Jasmine International has secured the rights to broadcast the English Premier League for at least three years for $360 million, starting with the 2025-26 season. Jasmine is replacing TrueVisions as the Premier League’s broadcasting partner in Thailand, Cambodia, and Laos.
The broadcasting rights for Jasmine include live game coverages, replays, and highlights for the 600,000 customers who subscribe to the Jas service. The previous Premier League and TrueVisions deal was valued at $202 million.
Jasmine considerably outbids TrueVisions, with an additional option for the Premier League to decide if they extend for an extra three years with Jasmine International. The deal soars to $866 million for a six-year broadcasting deal.
Since the broadcasting rights acquisition confirmation, Jasmine’s shares have increased by 8.4%. The target is to increase the 600,000 customers to 3 million customers out of a total population of 96 million during the first year of the Premier League coverage.
The commercial significance highlights the growth and rise of the Premier League within the Southeast Asia region. There is a growing competitive market for Asian broadcasters to get a hold of quality football leagues to broadcast.
Streaming platforms continue to splash the cash to broadcast sports. Football has again secured another significant financial boost with the MLS on Apple TV and the Premier League expanding to three Southeast Asian countries.
If football continues on this trajectory, there are still many countries with streaming platforms ready to follow suit as Jasmine did if they manage to succeed in their target aims of the Premier League broadcasting deal.
The three-year deal with a further three-year extension in the Premier League’s favour allows them to be flexible in reaching a new agreement with a rival of Jasmine if the broadcasting deal achieves mass customer growth. If Jasmine’s ambitious move does not achieve the expected target, the Premier League will be secure.
It holds all the power in this deal but will still receive significant financial gain if Jasmine’s competitors are not interested in broadcasting the Premier League after three years.
Many streaming platforms and broadcasters in the Southeast Asian region will watch this deal’s significance, and if Jasmine International is successful, fierce competition will be on the horizon.