Last week, fans of the English Premier League in the Caribbean may have been thrown off by the announcement that television rights to the most watched football league in the region would be going to VertiCast Media Group Ltd for the next three years.
Many would assume, that fans of the league would once again have to adjust subscriptions as they had done when Flow acquired the rights in 2015 or when Digicel and Flow split the rights in 2018, especially with VertiCast being a new name in the ring.
However, according to VertiCast president and CEO Oliver McIntosh, your premium subscription may not be void just yet as the company is hoping to make the product as widely available as possible.
“What our vision is, is to distribute and present that content in ways that it hasn’t been done in previous times to a much wider audience. So by way of example, when I say that I mean that, you know, content like the Premier League and other premium content like that has only been available to a smaller percentage of the market, not the wide market, because of how it was broadcast,” said McIntosh, who explained VertiCast planned to spread the viewing of the league across various platforms.
He said, “Our vision is to increase that viewership by allowing it to be broadcast on a combination of traditional media. By broadcasting on traditional media that doesn’t require any premium service or premium access as well as on premium services. In addition to that, you know, we are building our own digital media offering and our own architecture behind that. So the way that we will offer it to the public, We think will not only drive uptake in digital media, but also drive the audience on digital media.”
This emphasis on expanding the availability of the product was key to their successful bid to secure the highly coveted rights.
In the release which announced VertiCast as the new holders of the rights, Paul Molnar, Premier League chief media officer stated, “We believe VertiCast is ideally suited to show Premier League matches across the Caribbean and fans will benefit from VertiCast’s broad distribution plan across multiple platforms. VertiCast will help us to maximise reach and viewership and to further grow the Premier League fan-base in the region.”
The release emphasised that the new rights holder of the Premier League has committed to a broadcast plan that allows maximum reach to ensure it remains the most watched and most followed.
McIntosh confirmed premium channel subscriptions would remain a part of the process as they worked to transform how content is consumed within the region.
“We’re definitely not moving away from pay-TV or our premium services. What we’re looking to do is compliment the way it’s done currently. So we just think that combination of traditional media alongside pay-TV, cable and trying and structuring a way on digital media that allows for the average person to view the Premier League and you know that doesn’t take place as much as it should right now. And we think we have come up with some ways that we can do that,” he said.
He admitted the region presented a different challenge compared to some of the larger markets, but he expressed confidence that VertiCast’s approach could increase the potential returns not just for the Premier League, but also for his company.
“We have certain dynamics here in the market that precludes us from broadcasting it or making returns on it like they do in the UK or in Europe or the US, right? We don’t quite have the distribution infrastructure that they have there. We don’t quite have the economy that they have there. We don’t have the fanatical fan base that they have there. So, you know, we have figured out ways that we think we could enhance what’s currently being done,” he said.
He explained the acquisition of the Premier League rights was just one part of the plan as VertiCast plans to launch “a vertically integrated media company that will incorporate broadcast across all media platforms into multiple markets in the Caribbean.”
“Within the media industry as you know, everything is founded on strong content. Obviously, the ways of distribution have diversified and increased over time. But the first step is always to make sure you have the right content. The announcement we made this week about the Premier League rights is a step in the direction for us to make sure that we first have the, you know, the most in-demand content,” said McIntosh, who draws upon two decades of experience within the industry, having been a major part of the establishment of SportsMax.
McIntosh is hopeful VertiCast will create “a regional media entity with the intention to broadcasting over traditional media, cable television and digital media via streaming and mobile via partnerships and on its own channels.”
He said that often media within the Caribbean overlooked the potential of media integration.
“I think for too many years, we have been looking at broadcasts in silos. That is, you know, there is free to air and then separately there is pay TVs that’s cable and then separately there is radio and then separately there is digital media, right. And, as you said, a lot of the traditional media or even the cable media has been reluctant to get into the digital media. How am I going to make a return on that in isolation?” he said, “Our view is that you can’t do it in isolation. You have to treat it almost as a convergence of media, and how do you make one compliment the other? And that is our approach. Our approach is that we’re not going to operate in silos. We’re going to seek to have traditional media benefit off of digital media, and vice versa digital media benefit from traditional media.”
VertiCast is hoping to work with regional content creators with the aim of expanding their reach as he recognised often lacked the resources to push their products further along.
“A major emphasis of ours is going to be to continue working with local producers, the IPPs (Intellectual Property Producers) around the region, and when I say work with them, it doesn’t mean you know, we say to you okay, come in and present your content that will decide if we show it or not, or we’re going to rent your airtime. A major emphasis of ours is going to be IPPs typically don’t have enough production resources to really complete their content packages,” he said.
This he said would ensure that VertiCast would not be solely reliant on international programming while also developing content within the region.
“What we will do is we will work with a lot of the IPPs by providing them with certain resources that they can then utilise to complete their productions and content packages. So that it becomes a certain quality that then can be broadcast on our platforms. So, so we will spend a lot of time working to curate local content and helping producers to curate local content,” he said.
VertiCast is aiming to serve content to a market of nearly 45 million people in over 26 countries including the English-speaking Caribbean, the Dominican Republic, and parts of South America. The multi-platform company has reportedly secured support from major content providers which the company will rollout over the next couple of weeks.