IPL Media Rights Auction 2022 Highlights: Star India, Viacom18 and Times Internet win IPL media rights; total rights sold for Rs 48,390 crore
THE TIMES OF INDIA | Jun 14, 2022, 20:03:38 IST
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IPL Media Rights Auction 2022 Highlights: Star India, Viacom18 and Times Internet win IPL media rights; total rights sold for Rs 48,390 crore
IPL media rights auction highlights: 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 48,390 crore (USD 6.20 billion) through IPL media rights for a five-year period, starting 2023. Stay updated with Times of India for all live updates of IPL Media Rights Auction 2022 on Times of India.
09:56 (IST) Jun 13
Jeff Bezos's Amazon, which has spent hundreds of millions of dollars on rights for European soccer and American football and had earlier shown interest in the IPL, pulled out of the contest on Friday
09:55 (IST) Jun 13
Besides Disney and Sony, bidders in the auction, which will continue on Monday, include a consortium including Viacom as well as Reliance
09:55 (IST) Jun 13
At the end of the first day on Sunday, bids for more than $5.59 billion had been received just for domestic TV and digital rights
09:55 (IST) Jun 13
The BCCI is selling off four different packages including domestic and international television and online streaming rights as well as for special matches
09:55 (IST) Jun 13
This dwarfs the $2.55 billion shelled out by Star India, owned by US behemoth Disney, for the previous five-year deal which ended last month with the 15th edition of the tournament involving an expanded 10 franchises playing 74 matches
09:55 (IST) Jun 13
The winning bidders were expected to pay up to $7.7 billion in an online auction begun by the BCCI on Sunday to show and stream the two-month contest for five seasons from 2023 to 2027
09:55 (IST) Jun 13
Global media giants including Disney and Sony and Asia's richest man Mukesh Ambani battled on Sunday for the broadcast rights for the Indian Premier League cricket tournament