MNC Group Owned By Conglomerate Hary Tanoesoedibjo Officially Owns Multi-Year Formula E Broadcasting Rights

Formula E racing car. (Photo: Doc. Antara)

JAKARTA - The MNC Group belonging to the conglomerate Hary Tanoesoedibjo has officially received the rights to broadcast the international Formula E racing. Through this exclusive partnership, the MNC Group has the right to broadcast the ABB FIA Formula E World Championship race live on RCTI+ and Vision+, two super-apps currently in development. acquisition by PT MNC Studios International Tbk (MSIN).

Director of MNC Studios Valencia Tanoesoedibjo is pleased to be working with ABB to present a premium world racing series such as Formula E and bring new entertainment to millions of viewers and MNC subscribers. "MNC Group will provide a new breakthrough by broadcasting the biggest racing event in the history of Formula E-Prix by holding the E-Prix in Jakarta for the first time," said Valencia in an official statement, Friday, February 11.

Furthermore, Valencia hopes to continue to bring new sensations to viewers for years to come.

The 8th season of the ABB FIA Formula E World Championship continues this weekend with Round 3 in Mexico city, on Sunday evening, at 04:30 CEST. Formula E will be present in Jakarta for the first time as a host city in the Formula E World Championship series, which is scheduled to take place in June 2022.

The season's run begins with a double-header race around UNESCO Diriyah, Saudi Arabia, on January 28 and 29.

The ABB FIA Formula E World Championship will feature 16 of the largest ever racing series in the heart of iconic world cities including Rome, Monaco, Berlin, London, and New York, and for the first time, Jakarta, Vancouver, and Seoul.

In addition, this collaboration also includes MNC Group as an exclusive broadcast partner for the ABB FIA Formula E World Championship race which will be broadcast on iNews, the largest news FTA channel, as well as the Jakarta E-Prix for the first time which will be broadcast on RCTI.

Valencia explained, RCTI achieved an average audience share in prime time slots of 48.2 percent and in all-time slots of 42.8 percent in January 2022, far surpassing its competitors. The same approach also applies to Pay TV channels and broadband services belonging to the MNC Group under the auspices of PT MNC Vision Networks Tbk (IPTV).

"With this partnership, MNC Vision, K-Vision, MNC Play, and Vision+ TV, will be able to broadcast live broadcasts of the ABB FIA Formula E World Championship races to more than 10+ million subscription TV users," added Valencia.

This strategic partnership is a transformative opportunity for MNC and ABB Formula E.

Currently, MSIN is in the final stages of acquiring RCTI+ and Vision+. RCTI+, as a 5 in 1 entertainment super-app with 64 million MAU and Vision+, SVOD with 45 million MAU and more than 2 million paid subscribers, will be a catalyst for the Company's growth by completing this digital consolidation thoroughly.