This Day.

I am Paschal Ogechi Obi Chikero . I have written and published three books , I wrote Festus Keyamo's biography- Lion In Isolation .I have been a Reality TV show Producer/Creator, an Actor and Film Script Writer.

Nigerian News

Photos Of Former Minister Of Transportation , Rotimi Amaechi , On Vacation

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Photos Of Former Minister Of Transportation , Rotimi Amaechi , On Vacation

Willy Ibimina Jim-george shared photos of Rotimi Amaechi enjoying his vacation on Facebook .

NAIJA NEWS NG reports that these are the first pictures of the former Rivers State Governor since he lost the APC Presidential Primary and got replaced as the Minister of Transportation.

 

READ : Why Chibuike Amaechi Cannot Win Even In Rivers State- Reno Omokri

The vacation photos got people talking on social media . Read their comments below :

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Nigerian Lawyer Appears In Court Dressed In Traditional Worshippers Regalia … See Why

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Nigerian Lawyer Appears In Court Dressed In Traditional Worshippers Regalia ... See Why

A Nigerian lawyer came to Supreme court yesterday, June 23, dressed in his traditional worshippers regalia.

NAIJA NEWS NG reports that this happened after the judgment of the Supreme Court delivered on June 17, that allows Nigerians express their mode of worship.

READ : ORGAN HARVESTING SCANDAL : I stand with Ike Ekweremadu – Dino Melaye

According to him, he decided to dress that way following the judgment of the Supreme Court delivered on June 17, that allows Nigerians express their mode of worship, which includes the use of hijab in schools and public places.

Nigerian Lawyer Appears In Court Dressed In Traditional Worshippers Regalia ... See Why

Nigerian Lawyer Appears In Court Dressed In Traditional Worshippers Regalia … See Why

Nigerian Lawyer Appears In Court Dressed In Traditional Worshippers Regalia ... See Why

Nigerian Lawyer Appears In Court Dressed In Traditional Worshippers Regalia … See Why

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ORGAN HARVESTING SCANDAL : I stand with Ike Ekweremadu – Dino Melaye

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ORGAN HARVESTING SCANDAL : I stand with Ike Ekweremadu - Dino Melaye

Dino Melaye, a PDP stalwart and former Senator, is the first politician and friend of Senator Ike Ekweremadu to publicly show support for him. 

NAIJA NEWS NG reports that the Kogi Politician said in a Tweet that Ike Ekweremadu notified the British authority on his trip with the boy so he stands with him.

You would recall that NAIJA NEWS NG reported that the former Deputy Senate President in a document obtained by this media platformed explained that his daughter Sonia Ekweremadu needs kidney transplant and one David Ukpo , who is 21 years old agreed to be a donor .

Nigerians React To Ekweremadu’s Organ Harvesting Scandal

The document shows that Ekweremadu applied for visa for David Ukpo on December 28, 2021.

The letter that accompanied the visa application of an alleged homeless child showed that Senator Ike Ekweremadu informed the UK authorities that he was taking the person abroad for a kidney transplant for his daughter.

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