$5.3 million reduction for Seven in Cricket dispute
Amount is well short of network expectations, but feud may not be over.
Seven has been awarded a $5.3m reduction in its dispute with Cricket Australia over the 2020-21 cricket season.
But the figure is said to be well short of the amount the network was seeking (media articles estimated $70m).
The expert appointed by the Australian Centre for International Commercial Arbitration determined that $5.3 million should be deducted from the next scheduled rights fee payment due on Monday.
The expert also determined that, if the Afghanistan Test is not rescheduled for the 2021-22 cricket season, a further $3 million should be deducted.
But Seven West Media is also reserving its rights, having raised concerns over the independence of the arbitrator, Venture Consulting chief executive Justin Jameson.
Both Seven and Cricket Australia are back in the Federal Court on Monday for preliminary discovery action relating to what Seven believes may be actionable Test Match and BBL quality failures by Cricket Australia.
Seven has argued a “prejudice paper” on the subject of free-to-air TV, streaming and sports rights from Venture Insights raises questions about independence.
Seven has a $450m rights deal with Cricket Australia.