The ICC twenty-20 World Cup cricket tournament ,which began on Sunday and will see the Super 10 league matches flag off with the India-Pakistan tie on Friday, will rake in close to Rs 380 crore for the broadcaster, STAR Sports. This is a marked increase from the revenue of last year’s edition, of close to Rs 250 crore. The increase is a result of an increase in advertising rates, of nearly 25 per cent, and the increase in the number of matches played. The 2012 edition had 27 matches among 12 teams. This year, with the addition of Hong Kong, Netherlands, Nepal and United Arab Emirates, the number of participants has gone up to 16 and the matches to 35. The number of advertisers, though, have comedown from 34 in 2012 to around 25 in 2014.
Also, probably, had the venue been a country like England or Australia, the response might have been better,” says K Lakshminarayan, chief operating officer, Madison Media Ultra. While the financial details s of the sponsorship deal were not available, planners believe the aggregate value of the six sponsor partnerships would be upwards of Rs 30 crore. Apart from these, the International Cricket Council (ICC) is on board with official commercial partners for. These include PepsiCo, LG, Hyundai, Castrol, Emirates, MoneyGram, Reebok and Reliance. The Indian Premier League (IPL) will follow the T20 World Cup and has seena similar increase in ad spot rates. The ad rates for the seventh season of the IPL are in the range of Rs 4.75-5 lakh. This is a 20 per cent increase from last year and made primarily to compensate for the reduction in the number of matches played, with expulsion of the Pune Warriors franchise. The broadcaster’s target revenue for this year’s IPL is Rs 900-950 crore. Another media planner, who did not want to be named, says: “While both the tournaments follow the short format of the game, the buzz around the IPL is much more. Also, every team has Indian players in the IPL and, thus the viewership is much more. The advertiser interest is alson proportionately more. Also, the number of matches in the IPL is significantly higher than the ICC T-20 Cup, which gives MSM (Multi Screen Media, the official broadcaster) the leg room to adjust the rates and offer deals and packages.”