IPLsports IPL cricket media rights sold for $6.2 billion by News Line June 15, 2022 written by News Line June 15, 2022 11 views 11 IPL cricket media rights sold for $6.2 billion The Board of Control for Cricket in India (BCCI) has announced that it has sold the broadcasting rights of the Indian Premier League (IPL) tournament to the world media for the next five seasons for Rs 6.2 billion. Announcing the results of the 3-day online auction, Board of Control for Cricket in India (BCCI) Secretary J Shah tweeted that the IPL is now the second-highest in the world in terms of value per match. The league is valuable. The payoff for the rights to one of the world’s most-watched sports competitions is 2.55 billion, down from what Star India paid for the last five seasons from 2017 to 2022. The BCCI added that the US-owned Disney-owned Star retained domestic TV rights for 3.1 billion for the next five seasons from 2023 to 2027, compared to two months a year. Read Tyreek Hill reveals why he really left the chiefs But digital rights sold for more than 3.0 billion, reflecting the expectation that more people in India and abroad will watch matches on digital devices. The buyer was Viacom 18, a joint venture between Reliance, a company owned by Indian business tycoon Mukesh Ambani, and Paramount Global, a US-based investment group allegedly backed by James Murdoch. The BCCI treasurer wrote on Twitter that this season I have become a major player and buyer of digital media TV channels. Attracting some of the world’s leading cricket stars with huge and attractive salaries, the IPL helped to make the Twenty 20 hugely popular which attracted millions of spectators and similar cricket all over the world. Leagues also flourished. Last season, the league included 10 franchises that competed in 74 matches. In the final of the event in Ahmedabad, 150,000 spectators watched the match at the cricket stadium while millions watched on television and smartphones. But watching the final match of the league. Japan’s Sony was also in the running for the rights auction, which televised the event for the first 10 years after the start of the IPL in 2008. Jeff Bezos’s Amazon, which spent millions of dollars to acquire the rights to European football and American football, reportedly initially expressed interest in the IPL but later withdrew. 0 comment 0 FacebookTwitterPinterestEmail News Line Blogger and Content writer previous post Scholarships in Saudi Arabia for Pakistani Students 2022 next post Bishop Kelly High School mourning two teens killed in crash on I-184 Related Posts Morocco Earthquake, Ronaldo opens his luxury hotel for earthquake victims September 10, 2023 5 Exercises You Can Do With Your Hand Gripper August 8, 2023 Larry Nassar stabbed multiple times at federal prison, report July 11, 2023 American Wrestler Billy Graham died at the age of 79 May 18, 2023 Ronaldo is the most international matches playing footballer now March 24, 2023 Get PSL 8 tickets online on 50% discount for students February 17, 2023 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment.