BCCI president Sourav Ganguly has said the roaring success of the IPL Media Rights e-auction (2023-27) was an indicator of the extremely strong foundation the sport of cricket has in the country
After selling the IPL media rights for the 2023-2027 cycle for whopping Rs 48,390 crore for 410 matches, the BCCI will earn an unbelievable Rs 49 lakh (approx) from every ball bowled
Following the conclusion of the IPL media rights auction 2022, Board of Control for Cricket in India (BCCI) president Sourav Ganguly said that the event shows how strong the game is in the country.The TV and digital rights for the 2023-2027 cycle went to Star India and Viacom18 respectively for a whopping Rs 48,390 crore for 410 matches at e-auctions on Tuesday."The game has never been just about money..it is about talent. The IPL e-auction just showed how strong the game is in our country..the numbers should be the biggest motivation for all the young players to take their ability and Team India to the highest level," Ganguly tweeted.Ganguly congratulated the bidders who won television, digital and overseas rights during the auction."Congratulations to Star, Viacom, Times Internet for putting their might in getting the auction to new heights..Indian cricket fans you make this happen @JayShah @ThakurArunS @BCCI @IPL," he tweeted.In another tweet, he added, "This will create ...
Attracting astronomical bids that eventually translated into mind-boggling revenue of Rs 48,390 crore for a five year period through IPL's media rights has not surprised BCCI secretary Jay Shah
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Package C includes rights for the opening game, final match, three play-offs and weekend double headers, a total of 18-20 of the best matches of each season for the next five years
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Thanks to all the action on Monday, the per-match value at the IPL now stands at $13.78 million (Rs 107.5 crore)
Two different broadcasters won the TV (package A) and digital rights (package B) for the Indian subcontinent in the e-auction of the media rights for the IPL cycle 2023 to 2027
The winner of the IPL TV rights is eyeing the digital rights and has the right to rebid in the second category, according to rules laid down in the tender document
Bidding for the special IPL media rights package and the rest-of-world rights to happen today. Stay tuned for more
The per-match value for IPL has touched $13.5 million (or Rs 105 cr), which is second only to America's National Football League, which costs a broadcaster $17 million (Rs 132.26 crore) per match
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That's more than 2.5 times higher than the value of previous cycle
Each might garner Rs 500 cr annually from media rights, up from Rs 201.65 cr that all 10 of them made in 2022
With the bidding going into the second day, the cumulative valuation of the media rights could well touch a staggering Rs 50,000 cr-mark
IPL media rights auction: Though tech giants Amazon, Google and Apple have pulled out of the race, there appears to be no impact so far on the overall value of the bids being made
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Amazon, Alphabet, Apple pull out of media rights auction