IPL Live Updates IPL Media Rights Auction: Times Internet also got rights to broadcast IPL, who has TV and mobile rights, know full details TOU

IPL Live Updates  IPL Media Rights Auction: Times Internet also got rights to broadcast IPL, who has TV and mobile rights, know full details 
 TOU

IPL Live Updates IPL Media Rights Auction: Times Internet also got rights to broadcast IPL, who has TV and mobile rights, know full details
TOU

New Delhi: The world’s most expensive cricket league (IPL Media Rights Auction) has become more expensive now. Star, Viacom18 (Reliance) and Times Internet have jointly bought media rights in different segments. In the auction that lasted for three days, a total of four packages were bid for the next five years, due to which the media rights of the IPL has been valued at Rs 50 thousand crore (48,390 crore). Which is the second highest price for sports in the world.The auction, which lasted for three days, ended on June 14 i.e. Tuesday evening. BCCI Secretary Jay Shah tweeted and informed about every small and big thing related to the auction. Shah tweeted that, ‘TV rights for IPL 2023-27 will remain with Star, Digital rights Viacom (Reliance).


Who has what rights?

The TV rights for the Indian subcontinent were bought by Disney Star for Rs 23575 crore (Rs 57.5 crore per match), but the digital rights went to Reliance’s Viacom 18 for Rs 20,500 crore. Viacom also bought a C package of ‘non-exclusive’ rights for Rs 2991 crore. The A and B packages include 410 matches in the next five years (74.74 matches in 2023 and 2024, 84.84 matches in 2025 and 2026 and 94 matches in 2027).

IPL becomes world’s second largest sports league

Now IPL will be on par with most watched sporting events like National Football League of America, National Basketball League and English Premier League of England based on media rights. Last time each match 54. 5 crores which has now become Rs 114 crores per match. Every match at the global level 14. 61 million dollars, which is second only to the NFL. Each match of the NFL is worth 17 million dollars.

Who has Package C and Package D?

Package C included the rights to 18 ‘non-exclusive’ matches, which Viacom 18 sold for 2991 . Bought for Rs 6 crore i.e. 33 per match. 24 crores. There are 90 matches in this package. Package D contained overseas TV and digital rights, which Viacom18 and Times Internet bought for Rs 1,300 crore. With this, the monopoly of single broadcaster also ended. Sony had bought broadcasting rights for the first 10 years (2008 to 2017) for Rs 8200 crore while Star bought 16347 crores for the next five years. 50 crore was given.

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