India, US, Japan to hold Malabar naval exercise in Philippine

first_imgSeaNew Delhi, Mar 2 (PTI) India, the US and Japan will hold this years Malabar naval exercise in the northern part of the Philippine Sea.Chief of US Pacific Command Admiral Harry Harris said, “I think it is going to be held in the northern part of the Philippine Sea. I think including another high-end military power like Japan in Malabar increases the complexities and allows India and US to work with Japanese.”Speaking at a seminar here, he added that the exercise is an important element for assessing the maritime capabilities of all the three countries.Harris said everyone has a vested interest in ensuring the region remains secure, stable and prosperous.He pointed out that USD 5.3 trillion in trade passes through the Indian Ocean and South China Sea each year.”How Indo-Asia-Pacific nations employ naval forces to support these economic interests matters greatly,” he said.Reacting sharply to Indias move in December last year of including Japan in the Indo-US Malabar naval exercises on a permanent basis, China had said it is hopeful Tokyo will not “provoke confrontation” and “heighten tensions” in the region.China is in a territorial dispute with Philippines, Malaysia, Brunei and Vietnam over the South China Sea. There are overlapping claims over the waters. PTI SAP PVI PAL PVIlast_img read more

Cricket insurance booms after players scramble to protect IPL riches

first_imgThe Spin: sign up and get our weekly cricket email. Twenty20 Overseas cricketers in the Indian Premier League have been scrambling to insure themselves for massive sums because the rewards are greater than ever. Share on Pinterest Since you’re here… Share on Twitter Topics “There has never been a better time to be a cricketer. A huge amount of money has come into the game but in 10 or 15 years’ time it will be like football. People will think: ‘I can’t believe they only earned $1m 15 years ago’ – when come 2030 it will be more like $4m-$5m.”This year’s IPL tournament, which includes England’s Johnny Bairstow and Sam Curran, will not be shown on Sky Sports after Star TV UK confirmed it had the rights. Fans can also watch the tournament via the Hotstar streaming service that costs £11.99 a month. Share on Messenger Sign up to the Spin – our weekly cricket round-up Cricket Reuse this content Support The Guardian IPL players earn more for one match than in any other sport in the world – with the recent global sports salary survey suggesting they receive a pro-rated £274,624 per game on average, far ahead of the NFL (£138,354) and the Premier League (£78,703).However, with players’ payments structured so they get 50% of their salary merely for showing up fit for the tournament, several players from England, South Africa and the West Indies have recently taken out personal insurance against injury in other matches that would jeopardised their IPL income.One company, Vantage Sports Finance, said that such insurance policies had mushroomed from one or two before the IPL last year to a “significant number”this year.“In the last month, our cricket business has underwritten more than 20% of the total value of all the overseas players’ contracts from England, West Indies and South Africa – a figure more than $4m,” said the chief executive of Vantage, Paddy O’Clery, adding that most players were not aware they could insure themselves this way until recently.“Players have become much more clever and informed,” O’Clery said. “They know that once you have been auctioned, you are entitled to half the fees for the tournament if you arrive fit and ready to play. And that if they injure their knee, say, during a Test or one-day series beforehand and aren’t able to play, they could easily forfeit a six or seven-figure sum.”Michael Vaughan, who is a nonexecutive director of Vantage and has been advising some cricketers on the issue, said players were only being sensible given some earned more in an eight-week stretch playing in the IPL compared to their income for the rest of the year. Share on WhatsApp Share on LinkedIn Share on Facebook Share via Email The former England captain said: “There is serious money to be made in IPL these days – not only through playing but with huge commercial contracts for those players who do well, so it’s only sensible to get insured.”Vaughan predicted that such insurance policies would become even more common as more players became cricketing free agents, focusing solely on the white-ball game. “It is fully justifiable to me,” he added. “I am a Test cricket diehard, I love the game and if you can play all three formats, great. But I wouldn’t blame players coming up if all they only focused on the shorter formats, because there are so many more opportunities out there.“These days I wouldn’t argue against any young kid who said: ‘I am just going to focus on the white-ball game.’”However, Vaughan insisted that he certainly didn’t think Test cricket was dead – yet. “I see it going from five days to four days to shorten it and make it a bit more impactful, and I am sure there will be more monetary rewards coming to Test cricket with the cricket championships starting in September,” he said. Read more … we have a small favour to ask. More people are reading and supporting The Guardian’s independent, investigative journalism than ever before. And unlike many new organisations, we have chosen an approach that allows us to keep our journalism accessible to all, regardless of where they live or what they can afford. But we need your ongoing support to keep working as we do.The Guardian will engage with the most critical issues of our time – from the escalating climate catastrophe to widespread inequality to the influence of big tech on our lives. At a time when factual information is a necessity, we believe that each of us, around the world, deserves access to accurate reporting with integrity at its heart.Our editorial independence means we set our own agenda and voice our own opinions. Guardian journalism is free from commercial and political bias and not influenced by billionaire owners or shareholders. This means we can give a voice to those less heard, explore where others turn away, and rigorously challenge those in power.We need your support to keep delivering quality journalism, to maintain our openness and to protect our precious independence. Every reader contribution, big or small, is so valuable. Support The Guardian from as little as $1 – and it only takes a minute. Thank you. news IPL Read more Shane Warne says revitalised Australia can pull off World Cup shocklast_img read more

Who has the rights A look at how streaming services are confusing

first_imgTORONTO — Marie Conception was three seasons into the TV series “Gossip Girl” when Netflix yanked the entire show from its lineup. Advertisement Login/Register With: How long a streaming licence lasts will vary depending on the show or movie. Many contracts are signed for around a year, especially for films, which guarantees services like Netflix have a steady rotation of content from some of Hollywood’s big studios. Netflix brands a selection of its content as “Netflix Originals” even though it doesn’t actually own all of them outright. Both “House of Cards” and “Orange is the New Black” are owned by outside studios who licence multi-year windows to the streaming service. Those contracts between a streaming company and a TV or film distributor are nothing new — they exist for traditional broadcasters, too. But in an era where many people stream much of their entertainment, what’s available is suddenly a bigger part of the conversation. The frustration is all too familiar for many TV viewers. You’re invested in “Mad Men” or “The West Wing” when the shows suddenly disappear from streaming services overnight. Fans still complain about how “Lost” can’t be found, and “Friday Night Lights” went dark. Left hanging in the middle of the teen drama’s juicy plot twists, the Burnaby, B.C. resident says she questioned why she signed up for Netflix in the first place. For instance, viewers have urged Netflix Canada to stock up on past seasons of “Game of Thrones,” but the blockbuster TV show is owned by HBO, its biggest competitor. Bell Media owns the licences the HBO content in Canada, but hasn’t made them available on any standalone streaming service. Advertisement The confusion over where to watch their favourite TV shows isn’t likely to subside for Canadians any time soon. Next year, CBS Corp. plans to enter the market with CBS All Access, potentially holding onto certain licences for TV shows it has a stake in, including “The Big Bang Theory.” When Disney rolls out its streaming platform in the coming years, there’s a good chance it’ll eventually keep its most valuable new content for itself, rather than license it to Netflix Canada. Those negotiations are still open, and Netflix could make Disney an offer too attractive to refuse. TV series can have an even longer licence that stretches for several years and covers a number of seasons. Sometimes, those rights switch to another service; other times they expire and disappear into the digital ether, especially in Canada where many popular shows aren’t available to stream. But streaming companies might have some explaining to do when the licenses for some of their “original series” end in the coming years. Advertisement Confused yet? Things get even more complicated when you turn to Netflix Canada, who bought licences for TV series like “Riverdale,” which appear on the platform shortly after they air on U.S. television. Twittercenter_img The reason TV shows or films are removed from streaming platforms can vary, though it almost always comes down to content licensing “windows,” the set periods of time a company gets the rights for a program. “You commit to purchasing Netflix or CraveTV because they have certain shows,” she says. “It’s a little upsetting when they pull stuff out for whatever reason.” Josh Scherba, executive vice-president of distribution and content at DHX Media, says the Toronto-based kids TV maker watched the value of its shows climb over the past five years as more streaming companies bulked up their virtual shelves. With more companies entering the market, the bidding increases. Once those terms end, the shows are free to be sold elsewhere, which means they will almost certainly land on broadcast TV or other streaming platforms. It’s already happened with Amazon Original series “Transparent,” which began airing on cable channel Showcase earlier this summer. “At the end of the day, if we do our jobs well enough, we’re renewing content that has a consumer appetite and reinvesting in new content,” he says. Mike Cosentino, senior vice-president of content at CraveTV, often hears the message loud and clear when he makes the call on what to stock on Bell Media’s platform. Those licences aren’t cheap, and the battle for content is getting more expensive. LEAVE A REPLY Cancel replyLog in to leave a comment But it isn’t always up to CraveTV, Netflix or Amazon Prime Video which entertainment they can license. “We think for the foreseeable future that’s going to continue,” Scherba says. “They do this weird thing where they sometimes take (a TV series) out, but they bring it back a few months later,” she says. “But with ‘Gossip Girl’ they didn’t.” All of these decisions are part of ongoing talks that don’t affect viewers until they notice something has gone missing from their streaming library. None of these shifts make it any easier for viewers to figure out where shows like “Gossip Girl” can be seen these days. Some websites like justwatch.com aim to help streamers find what they’re looking for. But that didn’t give Conception any idea if the show was returning to Netflix. Ultimately, consumers will probably foot the bigger monthly bill. Netflix Canada is already raising its monthly subscription by a dollar or two saying it’s partly due to rising costs for buying content and making its own original series. Facebook She eventually gave up and bought the show on DVD.by David Friendlast_img read more