Diasporic Entrepreneurship in the Caribbean - Firm Profiles.pdf Vol 2 | Page 40

Creative/Cultural Firms 14. SPORTS MAX Company Background: The International Media Content Ltd (IMC) is the parent company of SportsMax, which is a regional sports cable channel. IMC started in 2002 as an Intellectual Property company acquiring rights for sports, who bought and sold these rights. At that time, there were no outlets for the sports, therefore no traditional markets were existent. IMC began broadcasting English premiere league and West Indian cricket in late 2002. Their startup market was located in Jamaica between 2002 and 2006, where they built an inventory of sports. In 2005, IMC established a Satellite channel. Bermuda was the first overseas market, followed by the Cayman Islands, Trinidad and Tobago, Barbados, the Dutch Caribbean and the French Caribbean. In 2006, IMC and FIFA had a deal to distribute to CARICOM, followed by a deal with TTFA to broadcast the run up games to the World Cup in Trinidad and Tobago. SportsMax is strategically placed within the Caribbean Entertainment Everyday Network (CEEN) which reaches the Caribbean Diaspora through programmes, such as school and professional (regional and international) sports events, entertainment shows and discussions, local television production, music events and local talk shows. The Planning Institute of Jamaica (PIOJ) has also engaged CEEN TV to provide coverage of the organization’s major events to the diaspora community. Main Products/Services: SportsMax’s model is to secure broadcast rights for various international competitions, including regional and international football (such as the Barclays Premier League, UEFA Champions League, and international matches featuring regional teams (such as the Reggae Boys and Soca Warriors). The company also broadcasts games from South America, including from Brazil and Argentina. Coverage is also provided on national, regional and international cricket tournaments, boxing, and athletics competitions. 40 Programmes carried by SportsMax include discussions and features, which not only entertain but also inform and educate the region. Importantly, SportsMax also affords exposure of talented athletes. This model allows SportsMax to utilize the revenue stream of major international competitions, particularly the EPL and international cricket, to provide the necessary inflows to allow them to record and broadcast local and national sporting event across the to the Diaspora. Employment: Sports Max currently employs approximately 74 employees, 72 based in Jamaica, 1 in Barbados and 1 in the New York Tri-state area, including New York, New Jersey and Connecticut. Target Market: SportsMax is transmitted regionally to 23 countries through cable operators in each territory, and is sold along with Fox Soccer Plus in the MaxPak, is a la carte subscription package. SportsMax’s parent, IMC, are rights holders for undoubtedly the world’s top sporting content, including international competitions such as the 2006, 2010 and 2014 FIFA World Cups, the London 2012 Olympic Games and the 2013 FIFA Confederations Cup.