Premier League cancels Chinese streaming contract | Pay-TV | News | Rapid TV News
By continuing to use this site you consent to the use of cookies on your device as described in our privacy policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. [Close]
Having only narrowly avoided a huge hit to its finances due to repayment to broadcasters following the postponement of the league schedule in March, the English Premier League (EPL) has taken a two-footed blow with the early cancellation of its steaming rights contract in China with PPTV.
Premier League Liverpool 4 Sep 2020 lands
In 2016, the Suning Holdings subsidiary inked a contract to stream the Premier League in China from 2019 to 2021 in a deal with $700 million. However, in March 2020 PPTV is said to have withheld at £160 million instalment on the contract just as the schedule was mothballed due to Covid-19. The dispute between the two parties has rumbled on since and now the EPL is said to have has cut its losses and cancelled the contract.

Neither the EPL nor Suning have commented officially on the action. It has been reported that the EPL is seeking an alternative to PPTV and the loss of revenue comes only weeks after it agreed to refund UK pay-TV broadcasters Sky and BT for subscription revenues that it has lost since action disappeared from UK screens.

At the beginning of June 2020, EPL clubs agreed to an arrangement with the UK broadcasters to repay £223 million with as much as £170 million deferred until the 2021/22 season.