Revolution? Cricket heads behind the paywall

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Via the AFR:

Cricket Australia is poised to sign a $1 billon plus broadcast deal with Foxtel and Seven West Media, beating out incumbent partners Network Ten and Nine Entertainment.

The landmark decision from Cricket Australia to put a huge chunk of its sport behind a paywall will see limited-overs international matches, both 50 over and Twenty20 forms, taken off free-to-air television for the first time in 40 years.

International limited overs cricket involving the Australian team played locally is on the anti-siphoning list, which dictates the sports free-to-air networks have first rights to bid on it. Foxtel needed a free-to-air partner in order to do a deal, but there is a question regarding 50 over and Twenty20 international matches moving exclusively onto pay TV.

That must surely mark some milestone in the process of capitalism engulfing culture.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.