The business value of the league, popularly called the IPL, surged to a record $18.5 billion last year, U.S.-based investment bank Houlihan Lokey says.
Viacom 18 grabbed the media rights for the upcoming Women's IPL for a whopping Rs 951 crore for five years, pipping other bidders, including Disney Star and Sony, in the auction.
An India-Pakistan fixture in an ICC event generates revenue to the tune of a staggering 'USD 250 million (over Rs 2200 crore', as per some estimates and the absence of the cash-cow fixture from the upcoming T20 World Cup is certain to cause heavy losses to all stakeholders.
Afghanistan skipper Rashid Khan welcomes the expansion of the T20 World Cup, highlighting the opportunities it creates for players from more countries to showcase their talent.
The rights on offer are Indian Sub-continent Television Rights from 2018 to 2027 (10 IPL seasons), Indian sub-continent Digital Rights from 2018 to 2022 (5 IPL seasons) and Rest of the World Media Rights from 2018 to 2022 (5 IPL seasons).
The e-auction of television and digital rights, a first in cricket, was not concluded but the Indian board (BCCI) received a bid of 44.4 billion Indian rupees ($683 million) for consolidated global rights from an unidentified bidder.
Star India successfully bagged the global media rights for the next five seasons of Indian Premier League -- including broadcast and digital -- for a massive Rs. 16,347.50 crores ($2.55 billion), in Mumbai, on Monday.
IPL's media rights auction witnessed a robust bidding for TV and Digital rights of the Indian sub-continent with the valuation being earmarked at more than a whopping Rs 100 crore per match.
As he is laid to rest, Indian cricket bids farewell to one of its greatest administrators -- a visionary who understood that breaking monopolies and building stadiums were about the same thing: Giving millions of cricket-loving Indians the infrastructure worthy of their passion.
Defending the Rs 425-crore facilitation fee it demanded from Sony, former global media rights holders for IPL, WSG, on Wednesday said it will do whatever it can to ensure that BCCI honours its previous agreements.
After the second day, BCCI's media rights value has already gone up by 56 percent with the per match value touching nearly Rs 60 crore (Rs 59.16 crore) for 102 international games across three formats.
The BCCI will float tenders for IPL's media rights for the 2023-27 cycle as early as the coming week and complete the e-auction in two months.
The Indian Premier League's media rights for the next five years have been sold for a whopping Rs. 48,930 crore, said BCCI secretary Jay Shah on Tuesday.
Star India paid Rs 16,347.50 crore for the IPL's global media rights for five years.
From the USA to UAE, Canada to Italy, Indian-origin cricketers will represent associate nations at the T20 World Cup. Meet the Desis chasing global glory at a home away from home.
Board of Control for Cricket in India's Chief Executive Officer Rahul Johri says the revenue generation from the upcoming Indian Premier League's media rights auction could be "historic".
Indra Nooyi, the only female representative in the ICC's Board of Directors, has decided to recuse herself from the upcoming sale of its media rights process as she is also a member of potential digital rights bidder Amazon's board.
The Board of Control for Cricket in India, on Monday, decided to indefinitely defer the awarding of its global media rights -- broadcast and digital -- which was scheduled for Tuesday as the Justice RM Lodha Committee is yet to appoint an independent auditor to oversee the entire process.
The Supreme Court-appointed Justice Rajendra Mal Lodha panel asked the Board of Control for Cricket in India to accept its reforms before proceeding ahead with the process of awarding the Indian Premier League media rights from 2018 onwards.
'If tech giants like Amazon, Google, Apple and Meta enter the IPL broadcasting arena, it could further revolutionize sports media in India.'
The BCCI on Sunday announced an open tender process for allocating the cash-rich Indian Premier League's global broadcasting rights, a move that conforms to the Lodha Committee recommendations on transparency. "We are happy to announce the tender process for IPL Global Media Rights (TV and Digital)," BCCI President Anurag Thakur announced in a press conference in New Delhi.
Star India beat stiff competition to bag the media rights for the next five years of Indian cricket for a whopping Rs. 6138 crore, in Mumbai on Wednesday.
The rights have been split across three categories -- a global television rights plus rest-of-world digital rights package, an Indian-subcontinent digital rights package, and a global consolidated rights package.
IPL is the world's richest T20 tournament with an estimated brand value of $8.4 billion.
The England and Wales Cricket Board (ECB)'s financial projections on the prof itability of its pet project 'The Hundred' is largely "disconnected from reality" reckoned Lalit Modi, who conceptualised the vastly successful Indian Premier League (IPL) in 2008.
Pietersen gives thumbs up to IPL owners' investment in English teams
Jay Shah expressed his vision to grow the global reach of the sport with a particular focus on the opportunity of the Olympic Games in Los Angeles in 2028.
Billionaire Mukesh Ambani-led Reliance Industries has completed the merger of its media assets with the India business of global media house Walt Disney and formed a joint venture with a valuation of over Rs 70,000 crore. The JV will be one of the largest media and entertainment companies in India with a combined revenue of approximately Rs 26,000 crore and will be led by Nita Ambani as its chairperson, according to a joint statement.
ODIs will remain relevant because World Cup is Olympics of cricket: Steve Waugh
The 2023 edition of the Indian Premier League (IPL) will see Disney-Star and Viacom18 competing to sell their ad space with an eye on the estimated Rs 4,000-crore advertising money.
Punjab Kings co-owner Ness Wadia feels that IPL should now be held in two separate halves with a significant increase in number of matches after the BCCI made a 'killing' at the media rights auction with a US$ 6.2 billion deal.
While Sachin Tendulkar's 2013 farewell became a national pilgrimage, a vibrant celebration befitting a cricketing deity, the exits of many other Indian icons this century have been quieter journeys into the twilight.
Suspended Indian Premier League commissioner Lalit Modi on Saturday handed over to the Board of Control for Cricket in India all the relevant documents relating to the Twenty20 League, sources close to him said.
Although IPL 2023 had a drop in advertisers during opening match, TV and digital viewership has seen an increase by 29 percent.
The Board of Control for Cricket in India, eagerly awaiting a response from the Justice Rajendra-Mal Lodha panel on the appointment of an independent auditor, may not get one by October 25 as the three-member committee is not likely to meet on Monday.
The owners of IPL heavyweight Chennai Super Kings purchased the Johannesburg franchise while JSW Sports, which owns Delhi Capitals, bagged Pretoria.
Dhoni endorses 42 brands to Bachchan's 41 and SRK's 34.
Mumbai Indians owner Akash Ambani on Monday expressed his delight after succeeding in his plans to pair the peerless Jasprit Bumrah with New Zealand pace great Trent Boult for the 2025 IPL.
'Advertising this season will help IPL surpass $550 million in ad revenues, across digital and pay TV.' 'It should still represent a steep loss against annualised 2023-2027 IPL rights fees of $1.2 billion.'
According to market experts, the buyers are expected to shell out in the "range of 500 to 600 crore INR" per team in the closed-bid auction for the women's IPL.
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