The media rights for the lucrative Indian Premier League (IPL) for the next five-year cycle from 2023 to 2027 was hotly contested by some of the country’s top sports broadcasters. According to sources, the prices for Package A (TV rights) and B (Digital rights) has now touched the humungous amount of Rs 44,000 crore. This puts the valuation of each IPL match, at a cost of above Rs 100 crore, something that is unheard of in Indian sports. According to sources, the current price for each IPL match stands at Rs 107.5 crore.
Global retail giants Amazon had earlier pulled out of the Indian Premier League media rights auction race, NDTV sources had said on Friday.
Star India had edged out Sony Pictures to secure the Indian Premier League’s media rights for the 2017-2022 cycle with a bid of Rs 16,347.50 crore in September 2017. With this deal, the cost of an IPL match had become around Rs 55 crore.
In 2008, Sony Pictures Network won the IPL media rights for a period of 10 years with a bid of Rs 8200 crore. The global digital rights of IPL for a period of three years were awarded to Novi Digital in 2015 for 302.2 crore.
The tournament was expanded from eight teams to ten teams this year with Gujarat Titans and Lucknow Super Giants being included from the 2022 season. Gujarat Titans went on to win the tournament in its maiden season last month.
(With agency inputs)
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