The blockbuster IPL media rights deal will rearrange the field
Star Sports shelled out Rs 16,347.5 crore or $2.55 billion for IPL media rights over the next five years (2018-2022). This will see them dominate the sporting TV broadcast sphere having already held rights to many other categories.
Facebook has been looking into more original content for its live video offering, including live sports. In February, Facebook was reported to have live streamed all 46 football matches of the top level Mexican football league Liga MX 2017 season.
BCCI treasurer Anirudh Chaudhry tells The Indian Express about what Star India’s massive bid of $22.5 billion for Indian Premier League media rights means for the league and the sport.
A look at the fine print in the massive deal of Star India in which it bought the media right for Indian Premier League for $22.5 billion for the next five years and how it will affect the industry as a whole.
Star India pays an astronomical sum of $2.55 bn to bag Indian Premier League’s media rights, establishes a virtual monopoly over broadcasting Indian cricket as it already has right to broadcast matches of Indian cricket team.
Star India have emerged as the highest bidder in the IPL media rights auction conducted on Monday in Mumbai. The media outlet will now hold rights to both Indian national team and IPL matches.
As per current estimates, each IPL franchise spends Rs 120-150 crore a year in running the team. It includes player costs, franchise fees, and other administrative and operating charges.
The rights have been split into three sections – TV rights for the Indian subcontinent, digital rights and overseas media rights (television and digital). All three rights deals will be for a five year term.
The Royals are scheduled to return to the IPL next season, and the board feels this could be the first of their many requests as many in the BCCI are expecting them to go for a major revamp with a new team name and even shifting out of Jaipur.
The betting amount had reached close to Rs 4 crore, police said. DCP (Crime) Madhur Verma said that the accused identified as Vinod Sharma, Vikas Choudhary and Mukesh Agrawal were arrested from Anand Vihar on Friday.
Richa Chadha on her upcoming web series ‘Inside Edge’, addressing misogyny and body image in her forthcoming debut book which she was persuaded to write after Penguin Random House approached her post her TED talk on sexism and misogyny in society.
Because there is little else that qualifies as family entertainment on TV
The DCP said they have issued showcause notice to five policemen and an explanation was issued to the SHO concerned.
Put into perspective, IPL is about how much it contributes to Indian cricket. This edition offered positives.