#BCCI e-Auction

[nfliplnews]

[ad_1] MUMBAI: As expected by many in industry circles, Viacom18 bagged the media rights of the Indian cricket board (BCCI’s) home international and domestic games for the next four-and-a-half years — from September 2023 to March 2028 — for a cumulative figure of Rs 5,963 crores in an e-auction on Thursday. The newcomer, which broadcasts live action on its digital platform Jio Cinema and Sports18 television channel, won both digital as well as television rights, having agreed to shell out a price of Rs 67.8 crore per game, thus outbidding Disney Star and Sony. The TV component amounted to Rs 32.5 crore per game (approx), while the digital valuation stood at Rs 35.3 crore (approx), culminating in an aggregate sum of Rs 67.8 crore, which is Rs 7.8 crores, or 12.92% higher than the Rs 60 crore that Star India had paid the BCCI in the previous cycle. In simple terms, in the digital category, Viacom18, which now takes over from Disney Star, bid Rs 3101 crore for the digital rights, and for television rights, it bid Rs 2862 crore. Owned by the Mukesh Ambani-led Reliance Industries and led by Uday Shankar, who revolutionized the broadcast industry in India during his time as the head of Star India, Viacom 18 already owns digital rights for the IPL (2023-2027), and both digital and TV rights for the Women’s Premier League (2023-2027). The network will broadcast 88 games (25 Tests, 27 ODIs and 36 T20I) over the course of 4.5 years in an agreement that starts with a three-match ODI series against Australia at the end of September, just before the 2023 ODI World Cup in India. Disney Star, which was earlier Star India, had won worldwide rights to India’s games for Rs 6138 crore for a total of 102 international matches. BCCI secretary Jay Shah said on X (previously Twitter), “Viacom18 will broadcast 88 games over the course of five years in an agreement that concludes in March 2028 and commences with a three-match ODI series against Australia at the end of September. Congratulations @viacom18 for winning the @BCC Media Rights for both linear and digital for the next 5 years. India Cricket will continue to grow in both spaces as after @IPL, and @wplt20, we extend the partnership @BCCI Media Rights as well. Together we will continue to capture the imagination of cricket fans.” He also thanked Star India, the outgoing broadcaster. Last year, Viacom18 had secured the IPL digital rights for Rs 23,758 crore. The network then won the global media rights for the WPL for Rs 951 crore for the period 2023-27. Thursday’s development marked the end of an 11-year Star Sports era for India’s home matches, both domestic and international, which started from 2012. “We extend our heartfelt congratulations to the BCCI for a transparent and efficient ebidding process and to the winners for securing the bilateral media rights. Our disciplined bid was grounded in market forecasts and a long-term growth strategy. We remain committed to delivering top-tier sporting entertainment as we continue to see growing enthusiasm across various sports genres,” NP Singh, MD & CEO, Sony Pictures Networks India, said, congratulating the winners of the e-auction.!(function(f, b, e, v, n, t, s) )( window, document, 'script', ); [ad_2] Source link

[srglobalapptech]

Viacom18 bags BCCI media rights

As expected by many in industry circles, Viacom18 bagged the media rights of the Indian cricket board (BCCI’s) home international and domestic games for the next four-anda-half years — from September 2023 to March 2028 — for a cumulative figure of Rs 5,963 crores in an e-auction on Thursday. The newcomer, which broadcasts live action on its digital platform Jio Cinema and Sports18 television channel, won both digital as well as television rights, having agreed to shell out a price of Rs 67.8 crore per game, thus outbidding Disney Star and Sony. Read the full article

[kumarseo]

BCCI Bought Neeraj Chopra's Javelin During 2021 E-Auction: Report

It was BCCI, which had made a winning bid of Rs 1.5 crore for Olympic champion Neeraj Chopra’s javelin when Prime Minister Narendra Modi’s collection of mementos was e-auctioned last year, a Cricket Board official told PTI on Friday. Chopra had presented one of his javelins to Modi when Prime Minister hosted Indian athletes after the Tokyo Games. The javelin was part of many items that were…

[rudrjobdesk]

ICC Media Rights: Global cricketing body offers 3 packages for 711 games

ICC Media Rights: Global cricketing body offers 3 packages for 711 games

The International Cricket Council will start its first ‘Invitation To Tender’ (ITT) for media rights for the 711 games at its global events in the next eight-year cycle, beginning 2024 from 20 June onwards, it said in an official release on 17 June. The ICC will be following the conventional sealed bid process with separate bids for both men and women matches, unlike BCCI’s e-auction process for…

[thenewsfactsnow]

Indian PM Mementoes e-auction: BCCI, Greenko buy valued objects

Indian PM Mementoes e-auction: BCCI, Greenko buy valued objects

India’s Prime Minister Mementoes e-auction got of a great start. The Board of Control for Cricket in India (BCCI), as well as representatives from Greenko, JSW Group, and Solar Industries NSE -2.47%, have obtained the 20 most valued objects from an online auction of the Prime Minister’s mementos. The National Gallery of Modern Art has held three iterations of these e-auctions since 2019. The…

[about-changing-generation]

Why BCCI Not Paying Income Tax ?

BCCI the is the richest cricket board of in the world. Almost every one know about IPL. IPL is the world largest cricket league but BCCI never pay income tax. Yes, I know you think that IPL is the most popular or expensive league after that BCCI not pay any income tax.

[globalcourant]

IPL media rights deal for 2023-27 e-auction: Who are the major players and other details

IPL media rights deal for 2023-27 e-auction: Who are the major players and other details

The Board of Control for Cricket in India (BCCI) is holding the Indian Premier League (IPL) media rights e-auction for the next five years (2023-27). The BCCI is expecting a windfall from the telecast and streaming rights deal, with several networks, such as Sony Sports Network, global giants Disney Star Network, and Reliance-Viacom 18 among others, in the fray to grab the rights for the…

[dailynews9]

BCCI bought ' Neeraj's javelin during the 2021 e-auction

BCCI bought ‘ Neeraj’s javelin during the 2021 e-auction

New Delhi: It was BCCI, which had made a winning bid of Rs 1.5 crore for Olympic champion Neeraj Chopra’s javelin when Prime Minister Narendra Modi’s collection of mementos was e auctioned last year, a Board official told PTI on Friday. Chopra had presented one of his javelins to Modi when the prime Minister hosted Indian athletes after the Tokyo Games. The javelin was part of many items that…

[squarwell-breakingnews]

It was BCCI that 'bought' Neeraj Chopra's javelin during e-auction in 2021 | Off the field News - Times of India

It was BCCI that ‘bought’ Neeraj Chopra’s javelin during e-auction in 2021 | Off the field News – Times of India

NEW DELHI: It was BCCI, which had made a winning bid of Rs 1.5 crore for Olympic champion Neeraj Chopra‘s javelin when Prime Minister Narendra Modi’s collection of mementos was e-auctioned last year, a Cricket Board official told PTI on Friday. Chopra had presented one of his javelins to Modi when the Prime Minister hosted Indian athletes after the Tokyo Games. The javelin was part of many items…

[cricket-updates]

IPL News

IPL Media Rights e-Auction: All the updates

The IPL media rights is expected to fetch a lot of money © IPL

Rights crosses INR 100-crore mark /match

Unconfirmed yet reliable information tickling from the sources of the Board of Control for Cricket in India (BCCI) have revealed to Cricbuzz that the media rights value has crossed INR 100 crore, the first milestone in the sale of the IPL properties.

At the time of going to print, the information is that the fight for the digital rights has been intense with two parties not willing to give up. Who the bidding parties are a matter of confidentiality.

Having crossed the INR100 crore barrier, the overall value has shot up to INR 41000 crores at this stage, given that the number of games in the 2023-27 cycle will be a minimum of 410. That is INR 5000 crore more than the overall base price of the full rights package. The base price for all packages was around Rs 90 crore.

[nfliplnews]

[ad_1] Viacom 18 now officially holds the rights for all India home cricket across TV and digital for the next five years. They beat the other two serious contenders - Star India and Sony in a three way battle in an e-auction on Thursday to bag the coveted rights. With this Viacom 18 has created a near monopoly in the Indian cricket broadcasting sphere.How was the bidding conducted?3 Key Points:- The BCCI had opted for an e-auction for the bilateral media rights- The base price was of Rs 25 crore for India digital and rest of world TV & digital rights and Rs 20 crore for India television rights, continuing the trend from IPL media rights auction.- This brought the combined rights value to INR 45 crore per game for a total of 88 matches for the 2023-28 cycle. What were the final winning bids?3 Key Points:- Viacom 18's cumulative bid was worth approximately Rs 5963 crore for the time period of 2023-28- In the digital spectrum Viacom 18 bid - Rs 3101 crore (approximately)- In the linear TV spectrum the winning bid was of Rs 2862 crore 1 Insight:BCCI had invited separate e-bids for both linear (TV) and digital for best price discovery and not surprisingly Digital rights were more expensive and attracted greater bids.How much will BCCI earn per match as per the new deal?3 Key Points:- India will be playing 88 international games across three formats including 25 Tests, 27 ODIs and 36 T20Is with per match value of the deal standing around Rs 67.76 crore. - This is nearly Rs 7.76 crore more than last cycle's Rs 60 crore per match value.- However the BCCI overall earned more money in the last rights cycle because that had more number of matches (102) as opposed to the 88 games that will be played in the 2023-27 media rights cycle. This means the BCCI will get Rs 175 crore less than the Rs 6138 crore it earned in the last cycle1 Insight:Looking at the prevailing market sentiments, it is not a bad price to fetch as the per match valuation has increased. One needs to factor in that only marquee Test matches and series against England and Australia will fetch decent advertisement revenue. For matches against other nations, it is only the T20 format which is the cash cow.Viacom 18 snatches rights away from Star India3 Key Points:- Disney Star had bagged the television and digital rights for the 2018-23 cycle for Rs 6138 crore. - Before that Disney Star had grabbed the rights for the 2012-18 cycle of broadcasting Indian cricket in the country for Rs 3851 crores.- Viacom18, a relative newcomer in the broadcasting world through its TV channel - Sports18 and digital platform - Jio Cinema, is also the holder of TV and digital rights of the Women’s Premier League (WPL) till 2027. It also has the rights of the Cricket South Africa matches to be shown in India from 2024-31. 1 Insight:- India will play against Australia in 21 games and will be pitted against England in 18 matches across all three formats during the next five years. Viacom 18 will be hoping to rake in substantial advertising revenue from these high profile matchesTeam India (Getty Images)What exactly are these rights for and what's the scale up?3 Key Points:- These rights are for all India cricket that is held in the country - international and domestic- IPL rights are not included in this- The average per-match cost now stands at Rs 67.75 crore. This is almost 13% more than Rs 60 crore Star India was paying in the last rights cycle.1 Insight:Viacom 18 has now entered the cricket broadcast space in a big way. They have established themselves as serious competitors and will be looking to make more inroads in the future. They already have the digital rights for the men's IPL for the Indian subcontinent which they bagged at a bid of Rs 23,758 crore for 410 matches. They also have the rights for Australia, New Zealand, Singapore, Caribbean, South Africa, Sub Saharan Africa, UK, Ireland and Continental Europe rights.When do Viacom 18's rights begin?3 Key Points:- Viacom18’s cycle of showing India’s matches will begin with the next series the Indian men's team plays at home- This will be the three-match ODI series against Australia from September 22-27- This will be a preparatory series before the Men’s ODI World CupTeam India home matches, IPL (digital), Women IPL, Olympics 2024, SA home matches 2024, T10 League, Road Safety World Series, SA20, NBA, Serie A, La Liga, Ligue1, and Diamond LeagueBCCI Reactions:"Congratulations @viacom18 for winning the @BCCI Media Rights for both linear and digital for the next 5 years. India Cricket will continue to grow in both spaces as after @IPL and @wplt20, we extend the partnership @BCCI Media Rights as well," BCCI secretary Jay Shah said on 'X', formerly twitter."Also, a big thank you to @starindia @DisneyPlusHS for your support over the years. You played a key role in making India Cricket reach its fans across the globe," added Shah, also the President of the Asian Cricket Council (ACC).What Broadcasting Industry Sources are Saying:"With IPL digital rights being bought by Viacom for Rs 26,000 crore plus, they now have almost all the high profile cricket properties save IPL linear (TV) and ICC events."(With inputs from Agencies)!(function(f, b, e, v, n, t, s) ; var TimesApps = window.TimesApps; TimesApps.toiPlusEvents = function(config) var isConfigAvailable = "toiplus_site_settings" in f && "isFBCampaignActive" in f.toiplus_site_settings && "isGoogleCampaignActive" in f.toiplus_site_settings; var isPrimeUser = window.isPrime; if (isConfigAvailable && !isPrimeUser) loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive); loadFBEvents(f.toiplus_site_settings.isFBCampaignActive); else var JarvisUrl="https://jarvis.indiatimes.com/v1/feeds/toi_plus/site_settings/643526e21443833f0c454615?db_env=published"; window.getFromClient(JarvisUrl, function(config) if (config) loadGtagEvents(config?.isGoogleCampaignActive); loadFBEvents(config?.isFBCampaignActive); ) ; )( window, document, 'script', ); [ad_2] Source link

[taajx]

"Your Biggest Market": Ex-Pakistan Star On IPL Getting Bigger Window

“Your Biggest Market”: Ex-Pakistan Star On IPL Getting Bigger Window

The Indian Premier League (IPL) media rights for the 2023-27 cycle created a lot of buzz recently as it was sold for over Rs 48,000 crore. The franchise cricket league is currently a 10-team affair and there are talks that it might be a 94-match affair in the coming times. BCCI secretary Jay Shah reacted to the development after the e-auction of the media rights. “That is an aspect we have worked…

[thenetionalnews]

Punjab Kings Co-owner Suggests IPL Of Two Halves, One In India, The Other Abroad

Punjab Kings Co-owner Suggests IPL Of Two Halves, One In India, The Other Abroad

Jun 17 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 USD 6.2 billion deal. BCCI spreading the media rights into four bundles helped the richest cricketing board amass Rs 48390 crore from the e-auction, nearly three times more than the…

[don-lichterman]

IPL media rights: BCCI hits jackpot

IPL media rights: BCCI hits jackpot

THE THREE-DAY e-auction of media rights for the IPL’s 2023-2027 cycle has fetched the BCCI Rs 48,390 crore, with Disney-Star bagging TV rights for the Indian subcontinent and Viacom18/ Reliance sweeping the digital segment. The bidding was done on a per-game basis, which means the rights holders will collectively pay the cricket board Rs 118.02 crore per match for the next five-year cycle.…

[shlipayadavblog]

IPL media rights sold for Rs 48,390 cr for five years, announces Jay Shah

The BCCI on Tuesday reaffirmed its status as a cricketing behemoth by securing one of the biggest broadcast deals in the history of the sport, fetching an eye-popping Rs 48,390 crore ($6.20 billion) through IPL media rights for a five-year period, starting 2023.

While Disney Star retained their Indian sub-continent TV rights with a figure of Rs 23,575 crore (Rs 57.5 crore/game), the most sought-after India digital rights deal was acquired for Rs 23,758 crore by the Reliance-backed Viacom18.

The deal for package A and B is for 410 matches across five years with 74 matches each in 2023 and 2024 and 84 each in 2025 and 2026. The 2027 edition will have 94 games.

Viacom18 entered the fray through a consortium which has former Star India head Uday Shankar (Bodhi Tree) and James Murdoch (Lupa Systems) in it.

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

"Since its inception, the IPL has been synonymous with growth & today is a red-letter day for India Cricket, with Brand IPL touching a new high with e-auction resulting in INR 48,390 cr value. IPL is now the 2nd most valued sporting league in the world in terms of per match value," Shah added.

The IPL, in terms of sheer valuation, will now be bracketed in the top-most sporting properties alongside National Football League (USA), National Basketball Association (USA) and English Premier League (England), the most watched sporting event in the world.

[ultimateketomealplan]

Decline in TV Ratings This Season Could be a Concern For BCCI

Decline in TV Ratings This Season Could be a Concern For BCCI

The fall in viewership during the first eight matches of the IPL 2022 could be a concern for the BCCI ahead of the e-auction of the cash-rich league’s media rights for the 2023-27 cycle. The TV ratings (TVR) has seen a massive 33 per cent drop in the opening week and raised concerns among the advertisers and sports marketing community over monetisation potential of the league. As per data sourced…