Big Payday For BCCI! Star India Shell Out Rs 6138 Crore for Media Rights
NEW DELHI: Star India has once again topped the competition for international cricket matches in India. In a three-day-long e-auction, its rivals have retained the rights of Sony and Reliance Jio. Star auction 6 thousand 138 crores 10 lakh. Wednesday The auction held at Rs 6,032.5 crore last Thursday. After adding another 105.5 crores, Sony and Jio firms have withdrawn from the competition. Sony posted a sum of Rs 6,118.59 crore in the auction. The star that went further went to become the winner.
According to it, the global television broadcasts and digital broadcasts global consolidated bid (GCR) of matches in India over the next five years. Star paid Rs.3,851 crores for broadcast rights similar to five years ago. In comparison, it is now more than 59 percent higher than that. According to the latest deal, the star is paying Rs 60.17 crores to the board for each match.
Already with the prestigious IPL franchise, the star monopoly has further increased its grip on Indian cricket. The same star pays Rs 54.5 crore for each match in IPL. The two ‘most valuable’ broadcast rights in cricket, along with the rights of ICC tournaments, are with the star. In the latest deal, the Indian men’s international matches, along with the International Women’s Cricket World Cup and the men’s domestic tournaments, will also have star status.
IPL revenue is 50-50
The long-running controversy between the star and the Doordarshan was to screen IPL matches. The two companies agreed to share half of the revenue after the final meeting on Thursday. In any way, this is a big success for the governmental organization. However, IPL matches are broadcast one hour delay on the Doordarshan channel.
Duration: 2018-2023 (Five Years)
– Total matches: 102 (22 Tests, 45 ODIs, 35 T20s)
– The amount paid for a match: Rs. 60.17 crores
– Star rights to the current star: matches from ICC, IPL, India, Bangladesh and New Zealand.
– Right now Sony’s hands-on broadcast rights include England, Australia, South Africa, Pakistan, West Indies, Sri Lanka, Zimbabwe, and UAE.
In the last half of the year, Indian cricket broadcasters have a look at the …
-1992: Telecast of Rs. 5 lakh counterfeits were demanded.
-1993: England tourism rights in India ($ 6 million-Transworld International)
-1993: Hero Cup (5 million 50 thousand dollars-Transworld International)
-1999: $ 54 million for five years (television)
-2006: 22 Tests, 55 ODIs ($ 612 million – Nimbus)
– 2010: 436 million dollars (Nimbus) for four years
-2012: $ 750 million for a year (star)
-2014: $ 944 million (star)