Nimbus Communications, the telecast rights holder for cricket matches in India for five years, has proposed a one-third reduction in the fee by $180 million.
As per the current arrangement, Nimbus Communications has to pay the Board for Control of Cricket in India $612 million or about Rs 2,755 crore (Rs 27.55 billion) for the five year period (2006-2011).
A meeting between the BCCI and Nimbus Communications will take place in Mumbai tomorrow. If accepted by BCCI, Nimbus will have to pay about Rs 2,000 crore (Rs 20 billion) instead of Rs 2,755 crore, for the five year period, sources said.
Nimbus's demand is a direct result of the law enacted by the ministry of information and broadcasting that makes it mandatory for all private sports channels to share their signals with Doordarshan on all platforms.
Nimbus claimed that unencrypted signals used by Doordrshan were being picked by operators in West Asia and South-East Asia illegally.
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