IPL Media Rights sold for Rs 44,075 crore

94,598FansLike
57,012FollowersFollow

In the latest development, the Television and digital rights for the next five years of the Indian Premier League have been bagged by two separate broadcasters after intense bidding.

As per reports, the prices for TV rights and Digital rights have been pegged at a massive amount of Rs 44,075 crore. The TV rights were sold for Rs 23,575 crore, while the digital rights have gone for a whopping Rs 20,500 crore. Sony and Reliance-Viacom Joint Venture are frontrunners for TV and digital rights for the Indian subcontinent, respectively.

The total value of IPL media rights for the 2023-27 cycle is more than 3 times the money that Star India paid for the rights in 2017. Notably, Star India had bought the rights last time around for Rs Rs 16,347.5 crore.

As per reports, Sony Pictures Network bagged the media rights of IPL for a period of 10 years with a bid of Rs 8200 crore in 2008. The global digital rights of the richest cricket tournament for a period of 3 years were handed out to Novi Digital in 2015 for 302.2 crore.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Silver Screen

Pic Talk: Pooja looks sensational in ravishing red

Pooja Hegde needs no introduction to movie buffs. Butta Bomma stood out as one of the leading actresses in the South film industry by...

Bigg Boss Season 6, 13th week elimination revealed!

The sixth season of Bigg Boss is into its 13th week, with 8 members left in the house, after Raj got eliminated last week....

Huge update on Pawan Kalyan’s next

Pawan Kalyan had been actively lining up new films with young filmmakers. Here’s a very interesting update on his next film with Sujeeth. This project...

Mahesh Babu leaves Adivi Sesh with tears in eyes

Superstar Mahesh Babu is always encouraging of young talent. He even produced Adivi Sesh’s Major which didn’t just win critical acclaim but also went...

Mahesh Babu back to work

Mahesh Babu had been grieving the passing of his father, superstar Krishna. It was even heard that he hadn’t been talking to outsiders. Cut to...

Politics

Viveka’s murder case transferred to Hyd’s CBI Court

Former Minister YS Vivekananda Reddy's Murder case has taken another turn. The Supreme Court gave a key verdict on the trial of this case....

AP gets new Chief Secretary

In a major change in Andhra Pradesh's top-level administration, the state government, headed by Chief Minister YS Jagan Mohan Reddy, has appointed senior IAS...

How did the Malla Reddy educational institutes become so corrupt?

The Malla Reddy educational institutes are one of the most widely recognized institutes in the Telangana state, with thousands of students. These institutes are run as government...

Jagan’s seniors continue to disappoint him!

For any political party, the necessity of having strong and formidable members as part of their party is highly essential for the long sustenance...

Nadendla Manohar reacts seriously to Jagan’s ‘Rowdy Sena’ comment

During his visit to Narasapur in the West Godavari district, Chief Minister Jagan Mohan Reddy addressed a public meeting on Monday, during which he...

Most Read

Pic Talk: Pooja looks sensational in ravishing red

Pooja Hegde needs no introduction to movie buffs. Butta Bomma stood out as one of the leading actresses in the South film industry by...

Bigg Boss Season 6, 13th week elimination revealed!

The sixth season of Bigg Boss is into its 13th week, with 8 members left in the house, after Raj got eliminated last week....

Huge update on Pawan Kalyan’s next

Pawan Kalyan had been actively lining up new films with young filmmakers. Here’s a very interesting update on his next film with Sujeeth. This project...

Mahesh Babu leaves Adivi Sesh with tears in eyes

Superstar Mahesh Babu is always encouraging of young talent. He even produced Adivi Sesh’s Major which didn’t just win critical acclaim but also went...

Mahesh Babu back to work

Mahesh Babu had been grieving the passing of his father, superstar Krishna. It was even heard that he hadn’t been talking to outsiders. Cut to...