Eurosport deal boosts Play Magnus share

Eurosport, an international sport network belonging to US-owned Discovery, will broadcast the new Champions Chess Tour live to subscribers in more than fifty countries. Highlights from all ten tournaments will be shown on Eurosport 1, Eurosport Asia and Eurosport India in prime time and on the following day. This doesn’t apply to Norway, where NRK and TV2 share the rights and will take turns in primetime broadcasting the online tournament series. Eurosport will also feature the tour on its social media. Even though the announcement doesn’t mention any direct revenues for tour organiser Play Magnus, its share price at the Oslo stock exchange hiked by 15%. Eurosport has earlier provided distribution services to the former world championship organiser WorldChess in 2018 and 2019.