Tuesday 17 April, 2012
Trading Update - UTV Media plc
talkSPORT Secures Barclays Premier League Global Audio Rights
UTV Media plc ("UTV" or "the Company") is pleased to announce that talkSPORT
has agreed a deal with the Premier League for an exclusive package of
international audio broadcasting rights for the next four football seasons (the
"Agreement"). The deal will see talkSPORT become a global audio partner of the
Premier League and broadcast commentary outside Europe on all 380 Barclays
Premier League games in multiple languages, including English, Spanish and
Mandarin in what is the biggest development for the station since its launch.
From August 2012, sports fans outside Europe will have access to a new global
audio service from talkSPORT offering unparalleled access to Premier League
football, alongside other relevant sports audio, with distribution via the
internet and mobile apps. talkSPORT also intends to establish a network of
global radio partners in markets such as Asia, North America and Africa.
talkSPORT is already an official broadcaster of the Barclays Premier League in
the UK, broadcasting 64 games a season. talkSPORT is already in discussions
with a number of potential commercial and distribution partners for the
Launched in 2000, talkSPORT is the world's largest dedicated sports radio
station with an audience of over 3.2 million adults and was named Sony Radio
Academy Station of the Year in 2011.
Production of the international output will come from expanded studios at
talkSPORT's existing premises in London and the station will also increase its
editorial and commercial teams. UTV will use its New Media division, primarily
through Tibus and Simply Zesty, to assist in the delivery of the project by
providing digital marketing and technical expertise.
The project will also be supported by appropriate investment from UTV, with set
up and pre-launch costs expected to be in the region of GBP0.8 million. The
Agreement is expected to result in the service making a loss in the first year
of operation of approximately GBP1.0m, with breakeven expected in the second year
and the service is expected to be profitable thereafter.
Scott Taunton, Chief Executive, talkSPORT said:
"This is a huge development for talkSPORT which builds on the significant
progress the station has made in the UK in recent years. I'm really excited
about the potential for talkSPORT as a global brand, invoking the same passion
in listeners and advertisers overseas as it does in the UK. We'll be expanding
our London office studio and production space and I can't wait to see the buzz
John McCann, Group Chief Executive, UTV Media plc said:
"Since UTV acquired talkSPORT in 2005, we have invested significantly in sports
rights and presenters to successfully reposition talkSPORT as the brand leader
for sports audio content in the UK.
"Today's agreement with the Premier League is part of UTV's strategy to market
talkSPORT globally. We look forward to building on talkSPORT's reputation for
quality sports content with international audiences and advertisers alike,
backed up by UTV's expertise in global digital delivery."
Premier League Chief Executive, Richard Scudamore, said:
"We are extremely pleased to enter into a new international agreement with
talkSPORT and welcome them as our new global audio rights partner.
"talkSPORT currently offers excellent Barclays Premier League radio commentary
coverage in the UK and we look forward to that being available to millions of
fans across the globe with English, Spanish and Mandarin broadcasts in
territories outside of Europe for four seasons from 2012/13.
"As we're seeing in the closing stages of this season the Barclays Premier
League is a compelling competition and radio rights are important to ensuring
that as many fans as possible can follow the League and their club."
For further information contact:
Tom Buchanan/Rowan Brown +44 (0) 20 7379 5151
UTV Media plc
John McCann Group Chief Executive +44 (0) 28 9026 2202
Norman McKeown Group Finance Director +44 (0) 28 9026 2098
Orla McKibbin Head of Communications +44 (0) 28 9026 2188