BCCI can get rich from IPL's media rights:Rights can be sold from Rs 40,000 to Rs 45,000 crore, Star and Sony are at the forefront of the race

 The bidding for the new season of IPL is to be held on February 12 and 13. Apart from this mega auction, media rights of IPL are also to be sold after 5 years. BCCI is expected to benefit a lot by selling the rights of media rights. Several networks like Sony Sports Network, Disney Star Network, Reliance-Viacom are in the fray to get IPL media rights, but the frontrunners in the race are Sony Sports Network and Star Network.

If reports are to be believed, the BCCI could earn almost three times the amount earned for the 2018-2022 cycle. In the year 2018, Star India bought media rights for over Rs 16,347 crore. Prior to Star India, Sony Pictures Networks held the media rights (for Rs 8,200 crore) for a decade.

ITT can be
floated till 10 February ITT Invitation of Tender (ITT) can be called before 10 February through E-auction to be held in the last week of March between 2023 and 2027. After selling these rights, the BCCI can earn more than three times that of the 2018-2022 season, at which time Star India had bought the rights of more than 16,347 crores.

Prior to Star India, Sony Pictures Networks held media rights for a decade with ₹8,200 crore. The BCCI now expects the amount to triple in the 2023-27 season.

It could be in the range of Rs 40,000 to Rs 45,000 crore. BCCI may float the IPL media rights tender with the mega auction to be held in Bengaluru from February 12 to 13.

BCCI said can make bumper earnings
A top BCCI official said that Indian cricket is ready to earn a bumper from the sale of the new season of IPL rights. Don't be surprised if it reaches Rs 40,000 to Rs 45,000 crore.

Speaking about media rights, Walt Disney Co India and Star India President K Madhavan said, “Sports business is an investment mode for us and we will not shy away from investing heavily. We are excited about the renewal of all rights including IPL.

Comments

Post a Comment

Popular posts from this blog

Jio to invest in Two Platforms Inc.Will invest 112 crores in Silicon Valley's deep tech startups; Both companies will work on AI, Metaverse

  Jio Platforms Limited (Jio) announced an investment of US$ 15 million (about Rs 112 crore) in Silicon Valley-based deep tech startup Two Platforms Inc (TWO).  This investment has been made for a 25% stake in Two Platforms Inc.  TWO is an artificial reality company with a focus on interactive and immersive AI experiences.  After text and voice, TWO believes that the future of AI lies in the visual and interactive. TWO's artificial reality platform, real-time AI creates voice and video calls, digital human, immersive space and lifelike gaming.  TWO plans to take its interactive AI technologies to consumer applications first, followed by entertainment and gaming as well as enterprise solutions including retail, services, education, health and wellness. Will work together on AI, Metaverse and Mixed Reality TWO's founding team has many years of leadership experience in research, design and operations with leading global technology companies.  Its founder is Pranav Mistry.  TWO wil
Read more

LIVE IN THE CORONA WORLD:29.14 lakh new infected were found on the last day, 11,284 thousand died; Considering increasing the gap of vaccine dose in America

  29.14 lakh new corona infected have been found in the world on the last day.  Of these, 24.10 lakh people have been cured, while 11,284 people have died.  America is at number one in terms of new infected.  2.81 lakh cases have been found here.  France is at number two with 2.19 lakh patients.  At the same time, Germany is at number three with 2.35 lakh patients. America has the highest number of 2,619 deaths in a day due to infection.  1,068 people have died in Brazil and 1,059 in India.  America is also on top in active cases.  There are 7.53 crore active cases all over the world.  Of these, 2.37 crore are in the US alone.  So far, more than 39.12 crore people have been hit by the epidemic.  Of these, 31.02 crore have been cured.  At the same time, 57.43 lakh have lost their lives. US health officials said on Friday that the country is considering increasing the gap between the two doses of the vaccine.  After the implementation of the new rule, the gap will be 8 weeks.  Currently,
Read more

Dragon movement on Pangong Lake:Government said - China is building a bridge on the place occupied in 1962, it is illegal

  China is building a bridge over Pangong Tso Lake in northern Ladakh.  The government's action is being watched.  On Friday, the government gave a statement on the matter in Parliament.  Said- China occupied this area in 1962.  This bridge is being built on illegally occupied land.  We hope that other countries will respect the sovereignty of India. A few days ago it was reported that the Chinese army is building a bridge in its side of Pangong Tso Lake.  It is estimated that with this the Chinese army will be able to reach the Indian border very fast. Government gave written reply The government gave a written answer to a question asked about China's actions.  Said- The government has taken notice that China is building a bridge over Pangong Tso Lake.  The area where the bridge is being built is under Chinese occupation since 1962.  The Indian government would never be ready to accept this occupation.  We have made it clear on many occasions that Jammu, Kashmir and Ladakh are
Read more