UK Soccer’s Premier League Terminates $747 Million Contract With China’s PPTV
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variety.comRebecca Davis editorThe Premier League, the leading U.K. soccer division, has terminated its massive $747 million TV rights contract with China’s PPTV two years early due to unpaid payments, it said Thursday.
The move takes effect immediately, meaning the Chinese streaming platform PPTV can no longer show live games.The 2016 deal signed between the Premier League and PPTV was the League’s largest overseas TV deal ever at the time, and gave the Chinese firm rights to live content over three seasons from 2019 to 2022 through free-to-air and subscription distribution.
The termination of the contract just one season in comes in the wake of British reports from August that the China side had failed to pay a $212 million installment due in.
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