Qatar-Based BeIN Blames Piracy From Saudi Arabia for 18% Job Cut - Bloomberg:
Broadcaster BeIN Media Group has cut almost a fifth of staff at its Qatari base, citing a hit to pay-TV income from rampant piracy that it says is backed by Saudi Arabia.
The company has laid off around 300 employees in Qatar, or about 18% of the local workforce, said a person familiar with the matter, who asked not to be identified because the number isn’t public. BeIN said in a statement it had taken some “difficult decisions to right-size our business” and to reflect the impact of piracy on the company.
BeIN has grown to become a major player in sports rights from its base in the small, gas-rich Gulf state. That status is now under threat from BeoutQ, a rival operation that BeIN accuses of pirating much of its sports and entertainment content and selling it on to viewers across the Middle East.
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