IPL media rights sold for Rs 48,390 crores; Star India wins TV, Viacom18 bags digital

Viacom18 also won Australia, South Africa, and United Kingdom rights.

By Jatin Sharma - 14 Jun, 2022

The media rights for the Indian Premier League (IPL) for the next five years- 2023-2027 were auctioned by the BCCI in the last two days and Star India won the TV rights while the digital rights went to Viacom18 with BCCI receiving a cumulative Rs 48,390 crore for 410 matches at e-auctions on Tuesday.

The Package A (of TV) has been sold to Star India at Rs 23,575 crore which is Rs 57.5 crore per match and Package B of Digital Rights as well as Package C for selected 18 games in digital space for India each season has been sold Viacom-18 at Rs 23,758.

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"I am thrilled to announce that STAR INDIA wins India TV rights with their bid of Rs 23,575 crores. The bid is a direct testimony to the BCCI's organizational capabilities despite two pandemic years," Jay Shah tweeted.

Reliance-owned Viacom18 also won Australia, South Africa, and United Kingdom rights. Times have got MENA (Middle East North Africa) and the United States and the Rest of the World's rights.

"Viacom18 bags digital rights with its winning bid of Rs 23,758 cr. India has seen a digital revolution and the sector has endless potential. The digital landscape has changed the way cricket is watched. It has been a big factor in the growth of the game and the Digital India vision.

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I congratulate Viacome18 for winning Aus, SA, UK, Times have got MENA & US, who win the Rest of the World Rights. The IPL is as popular outside India as it is here and the viewers will be able to enjoy top-class cricket," he added.

The media rights value has grown more than two-and-a-half times than what Star India paid in the year 2017. The process was divided into a total of four packages (A, B, C and D). Package A was exclusive for TV (broadcast) for the Indian subcontinent while package B was for digital-only grouping for the same region.

There were four specific packages in which e-auction was conducted for 74 games per season for a five-year period with a provision of increasing the number of matches to 94 in the final two years. Package C is for 18 selected games in each season for digital space. In Package D all games will be for combined TV and digital rights for overseas markets.

(ANI inputs)

By Jatin Sharma - 14 Jun, 2022

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