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  • MANCHESTER UNITED TEAMS WITH BSKYB AND GRANADA ON TV CHANNEL

              Manchester United will establish its own TV channel,
         according to Patrick Harverson of the FINANCIAL TIMES. 
         United CEO Martin Edwards said the team will set up MUTV in
         a joint venture with BSkyB and the media group Granada. 
         Under the deal, BSkyB and Granada "will provide the bulk" of
         the $16M-plus "development costs of the channel, which will
         be sold to subscribers via digital and satellite services
         from next autumn.  The three partners will share income from
         the venture equally, while United will also receive a
         royalty on every subscription sold" (FINANCIAL TIMES, 10/1).
              REAX: The TIMES' "Lex" column writes that since the
         United does not hold rights to live telecasts of its current
         games, the "channel will have to survive on the thin gruel
         of classic re-runs, player interviews and reserve games." 
         Early annual revenues are not expected to exceed more than
         $4.8M.  The channel's "true worth will become evident only"
         when the Premier League's TV contract with BSkyB is
         renegotiated.  That will allow United to gain in a new deal
         or "strike out on its own" (FINANCIAL TIMES, 10/1). 
    
    

    Print | Tags: BSkyB, English Premier League, Finance, Manchester United
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