IPL cricket media rights sold for $6.2 billion
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.
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IPL Media Rights deal fetches Rs 48,390 crore revenue; Viacom18 ends Disney Star's monopoly
BCCI on Tuesday reaffirmed its status as a cricketing behemoth by securing one of the biggest broadcast deals in the history of the sport, fetching an eye-popping 48,390 crore ($6.20 billion) through IPL media rights for a five-year period, starting 2023. While Disney Star retained their Indian sub-continent TV rights with a figure of Rs 23,575 crore (Rs 57.5 crore/game), the most sought-after India digital rights deal was acquired for Rs 20,500 crore by the Reliance backed Viacom18, which also won the non-exclusive Package C, paying another Rs 2991 crore.
Disney's Star pays $3.02 billion for IPL's 2023-27 TV rights, Indian board gets $6.2 billion overall
MUMBAI : Disney's Star has retained the Indian Premier League's (IPL) television rights for the Indian subcontinent for the 2023-27 cycle in a deal worth 235.75 billion Indian rupees ($3.02 billion), the Indian cricket board (BCCI) said on Tuesday.
Asia's richest man bags IPL cricket digital rights for $2.6 bn
Indian tycoon Mukesh Ambani has seen off competition from global media giants to bag the rights to stream the Indian Premier League for $2.6 billion, a source at India's cricket board told AFP on Tuesday.
Viacom18 Bags Packages B And C As IPL Digital Rights Rake In More Than TV: Sources
It has been a big pay day for the Board of Control for Cricket in India (BCCI) as the lucrative media rights for the Indian Premier League has raked in the expected billions for the cricket board. After the fate of the all important packages A (TV rights) and B (Digital rights) were decided on Monday, broadcasters slugged it out for package C, which has a select non-exclusive rights deal.
Asia's richest man Mukesh Ambani bags IPL cricket digital rights for $2.6bn
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.
IPL Media Rights: Asia's Richest Man Bags Digital Rights For $2.6 Billion
Indian tycoon Mukesh Ambani has seen off competition from global media giants to bag the rights to stream the IPL for 2.6 billion dollars, a source at India's cricket board told AFP on Tuesday. Star India meanwhile, owned by US behemoth Disney, retained the television rights for the next five seasons of the Indian Premier League, one of the world's most-watched sporting events, media reports said. Together the two deals are reportedly worth about $5.65 billion, dwarfing the $2.55 billion that Star paid in 2017 for digital and TV rights for the previous five seasons of the annual two-month T20 contest.
IPL TV & digital rights sold for Rs 44,075 crore
BCCI sold Packages ‘A’ and ‘B’ of the Indian Premier League (IPL) to two separate bidders on Day Two of the e-auction on Monday. Package ‘B’ – Digital (India) – was bought by the Viacom18-led JV while the bidder that got Package ‘A’ was kept under wraps and will be revealed on Tuesday. AS IT HAPPENED: IPL MEDIA RIGHTS AUCTIONFor a total of 410 matches, and at a base price of Rs 49 crore per match on television and Rs 33 crore per match on digital, the two packages allowed the cricket board to rake in Rs 44,075 crore. By the time Day Two concluded, bidding was on for Package ‘C’ – set of 18 non-exclusive matches including the three playoffs and the final (digital) – and Package ‘D’, which is the Rest of the World. The day closed with three bidders – the identities are under wraps – gunning for Package ‘C’ at a base price of Rs 16 crore per match for a set of 98 matches and the bidding was on at Rs 18. 75 crore. As for the rest of the world, Viacom has bagged the Australia and European territories while bidding is on for the remaining ones.