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TWI PART OF JOINT $170M BID FOR ENGLISH SOCCER LEAGUE RIGHTS
Published November 17, 1997
The English Premier soccer league has agreed "to a record-breaking" $170M, three-year deal with a joint venture involving IMG's Mark McCormack and French pay TV group Canal Plus for TV rights outside the U.K., according to Juliana Koranteng of the HOLLYWOOD REPORTER. The deal, which will "sell international broadcasters matches involving the league's 20 teams, almost quadruples" the $15.3M paid annually by previous rights holder CSI since '92. Although the deal has not been confirmed, the Premier League "is said to have preferred the offer" from McCormack's TWI and Canal Plus because "it promised to extend the games' reach from Europe and Australia to the much-coveted Asian market" (Juliana Koranteng, HOLLYWOOD REPORTER, 11/17).