Published On: Wed, Jan 22nd, 2014

David Zaslav Aiming to Increase Discovery’s Share of the World of Sport

Zaslav recently  signed a deal where the Discovery channel, which he heads, will gain controlling interest in major European sports channel Eurosport.

Discovery Channel

David Zaslav / Getty

David Zaslav, not long after signing a lucrative deal which will see him as CEO for the Discovery Channel for at least the next six years, is justifying his employer’s belief in him by raising the company stake in Eurosport, where they  now have gained the controlling interest.

The Discovery Channel based in Silver Spring, Maryland, have increased their its stake in Eurosport, owned by Societe Television Francaise 1 (TFI)’s to a controlling 51 percent up from the 20 percent stake which they acquired last year.

According to the terms of the agreement the Discovery Channel retains the acquisition rights  for  the remaining shares in the company.   Eurosport is currently valued at $1.2 billion (€902 million.)

Announcing details of the agreement David Zaslav explained that to gain control of Eurosport, the Discovery Channel will gain an advantage among strong competition, thanks to the expanded platform that the company can now provide.

“ Thanks to this agreement  Eurosport are now competing in the race country-by-county to look at every sports right, and we are not ruling anything out.” David Sass love summed up.

Discovery gaining control of Eurosport once again adds considerable credibility to the increase  value of sports broadcasting, while at the same time increasing  Discovery’s increasing presence outside of the United States.

Industry observers point to the fact that through gaining controlling interest over Eurosport, Discovery will be considerably more more competitive than they well in the past  against their particular rivals in sports broadcasting, particularly  British Sky Broadcasting Group Plc  and the British Telecom Group when bidding  for TV sports broadcasting rights in the United Kingdom as well as in mainland Europe.

 According to a statement released by the company with the new arrangement, the combined coverage that  Discovery, Eurosport and SBS, a Scandinavian sports channel which they acquired last year, will enjoy no amount to 2.7 billion  subscribers, tuning into close to  nearly 200 networks in more than 220 countries throughout the world.

Eurosport network is currently regarded as being the only pan-European sports broadcasting platform.

 

David M. Zaslav is a Jurus Doctor law degree from the Boston University School of Law.

Zaslav began his professional career as an attorney with the legal practice of LeBoeuf, Lamb, Lieby and MacRae in New York.

David began his career in the entertainment business when he joined NBC 1989, where he was responsible for equally dramatic developments within the company before leaving to join Discovery Communications Inc in 2007.

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