WatBlog Newsletter Archive: WATBlog Update There are 2 new posts in "WATBlog.com - Web, Advertising and Technology Blog in India"

Friday, October 31, 2008

WATBlog Update There are 2 new posts in "WATBlog.com - Web, Advertising and Technology Blog in India"

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Champions League T20 website rights bagged by Global Cricket Venture
UTV Q2 Results - Net Profit Up 86%, Bullish On Gaming & Internet
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There are 2 new posts in "WATBlog.com - Web, Advertising and Technology Blog in India"

Champions League T20 website rights bagged by Global Cricket Venture

Lalit Modi (the man behind IPL T20) recently announced the launch of the Champions League T20 which brings the best T20 teams across the world together in one tournament. The tournament will be kicked off on the 3rd of December and will go on till the 10th.

The rights to the Champions League T20 site has been won by Global Cricket Ventures which is a joint venture between Live Current Media and NetlinkBlue. According to this agreement, Global Cricket Ventures will build, manage and monetise the official website of the Champions League Twenty20 for a period of 10 years.

Even earlier Global Cricket Ventures had won the rights to manage and monetise the BCCI.tv website which launched recently and also the IPLT20 website which was phenomenally popular during the IPLT20 series.

The big problem for Global cricket ventures would be which domain name would the site be hosted on as domain squatters seems to have books all the possible domain combinations for champions league T20.

For example championsT20.com, Championsleaguetwenty20.com and even clT20.com which is very much like their iplt20.com are already booked by domainers who plan to make money with these domains or are hoping that Global Cricket Ventures buys them. There is no news from global cricket ventures as to which domain would the champions T20 site be launched.

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UTV Q2 Results - Net Profit Up 86%, Bullish On Gaming & Internet

UTV Consolidated results for Q2 are out and net profit us up by 86% to Rs.32.8 crores from Rs.17.6 crores. The key highlights of the results are the comments made by UTV Chairman & CEO Ronnie screwwalla on gaming and internet businesses. More in the release.

Ronnie Screwvala on Gaming

"In the Interactive business segment, both our acquisitions of Ignition and Indiagames are on target
that was set out for the current fiscal. Indiagames has witnessed a consistent quarter on quarter
growth, where as we anticipate second half of this fiscal to be extremely buoyant for Ignition. During
the quarter we also acquired an online gaming company in US, True Games to complete our offering
from Gaming standpoint. This completes our capabilities to develop, publish and deliver gaming
content across all consoles, online and mobile platforms."

Ronnie Screwvala on Internet Business

"New Media business segment focuses on digital distribution of content over Web and Mobile. We
have aggregated an enviable content catalogue of music from across the country, which has delivered
phenomenal results in just few months of operations. Other, notable venture as part of this business
has been the launch of our business and finance portal UTVi.com, which has been rated as #2
finance and business portals in the country. Overall, the entire business segment shows immense
promise in just few months of operations."

The quarter also meant that Disney’s strategic investment of 1.18 billion $ in UTV’s broadcasting business was now complete. Though the separate results for these businesses are still not out these statements point to more investment in this space. We will be getting in touch with UTV next week to get you more dope on these statements and their future strategy in gaming and internet. So stay tuned!