Sony Entertainment (now Multi Screen Media) CEO Kunal Dasgupta has put in his papers at the height of the BCCI-Sony controversy over their respective sponsorship deals. Mr Dasgupta is leaving the company with immediate effect, his last day being today (February 19).
Mr Dasgupta confirmed the development to ET. "Yes, today is my last day at Multi Screen Media." Asked about where he was headed for, Mr Dasgupta said: "I have not yet made up my mind."
Mr Manjit Singh, chairman on the Multi Screen Media (MSM) board, has been named interim CEO, till a replacement for Mr Dasgupta is found.
Mr Dasgupta's resignation comes at a time when the controversy between Board of Control for Cricket in India (BCCI) and MSM is at its peak. BCCI has asked MSM to compensate the Rs 137-crore loss the board has suffered on account of its on-ground deal with Reliance ADAG-owned Big TV being called off.
BCCI has asked Sony to convert Bharti Airtel's exclusive on-air Rs 30-crore deal as a presenting sponsor to a consolidated ground and on-air deal. Sony officials are now under pressure to either ensure Airtel also comes on board as IPL's on-ground sponsor or pay IPL Rs 137 crore for the damage that IPL has suffered.
Sony had earlier inked an exclusive Rs 30-crore on-air deal with Bharti Airtel as a presenting sponsor for DTH broadcasts. Big TV, which had picked up ground rights sponsorship, had objected to the Sony-Bharti deal and later terminated the deal. BCCI is blaming Sony for this turn of events. The board has told Sony that it may terminate the broadcaster's IPL rights if the money is not paid up. This is because BCCI feels that it was after Sony's deal with Airtel that Reliance-ADAG walked out of the IPL deal.
Mr Dasgupta confirmed the development to ET. "Yes, today is my last day at Multi Screen Media." Asked about where he was headed for, Mr Dasgupta said: "I have not yet made up my mind."
Mr Manjit Singh, chairman on the Multi Screen Media (MSM) board, has been named interim CEO, till a replacement for Mr Dasgupta is found.
Mr Dasgupta's resignation comes at a time when the controversy between Board of Control for Cricket in India (BCCI) and MSM is at its peak. BCCI has asked MSM to compensate the Rs 137-crore loss the board has suffered on account of its on-ground deal with Reliance ADAG-owned Big TV being called off.
BCCI has asked Sony to convert Bharti Airtel's exclusive on-air Rs 30-crore deal as a presenting sponsor to a consolidated ground and on-air deal. Sony officials are now under pressure to either ensure Airtel also comes on board as IPL's on-ground sponsor or pay IPL Rs 137 crore for the damage that IPL has suffered.
Sony had earlier inked an exclusive Rs 30-crore on-air deal with Bharti Airtel as a presenting sponsor for DTH broadcasts. Big TV, which had picked up ground rights sponsorship, had objected to the Sony-Bharti deal and later terminated the deal. BCCI is blaming Sony for this turn of events. The board has told Sony that it may terminate the broadcaster's IPL rights if the money is not paid up. This is because BCCI feels that it was after Sony's deal with Airtel that Reliance-ADAG walked out of the IPL deal.
Article Source:http://economictimes.indiatimes.com/Corporate-Announcement/Sony-CEO-Kunal-Dasgupta-resigns-at-height-of-IPL-controversy/articleshow/4154332.cms
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