The Indian cricket board (BCCI) has terminated its deal with Nimbus Communication for not paying dues.
The decision was made at a meeting earlier this week Monday after Nimbus failed to agree to the BCCI’s terms that it pay 50 per cent of each months stipulated amount 30 days prior to commencement of the recently concluded West Indies series.
Nimbus held the rights for India home matches, a deal which was renewed for four years last year. The deal was worth around Rs. 20 billion.
Since the news emerged rival broadcasters such as ESPN, ZEE-TEN Sports and Multi Screen Media (Sony TV) are watching carefully so they can move for the rights. Nimbus, however, said in a media statement that the company is working towards achieving full resolution of any differences with the BCCI and is hopeful of a reasoned conclusion in the coming weeks.
Nimbus operates Neo Cricket and Neo Sports in India.