Report -- Jeff Bezos hires firm to help consider Commanders bid
Jeff Bezos has hired an investment firm to examine the possibility of a bid on the Commanders, according to a report by The Washington Post.
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Jeff Bezos has hired an investment firm to examine the possibility of a bid on the Commanders, according to a report by The Washington Post.
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Indra Nooyi, the only female representative in the ICC's Board of Directors, has decided to recuse herself from the upcoming sale of its media rights process as she is also a member of potential digital rights bidder Amazon's board. The ICC's TV and digital rights bundle for the Indian sub-continent will be up for sale with sealed tenders being submitted on August 22.
India's cricket board said Tuesday it has sold the broadcast rights of the IPL tournament for the next five seasons to global media giants for an eye-popping $6.2 billion.
Indian tycoon Mukesh Ambani has won the rights to stream the IPL for $2.6 billion, a source at India's cricket board told AFP on Tuesday.
Global media giants including Disney and Sony and Asia's richest man reportedly battled Sunday for the broadcast rights for the Indian Premier League cricket tournament, one of the world's most-watched sporting events.
Jeff Bezos and Mukesh Ambani for acquisition of one of world's costliest sporting properties won't materialise now as OTT giants Amazon on Friday pulled out of IPL media rights bidding, scheduled to start on Sunday. Reliance Industries Limited owned Viacom18 is considered to be one of the strongest contenders both in TV and digital space. Bezos-funded Amazon was expected to be one of the biggest bidders in digital space but pulled out of the race without revealing the reason.
Jeff Bezos and Mukesh Ambani, two of the world's richest men, are set for another clash. This time the fight is over media rights to the Super Bowl of cricket, one of the world's fastest-growing sporting events that draws 600 million viewers and has a brand value of almost $6 billion. The billionaires' companies are expected to be the top two contenders at a June 12 Indian Premier League auction, which is likely to lure several bidders for separate, five-year telecasting and online streaming contracts in different geographies. The tycoons are preparing aggressive game plans to ensure a win, according to people familiar with the matter. Other fierce competitors include Walt Disney Co., which held the rights until this year's just-concluded season, and Sony Group Corp. For the two first-time participants, there's far more at stake than just a shot at becoming the No. 1 media player in a country of 1.4 billion people. The English sport enjoys cult-like status in the former British colony. Both Ambani's Reliance Industries Ltd. and Bezos's Amazon.com Inc. are betting the game will serve as a gateway to their ultimate goal: Dominating an Indian consumer market that's increasingly going online. "The bidding action will be a bet on the India story over the coming decade," said Karan Taurani, a media analyst at Mumbai-based Elara Capital. "Bidders are putting money on the promise that data-consuming Indians will dictate the fortunes of every business, from retail to banking, and from travel to education."