0
Video

Mediapro seeks court protection from creditors – report

Thursday 15 October 2020 | 10:38 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here!

Spain-based group Mediapro, the main broadcaster of Ligue 1 matches via its French Telefoot channel, is confronted by financial difficulties and has been forced to place itself under the protection of the commercial court of Nanterre, according to information gathered by Les Echos. France’s football league governing body LFP has reportedly agreed to the mediation process, while moving to take on a loan so that Ligue 1 clubs can receive their usual payments.

The media group asked publicly last week to renegotiate downward the price of the Ligue 1 broadcast rights acquired in 2018, which cover the 2020-2024 period. Mediapro president Jaume Roures said that the LFP should accept a lower payment for the current season, in view of the exceptional conditions brought about by the Covid-19 crisis.

The LFP had earlier rejected a request from Mediapro for more time to pay the latest instalment on the rights, amounting to EUR 172 million. LFP president Vincent Labrune told the French press that he expected the broadcaster to meet its financial commitments with the support of its “solid Chinese shareholder.” China's Orient Hontai Capital owns a 53 percent stake in Mediapro’s parent company Imagina.



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite / Internet
Companies: Mediapro
Countries: France
::: add a comment
This article is part of dossier

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

French football association wins court order to seize Telefoot subs from Mediapro distribution partners – report

Published 19 Oct 2020 16:38 CET | France
France's football league governing body LFP was granted a court order to seize money due to Mediapro from partners distributing ...

Mediapro wants French football league to lower price of Ligue 1 rights

Published 09 Oct 2020 13:01 CET | France
Spanish media group Mediapro will seek to bring down the price of the Ligue 1 broadcast rights acquired in 2018, which cover the ...

Canal Plus starts legal action against Mediapro over French Telefoot channel

Published 21 Sep 2020 09:23 CET | France
Broadcaster Canal Plus has decided to take Mediapro to court after failing to agree terms for the distribution of Mediapro's ...

Orange agrees distribution deal for Mediapro's French pay-TV channel

Published 09 Sep 2020 15:33 CET | France
Mediapro's Telefoot channel, airing most of the Ligue 1 football games, will become available to Orange IPTV customers on 10 ...

TF1 to support Mediapro's launch of Ligue 1 football channel with 'Telefoot' brand

Published 02 Jun 2020 16:45 CET | France
Broadcaster TF1 announced a four-year partnership with Spanish media group Mediapro, which owns exclusive French broadcasting ...

China's Orient Hontai closes acquisition of 53.5% of Spain's Mediapro

Published 27 Jun 2018 10:01 CET | Spain
Spanish broadcaster Mediapro has announced that China's Orient Hontai Capital has closed its acquisition of a 53.5 percent stake ...

Canal Plus loses Ligue 1 TV rights to Mediapro as auction raises EUR 1.15 bln

Published 30 May 2018 09:24 CET | France | Update: 30 May 2018 10:02 CET
The French football league LFP said it has awarded five of the seven packages of Ligue 1 broadcast rights for the 2020-2024 ...





Calendar   /   Industry Events

22 Oct Nordic Entertainment Q3 2020
22 Oct Limelight Networks Q3 2020
22 Oct Intel Q3 2020
22 Oct Verimatrix Q3 2020
22 Oct Econocom Q3 2020
22 Oct AT&T Q3 2020
22 Oct STMicroelectronics Q3 2020
22 Oct VeriSign Q3 2020
22 Oct Rogers Q3 2020
23 Oct Doro Q3 2020
23 Oct Orange Belgium Q3 2020
23 Oct Airtel Africa H1 results
26 Oct Harmonic Q3 2020
26 Oct Alphabet Q3 2020
26 Oct Twilio Q3 2020
26 Oct CCW Europe 2020
27 Oct Akamai Technologies Q3 2020
27 Oct Microsoft fiscal Q1
27 Oct Megacable Q3 2020
27 Oct Telefonica Brasil Q3 2020
27 Oct A10 Networks Q3 2020
27 Oct Juniper Networks Q3 2020
27 Oct Siminn Q3 2020
27 Oct Sequans Communications Q3 2020
28 Oct Belden Q3 2020
28 Oct Extreme Networks fiscal Q1
28 Oct ZTE Q3 2020
28 Oct 8x8 fiscal Q2
28 Oct Ooredoo Q3 2020
28 Oct Telecoms World Asia 2020
::: More Calendar Items