MUMBAI: Zee-controlled Taj Television Limited has sealed fresh eight-year deals with two cricket boards for around $200 million, ensuring that its content stays rich as it seeks to scale up revenues from its sports broadcasting business.

The Cricket South Africa (CSA) television rights, pocketed for a price close to $180 million, will be one of Taj Television?s key properties. It will provide around 300 days of cricket, including two India tours.

"It is good that the South Africa rights has gone to a broadcaster who needed it the most. Otherwise, there would have been a big hole in the content of Ten Cricket (one of the channels that Taj TV owns and operates)," said a senior executive who was earlier with Taj Television.

The South Africa rights had earlier fetched $75 million for five years (One year and then four-year extension).

"The value of the South Africa property has increased. Along with England and Australia, it looks likely that India will send its full-team strength to these three countries," said the executive on condition of anonymity.

The period through to 2019-20 will have 48 days of India cricket, including six Tests, 14 ODIs and 4 T20s.

CSA has sold the eight-year exclusive media rights to Taj Television and Willow TV for a record $202 million, indicating that the cricket broadcast rights market is booming. While Taj Television gets Asia and the Middle East, the rights agreement with Willow TV covers the US, Canada and Mexico.

"There is a price escalation but the positive thing is that these are long term rights," said a media buyer.

Taj Television has also renewed Zimbabwe rights for eights years for $20 million, according to sources. The four-year rights had earlier fetched $6 million. A smaller board, Zimbabwe will give the sports broadcaster 147 days of cricket including a single India tour.

Taj Television is looking at renewing rights of three more cricket boards - Pakistan, West Indies and Sri Lanka.

"Our broad strategy is to have over 200 days of cricket every year so that we can ramp up subscription revenues. It is important to build a reliable cricket platform with quality and volume of content. We have also got other strong sporting properties," said Taj Television India CEO Atul Pande, while declining to comment on any financials.

The competitive environment will only help content costs climb. "Acquisition prices are set to rise as these rights open up in 2012-13. Multi Screen Media (formerly Sony Entertainment Television India) is keen to launch a sports channel. Though it has Indian Premier League (IPL), it needs more cricket content. It will have to bid aggressively. Outside these three boards, ESPN Star Sports has England and Australia which are also coming up for renewal," said a senior sports marketing official.

Cricket boards are living in a dynamic economy where values are shifting. "New Zealand and Bangladesh boards seem to have lost some value during this period," the sports marketing executive added.

MUMBAI: In a sign that the cricket broadcast rights market is booming and the fact that the older formats of the game are very much viable notwithstanding the rise of the Twenty20 format, Cricket South Africa (CSA) has announced its biggest ever commercial broadcasting deals.

It has made a record R1.5-billion ($202 million) in broadcasting deals following the sale of its exclusive media rights, of the Proteas? home matches, to Zee-controlled Taj Television and Willow TV International.

The agreements cover the South African cricket seasons, including two India tours, over an eight-year period from 2012-13 through to 2019-20.

Taj Television will cough out $180 million for the exclusive media rights covering Asia and the Middle East compared to $75 million that it had paid last time for the four-year rights, according to market estimates.

The exclusive media rights agreement with Willow covers the US, Canada and Mexico.

CSA CEO Gerald Majola noted that this was the biggest deal that CSA had ever concluded. He added that it is probably one of the biggest in the history of South African sport. "It amounts to a combined sum of around R1.5-billion and gives both Taj Television and Willow TV exclusive rights in their respective geographical regions to all home matches played by the Proteas over a period of eight years. It is once again confirmation of the high regard in which the Proteas? brand and CSA is held internationally. The contracts cover the period from the start of next season (2012) and will run through to 2020."

Majola said at a time of great global uncertainty as far the world economy is concerned, it is very exciting for CSA to note that one of its major income streams is guaranteed over a long period of time.

Sources also said that Taj Television has renewed Zimbabwe rights for eights years.

With the acquisition of these cricket rights, Taj Television has broadcast rights of five cricket boards: South Africa, Pakistan, West Indies, Sri Lanka and Zimbabwe.

Taj Television had acquired the Cricket South Africa rights five years ago, first with a one-year deal, and then extended to another four years.