beIN Media Group CEO Issues Warning over TV Rights Bubble
In the recent Leaders Conference the keynote address by the CEO has created much stir. He has addressed the complications due to the bubble that has been created by the TV right owners. The CEO, Mr. Yousef Al-Obaidly, has mentioned about all the aspects that have made the whole football right ownership issue all the more dire in the eyes of the listeners. The present situation is quite complicated in case of TV rights ownership and to get out of the grim situation, the options are quite open.
What He Said
Mr. Al-Obaidly mentioned at the conference that the laziness of the TV owners have been avoiding the facts for a long time and that has made the whole TV right and broadcasting process to a greatly complicated situation. Although the TV right owners look for exclusive rights, there are chances that the matches get also telecasted into the online streaming lines where mostly piracy has taken over. Addressing this problem by strict anti-piracy options is an essential part which has made the whole Problem open to all now. At the same time Mr. Al-Obaidly has made it clear that there are hardly any chances left where uh the TV right owners can get share market open and safe in every possible way in the coming years. It has to be taken into consideration that new rival channels and online streaming apps have come forth to challenge their exclusive rights.
The reception
However his warning was not taken very lightly and very appreciatively by the TV right owners. They have their objections regarding search warnings as these warnings eventually e becomes harmful in the whole business process. They have very specifically mentioned that search warnings only provide into the business process as a result of which the Businessman collapse for a long time. However the experts agree on the fact that the whole scenario as discussed by Mr Al-Obaidly is very much genuine and the reactions of the TV right owners further support that view only.
Clear View
The CEO has also made it clear that there were previous examples of how a market collapses because of wrong decisions taken over piracy issues. However according to him, the industry has not learnt any lesson out of that incident as a result of which they are suffering now. She want that in the coming days father complications will hit the market due to this kind of negligence. You can visit http://www.insideworldfootball.com/2019/10/08/worst-nightmare-beins-al-obaidly-tells-sleep-walking-rights-owners-tv-bubble-burst/ to know more about it.
Last words
However he did not finish the speech without any kind of solution. He clearly mentioned that immediate steps are much necessary to ensure a piracy free media that can sustain healthy market growth in the long run.