IPL 2023-27 media rights offered for INR 44,075 Crores: Sources: The Indian Premier League’s media rights for the following five-year cycle have breached the INR 40,000 Crores mark on day 2 of the excessive stake bidding. The precise worth for the IPL 2023-27 media rights is marked at INR 44,075 Crores as per the sources who’re within the know of the event.
The world’s profitable cricket league has shattered all its previous information because the media rights worth swells over forty thousand crores on day two. The IPL is now solely second to America’s NFL by way of media rights. Media rights of the NFL are valued at INR 136 crores per match.
As per the most recent data, the TV rights (Package A) is offered at INR 23,575 Crores which is able to draw Rs 57.5 Crores per match whereas the Digital Rights (Package B) has been offered for INR 20,500 Crores which makes Rs 50 Crores per match. Both the packages had been for the Indian subcontinent area for full IPL matches within the subsequent 5 years.
The particulars of the winners of the media rights in every package deal are but to be revealed by the BCCI, nevertheless, it may be confirmed that the entire worth per match of the IPL is Rs 107.5 crore (TV + Digital).
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The media rights worth of the Indian Premier League (IPL) has grown over 2.5 occasions than what Star paid the BCCI again in 2017 for the 5 years.
Even although the BCCI hasn’t confirmed the small print of the winners, a number of information shops have reported that Sony has gained the TV rights whereas Viacom 18 has bagged the digital rights.
The bidding for the 2 different packages (C&D) will spill to day three, verify the BCCI on Monday. Package C comprises 18 particular matches in every IPL season whereas Package D may have all TV and digital matches for the abroad viewers.
Stay Tuned for additional developments……
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