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BeIN seeks $1bn ‘piracy’ compensation

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  • nagrastar
    started a topic BeIN seeks $1bn ‘piracy’ compensation

    BeIN seeks $1bn ‘piracy’ compensation

    Advanced Television
    2 Oct 2018 [ Regulation ]

    Global sports and entertainment media group, beIN Corporation (beIN), has launched an international investment arbitration against the Kingdom of Saudi Arabia for damages totalling more than $1 billion (€0.87bn), claiming it has unlawfully been driven out of the Saudi market and subjected to what has been described as the most widespread piracy of sports broadcasting that the world has ever seen. The landmark case is the only known investment arbitration ever to be brought in connection with State-supported illegal broadcast piracy. The arbitration is being commenced following universal public condemnation of the Saudi-based pirate TV channel beoutQ which – beIN alleges is in tandem with Riyadh-based satellite provider Arabsat – has orchestrated a plague of piracy on world sports and entertainment over the past year.

    Read the full article here...

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