IPL Media Rights Auction Live: The auction of media rights for the world’s richest cricket league. Which includes media giants like Disney and Sony Corporation, is seeking broadcasting rights that could fetch the Cricket Board of India more than $6 billion, on the third day has spread, a board official said Monday. The online auction for television and digital broadcasting rights from 2023 to 2027. The Indian Premier League is a two-month cricket league that garners top television ratings. Started on Sunday morning and continued all day on Monday.
19:40 (PM) 13 June – Update: Package D – The rest of the world rights: Australia and the European region (including the UK market) have moved to Viacom: Source
19:10 (PM) 13 June – Therefore, Disney (Star Sports) has paid Rs 23,575 crore for IPL TV rights for the Indian subcontinent. Viacom18, on the other hand, has spent Rs 20,500 crore on digital rights in India.
06:49 (PM) 13 June – UPDATE: According to reports, Disney (Star Sports) has acquired Package A – TV rights for the Indian subcontinent.
IPL media rights auction extended for the third day
06:40 (PM) 13 June – IPL media rights auction extended for the third day
The auction of media rights for the world’s richest cricket league, in which media giants like Disney and Sony Corporation are fighting for broadcasting rights. Cost the Cricket Board of India more than 6 billion, a board official said on Monday. The third day is over, a board official said Monday. . The online auction for television and digital broadcasting rights for the Indian Premier League from 2023 to 2027. A two-month-old popular cricket league that enjoys top television ratings, started on Sunday morning and continued throughout the day on Monday. The auction was expected to end on Tuesday, but the official declined to be named because he did not have the authority to speak to the media on the matter, he told Reuters.
06:31 (PM) 13 June – UPDATE: Package C closed at Rs 18.5 crore per game on the second day. The total number of matches in Package C is 98. Bidding for packages C and D will continue tomorrow.
06:18 (PM) 13 June – According to sources, the sale took place in 3 out of 5 sectors in Package D today.
06:08 (PM) 13 June – According to reports, the bid amount for Package C is Rs 1,700 crore (approximately). It will increase further when the auction resumes tomorrow.
06:05 (PM) 13 June – UPDATE: The second day of the IPL media rights auction has come to an end. Bidding for Package C will continue tomorrow. The operation will begin at 11 a.m. Tuesday.
05:34 (PM) 13 June – Update: Bidding is on for Package C and it has reportedly crossed Rs 17 crore per game.
04:45 (PM) 13 June – Importance of Package C: All major players want to own this digital package. If a company wins India’s digital rights and loses non-exclusive rights, it loses huge revenue (advertising and subscriptions) for 18 games that can be accessed on any other platform. Companies will want to buy it to end the competition.
04:28 (PM) 13 June – Package D combines TV and digital rights for all IPL games for overseas markets
04:27 (PM) 13 June – Package C includes non-exclusive digital rights to 18 games, including opening games, finals, three playoffs, and some weekend double-headers.
04:03 (PM) 13 June – Bidding for packages C (non-exclusive digital packages) and D (foreign TV and digital rights) will begin in the next half hour.
IPL TV and digital rights sold for Rs 44,075 crore
03:57 (PM) 13 June – IPL TV and digital rights sold for Rs 44,075 crore
According to ongoing e-auction sources, the IPL media rights for the 2023-2027 cycle were sold on Monday for 410 matches for Rs 44,075 crore. According to the latest information with ANI. TV package A has been sold for Rs 23,575 crore which is Rs 57.5 crore per match. Digital rights package B for India has been sold for Rs 20,500 crore which is Rs 50 crore per match. The bid is yet to come but the price of a TV and a digital right is Rs 107.5 crore per match. According to ANI sources, two media houses have won bids, one for TV and the other for digital. The cost of media rights has doubled in 2017 compared to what Star India paid.
03:36 (PM) 13 June – There is no official word yet on who will receive Package A.
03:13 (PM) 13 June – Viacom18 carries package B which includes digital rights for the Indian subcontinent
02:54 (PM) 13 June – The TV is priced at Rs 23,575 crore. Digital Rs 20,500 crore Totals: Rs 44,075 crore for 410 matches. For packages, A and B. There will be two different broadcasters of the IPL
02:44 (PM) 13 June – A challenging B is over. Digital has touched Rs 50 crore per game. The TV is priced at Rs 57.5 crore. The total cost is Rs 107.5 crore
02:42 (PM) 13 June – Just to recall that Star India was the current holder of IPL rights for the 2017-22 cycle. With a winning bid of Rs 16,347.50 crore for both TV and digital in September 2017. Earlier, Sony Pictures Networks had won the IPL TV media rights. Ten-year term with a bid of Rs 8,200 crore at the start of the tournament
02:22 (PM) 13 June – In addition to packages A and B, which are television and digital groups for the Indian broadcasting sector, there are two other packages in the field – such as Package C, which has 18-game non-exclusive special matches (base price is Rs. Crore) and Package D, which is the rest of the world’s rights (base price Rs. 3 crores).
0:02 (PM) 13 June – The bidding has begun
01:55 (PM) 13 June – IPL Media Rights Auction, Day 2: Bidding for TV, Digital Goes Up to Rs 43,255 Crore
01:49 (PM) Jun 13 – There will be a re-bid between winners of TV and digital rights, starting shor
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