Foxtel has confirmed it will not seek compensation from Star Sports and the ICC, after the Australian Cricket Team was bundled out of the ICC Champions Trophy over the weekend.
In what has turned into a significant financial setback for Fox Sports, all 3 of Australia’s matches were effected by rain, with only one match being completed. In total Australia batted for just 75 overs, across the three matches, and will now not be involved in the finals.
Fox Sports had invested heavily in the contest securing Australian broadcast rights from Star Sports in India, which holds global rights for all International Cricket Council (ICC) events between 2015-2023.
It was hoped the Champions Trophy would attract significant viewer interest in Australia, Fox Sports even launched a dedicated channel to showcase the event. However, with the Australian team eliminated before the finals after 3 rain effected matches, ratings for the tournament have remained low.
Despite the low-ratings and disappointed advertisers, Fox Sports will be unable to secure compensation for the abandoned matches. A spokesperson for Foxtel telling DeciderTV:
“it's just one of the risks you take in entering into these contracts.”
The disappointing ICC Champions Trophy broadcast comes at a time when Fox Sports is weighing up how much to invest in securing Australian Cricket rights.
The next TV rights deal will likely see Fox Sports form partnerships with Free-to-Air broadcasters to secure a mixture of exclusive and simulcast rights for all Test Match, 50 Over, International Twenty20, and Big Bash cricket played in this country.
With the involvement of Foxtel, it’s likely the next cricket rights deal will bring in a $1 Billion windfall for Cricket Australia.