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IPL Media Rights Auction, Day 2: Bidding value for TV, digital goes up to Rs 43,255 crore

Indian Premier League (IPL) media rights value for the 2023-2027 cycle has gone up to Rs 43,255 crore on Monday and the value could go even higher in the ongoing e-auctions as per sources in BCCI. LIVE UPDATES: IPL MEDIA RIGHTS AUCTIONAccording to the latest information with ANI, Package A is currently at Rs 23,575 crore, which is Rs 57 crore per match and Package B of Digital Rights for India is at Rs 19,680 crore, which is Rs 48 crore per match. The details of who bid what are yet to come but the value for per match TV, digital rights value surpassed Rs 105-crore mark.

How Newcastle United can take Academy to next level after Dan Ashworth appointment

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IPL Media Rights: At Rs 104 crore, IPL overtakes EPL in per match value

IPL's media rights for the next five-year cycle (2023-27) concluded on Sunday, it was clear BCCI was in for one of the biggest media rights bonanzas in the world of sports. The day saw the cricket board pocket Rs 43,050 crore (around $5. 5 billion)-a Rs 26,050-crore ($3. 3 billion) hike from the previous rights cycle-taking IPL's per match value at over Rs 104 crore ($13. 4 million) past English Premier League's corresponding figure of $11 million. Thus, IPL is now only the second after the US's NFL ($17 million) in terms of per match value; it is already ahead of other top leagues in the world like NBA and MLB. Day Two of the e-auction is set to throw up bigger numbers. 'Insane bidding' gives IPL more financial muscleThe much-anticipated bidding for the rights began at 11 am on Sunday with four of the seven bidders in the fray - the Viacom-led JV, Disney+Hotstar, Culver Max Entertainment (earlier, Sony Pictures) and the Zee Group - jumping into the process right away for Packages A & B. Package A is for India's television rights alone, with the base price set at Rs 49 crore. Package B is for India's digital rights with the base price set at Rs 33 crore.

‘We are going to sprint in the Tour with Fabio Jakobsen’ – Mark Cavendish set to miss out on Tour de France

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Devon Allen of Philadelphia Eagles runs historic 110m hurdles time at NYC Grand Prix

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Criterium du Dauphine joy for Jumbo-Visma, as Primoz Roglic and Jonas Vingegaard ride rampant to take the stage and GC

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Jared Walsh hits for cycle, Mike Trout returns to lineup with two homers as Los Angeles Angels rout New York Mets

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Bidding for IPL media rights goes past Rs 42,000 crore

IPL media rights value for the 2023-2027 cycle has gone past Rs 42,000 crore and is expected to go even higher as per sources in BCCI. This is nearly three times more than what Star India paid in the year 2017. The details of who bid what are yet to come but the value for per match TV, and digital rights value have surpassed Rs 100 crore mark. The process has been divided into a total of four packages (A, B, C and D). Package A is exclusive for TV (broadcast) for the Indian subcontinent while package B is for digital-only grouping for the same region.

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IPL Media Rights Auction, Day 2: Bidding value for TV, digital goes up to Rs 43,255 crore

How Newcastle United can take Academy to next level after Dan Ashworth appointment

IPL Media Rights: At Rs 104 crore, IPL overtakes EPL in per match value

‘We are going to sprint in the Tour with Fabio Jakobsen’ – Mark Cavendish set to miss out on Tour de France

Devon Allen of Philadelphia Eagles runs historic 110m hurdles time at NYC Grand Prix

Criterium du Dauphine joy for Jumbo-Visma, as Primoz Roglic and Jonas Vingegaard ride rampant to take the stage and GC

Jared Walsh hits for cycle, Mike Trout returns to lineup with two homers as Los Angeles Angels rout New York Mets

Bidding for IPL media rights goes past Rs 42,000 crore