IPL media rights auction highlights: STAR India sweeps all rights with world-record bid of Rs 16,347.5 crore

[Kool_SRG]

STAR India won the Indian Premier League media rights (TV and digital) for 2018-2022 with a bid of Rs 16,347.5 crore. The Board of Control for Cricket in India (BCCI)-organised auction took place in Mumbai. Following are the highlights of the IPL media rights auction.

STAR India won the Indian Premier League (IPL) global media rights from 2018-2022 with a consolidated bid of Rs 16,347.5 crore. Initially, 24 companies picked up rights papers to contest for the several rights up for grabs in the auction organised by the BCCI. Several big companies like Facebook, Amazon, Twitter, Yahoo, Reliance Jio, STAR India, Sony Pictures, Discovery, Sky, British Telecom and ESPN Digital Media purchased the bid. The bids were divided into television and digital rights. Following are the highlights of the IPL media rights auction.

14:45 hrs IST: STAR India piped the 13 other companies to win the global media rights and their huge bid of Rs 16,347.5 crore ensured that they will hold all the rights from 2018 to 2022.

14:30 hrs: Here’s a look at the all the bids from the companies -

 

 

14:07 hrs IST: I would like convey my delight at finally being able to bring IPL to the rightful home, says Uday Shankar, the STAR India chairman.

14:00 hrs IST: I would like convey my delight at finally being able to bring IPL to the rightful home: Uday Shankar, the STAR India chairman.

13:50 hrs IST: Sony Pictures bid Rs 11,050 crore for India broadcast rights, STAR India bid Rs 6196.94 crore for India broadcast rights but Sony didn’t bid for other rights, except for one of Rs 84.50 crore while Star bid for all other rights and won due to its consolidated bid.

13:33 hrs IST: Star India wins India broadcast, India digital and the rest of world broadcast and digital.

13:29 hrs IST: It seems that STAR India’s global bid of Rs 16,347.5 crores will be accepted. Highest territorial combined bid was R 15,819.54 crore.

13:25 hrs IST: Sony, Star India, Supersort, Yupp TV, Econet, Gulf DTH OSN, Perform media, Airtel, Reliance Jio, Times Internet, Facebook, Followon Interactive and BeIN Sports were rendered eligible to bid.

13:19 hrs IST: Big names like Amazon, ESPN Digital Media, Twitter and Discovery refrained from entering the bidding process for the Indian Premier League media rights.

13:08 hrs IST: Sony Pics and Star India are the only two for India TV broadcast rights but they are also eligible to bid for all other rights.

12:50 hrs IST: Rest of the world eligible - SuperSport, Yupp TV, Econet, OSM (Gulf DTH).

12:47 hrs IST: Eligible for India digital - Airtel, Reliance Jio, Times internet, Facebook.

12:46 hrs IST: India broadcast - Sony and Star are eligible as the battle intensifies.

12:43 hrs IST: BeIN Sports have not provided their financial statement due to the laws of Qatar and their participation will depend on an e-mail stating that they will not be able to provide the document due to government regulations.

12:41 hrs IST: BamTech is disqualified because a lot of fundamental documents were missing from their bid.

12:35 hrs IST: Experts believe the Indian television broadcast rights are going to fetch the highest bid, but it is the digital rights which see the highest potential.

12:30 hrs IST: Interested companies can bid for all of the seven companies. The highest eligible bid win rights in each category. Also, BCCI has allowed a global bid, which will only win if it is higher than the sum of all highest individual bids.

12:21 hrs IST: The tension at the Indo-China border, however, has resulted in a sharp drop in July and August for Vivo and Oppo smartphone sales and there may be some uncertainty over title sponsorship in future.

12:18 hrs IST: In June, Chinese handset maker Vivo had bid a whopping Rs 2,199 crore to pocket the IPL title sponsorship rights, a significant jump over the initial Rs 50 crore per year price that DLF paid for the first five seasons.

12:10 hrs IST: IPL media rights are divided into seven different categories — Indian television rights, Indian digital rights, the US, Europe, Africa, the Middle East and rest of the world.

11:59 hrs IST: On August 31, ET had reported that even by conservative estimates, the rights are expected to fetch between Rs 12,000-14,000 crore.

11:50 hrs IST: Reliance Jio are clearly the dark horse in this auction and if there are able to get some of the rights, it can be a big win for the company.

11:34 hrs IST: The digital rights belong to STAR India currently and with big names joining the auction, it will be a tough fight.

11:28 hrs IST: Sony Pictures held the broadcast rights of the Indian Premier League after it paid Rs 8,200 crore for a 10-year deal in 2008.

11:20 hrs IST: According to some reports, it seems that technical evaluation to take approximately 2-3 hours.

11:13 hrs IST: This auction has seen a lot of bids from digital platforms and the contest for the digital broadcasting rights will surely be a tough one.

11:09 hrs IST: Chennai Super Kings and Rajasthan Royals will be making their IPL return after two years this season.

10:58 hrs IST: The main fight seems to be between STAR India and Sony Pictures as the other big names did not submit their bids.

10:55 hrs IST: The broadcast has resumed and a decision will be announced in some time.

10:48 hrs IST: Deloitte, Cyril Amarchand Mangaldas, Sports Mechanics are evaluating technical bids

10:30 hrs IST: The evaluation process for the technical bids is currently underway.

10:24 hrs IST: Currently, Sony holds the broadcast rights of the IPL after it paid ₹8,200 crore for a 10-year deal in 2008. Star India owns the digital rights of IPL.

10:13 hrs IST: BCCI will hold the bidding for two major categories — broadcast and digital (internet and mobile) rights.

10:07 hrs IST: According to media watchers, BCCI could make a windfall gain of ₹13,000₹15,000 crore.

10:04 hrs IST: According to Duff & Phelps, a premier global valuation and corporate finance advisor, the IPL’s overall worthhas increased to $5.3 billion, from $4.2 billion last year.

10:02 hrs IST: Amazon , Taj TV , Gulf DTH, Group M, Media India, Sky Uk Ltd, ESPN Digital Media, BTG Legal Services, BTPLC , Twitter, Discovery didn’t submit the bids.

09:51 hrs IST: A total 14 companies are present for the auction. A total 24 had bought the bid documents

09:49 hrs IST: Finally, Reliance Jio, for whom former IPL CEO Sundar Raman is present.

09:48 hrs IST: Current rights holders Sony now. Econet and Perform Group follow.

09:47 hrs IST: Star India, one of the main players in fray, is called for their technical bid scrutiny. BamTech follows

09:44 hrs IST: Johri calls for OSN and Facebook for their technical bids. The process is going on fast as Airtel goes next.

9:43 hrs IST: Times Internet’s technical bid being checked next.

09:42 hrs IST: Followon and Yup TV are next up.

09:40 hrs IST: SuperSport is next.

09:39 hrs IST: Around 24 companies have entered the bid for television and digital rights of the world’s most popular T20 league. the first technical bid being checked is of DSport

09:38 hrs IST: IPL GC member Dr PV Shetty is also in attendance, Sourav Ganguly is also expected

09:36 hrs IST: 24 companies are there in the room right now. The auction will take place through the tender process. The technical bids will be opened first.

09:35 hrs IST: The BCCI office bearers are on the stage with COA member Diana Eduljee and CEO Rahul Johri

09:33 hrs IST: The auction is officially underway!

09:29 hrs IST: We are minutes away from the auction. Who will grab the all-important broadcast rights for India? Let’s find out.

09:23 hrs IST: The Board of Control for Cricket in India (BCCI) is gearing up for a windfall of over Rs 20,000 crore especially after the Supreme Court refused to direct the Board to conduct e-auction on the plea of BJP leader Subramanian Swamy.

09:14 hrs IST: This time around, 24 companies have entered the bid for television and digital rights of the world’s most popular T20 league.

09:06 hrs IST: The IPL media rights were first slated for September last year through an open-tender process. Around 18 companies were in contention then but the Supreme Court intervened to postpone the bidding.

09:00 IST: Welcome to the live coverage of the Indian Premier League media auction. 24 bidders will be looking to grab the various media rights for the next five years in this mega auction.

There will be separate bidding for USA, Europe, Middle East, Africa regions and the rest of the world. The period will be for five years.

The BCCI will conduct the bidding in the form of a tender process rather than the procedure of e-auction, something which the Indian board had opposed. The winner in each category will be determined by matching the bids which will be presented. The rights will be awarded to the highest bidder in each category. An interested party or a consortium can even make a bid for all seven categories. For India, television rights will be the most lucrative property.

Vivo are the title sponsors of the IPL, retaining the sponsorship rights for 2018-22 for approximately USD 341 million.

[Kool_SRG]

STAR SPORTS 

[Kool_SRG]

Indian Premier League more expensive than international cricket involving India

 

Star India pipped 23 other bidders to bag a five-year deal to telecast the Indian Premier League in India.

Indian Premier League's new media rights owners Star India will now pay the Board of the Control for Cricket in India even more than what it currently pays for telecasting an Indian team match in the country.

Star India pipped 23 other bidders to grab the Television rights for a whopping Rs 16,347.50 crore for a period of five years from 2018 to 2022. The bidding process took place in Mumbai on Monday.

For an India match, Star India pays BCCI close to Rs 40 crore. On Monday, Star India bought IPL media rights for a staggering US 2.55 billion or Rs 16,347.50 crore.

 

In 2008, Sony and the Singapore-based sports marketing agency World Sport Group (WSG) combined to outbid ESPN-STAR Sports network to bag a deal for 10 years. BCCI sold the global broadcast rights to the WSG-Sony combine for $918 million.

However, the relationship between Sony and BCCI turned sour after the Indian cricket board terminated Sony's contract after the first IPL season in 2008. BCCI had claimed that Sony had repeatedly violated the integrity of telecast by prematurely cutting to breaks and inserting commercials during a live match, replays and other on-field action.

The BCCI then signed a fresh broadcast deal with WSG, which was engaged in discussions with ESPN-Star Sports (ESS), NDTV and Sony to telecast the IPL. Sony edged out ESS and NDTV and signed on as the official broadcast partners for the IPL.

The nine-year deal (2009-2017) was signed for Rs 8200 crore which was more than double the earlier deal that was signed in 2008 for 10 years with the same two parties.

The companies that bid for the Television rights in India were: Star India, Amazon Seller Services, Followon Interactive Media, Taj TV India, Sony Pictures Networks, Times Internet, Supersport International, Reliance Jio Digital, Gulf DTH FZ LLC, GroupM Media, beIN, Econet Media, SKY UK, ESPN Digital Media, BTG Legal Services, BT PLC, Twitter, Facebook Inc.

Sony was the only other bidder for the TV rights of the world's richest domestic Twenty20 competition, while digital bidders included Supersport, Facebook, Airtel, and Bamtech.

The franchise-based competition began in 2008 with eight teams with owners including India's richest man Mukesh Ambani and Bollywood actors.

Of the 24 companies that bought the tender document, 14 made bids.

"India, cricket and IPL have changed dramatically since 2008, and this bid is a reflection of that," Star India Chief Executive Uday Shankar told reporters.

[Kool_SRG]

 

[TheBrahmabull]

wow

[Heroin]

8 minutes ago, TheBrahmabull said:

wow

🤓 ello

[Kool_SRG]

Ee Sony gaalla Extraa Innings over tagguddi ika...

 

Mayanthi Langer could well become Top face of IPL broadcast.

[TheBrahmabull]

25 minutes ago, Heroin said:

🤓 ello

yalo

[mahesh1]

That's crazy money. I might sound like one of those 90 year old ex-cricketers, but a part of me is sad that cricket isn't about skill or talent anymore, but instead cricket rewards mediocracy. I truly believe that the distinct lack of quality players in world cricket right now is due to the importance of the IPL. 

You don't have to go back far even - take a look at the period just a short while before the IPL and you had:

Aus: Langer, Hayden, Ponting, Gilchrist, Hussey, McGrath, Warne, Lee

SA: Smith, Kallis, AB, Amla, Pollock, Gibbs

Pak: Inzi, MoYo, Younus, Akther

India: Sachin, Viru, Dravid, Laxman, Kumble

Lanka: Sanga, Mahela, Muruli, Vaas

Eng: Strauss, Cook, Pietersen, Bell, Flintoff

NZ: Bond, Vettori, Fleming

Now look what you have left - some remaining oldies from the list above plus newcomers like Root, Kohli, Smith and Kane Williamson. No disrepect to any of these 4, but none are legends of the game, at least not yet and frankly all have played much, much weaker teams than their predecessors. Bowling standards are atrocious and batting standards aren't much better.

Still, if you can bowl a 75mph cutter or score 20 off 10 balls, that makes you the Tendulker of this decade.
 

Pakpassion website lo post copy kottina

[Kool_SRG]

3 hours ago, mahesh1 said:

That's crazy money. I might sound like one of those 90 year old ex-cricketers, but a part of me is sad that cricket isn't about skill or talent anymore, but instead cricket rewards mediocracy. I truly believe that the distinct lack of quality players in world cricket right now is due to the importance of the IPL. 

You don't have to go back far even - take a look at the period just a short while before the IPL and you had:

Aus: Langer, Hayden, Ponting, Gilchrist, Hussey, McGrath, Warne, Lee

SA: Smith, Kallis, AB, Amla, Pollock, Gibbs

Pak: Inzi, MoYo, Younus, Akther

India: Sachin, Viru, Dravid, Laxman, Kumble

Lanka: Sanga, Mahela, Muruli, Vaas

Eng: Strauss, Cook, Pietersen, Bell, Flintoff

NZ: Bond, Vettori, Fleming

Now look what you have left - some remaining oldies from the list above plus newcomers like Root, Kohli, Smith and Kane Williamson. No disrepect to any of these 4, but none are legends of the game, at least not yet and frankly all have played much, much weaker teams than their predecessors. Bowling standards are atrocious and batting standards aren't much better.

Still, if you can bowl a 75mph cutter or score 20 off 10 balls, that makes you the Tendulker of this decade.
 

Pakpassion website lo post copy kottina

[Piracy Raja]

[Damon]

5 years contract anamata 16,000 crores loo 10-15% tax tesukunna govt kee 500 crores per year anamata 

[Damon]

On 9/4/2017 at 7:06 PM, Kool_SRG said:

Ee Sony gaalla Extraa Innings over tagguddi ika...

 

Mayanthi Langer could well become Top face of IPL broadcast.

Yeah star vallu anni channels konestunnaru etv kudaa try chesaaru but ramoji thata ivvaledanta 

[Kool_SRG]

4 minutes ago, Damon said:

Yeah star vallu anni channels konestunnaru etv kudaa try chesaaru but ramoji thata ivvaledanta 

ETV already in hands of Network 18..