#Viacom18/ Reliance ipl rights

[don-lichterman]

IPL media rights: BCCI hits jackpot

IPL media rights: BCCI hits jackpot

THE THREE-DAY e-auction of media rights for the IPL’s 2023-2027 cycle has fetched the BCCI Rs 48,390 crore, with Disney-Star bagging TV rights for the Indian subcontinent and Viacom18/ Reliance sweeping the digital segment. The bidding was done on a per-game basis, which means the rights holders will collectively pay the cricket board Rs 118.02 crore per match for the next five-year cycle.…

[newsupdatesbykiara]

Mukesh Ambani's consumer empire gets a cricket spin with IPL digital rights

After solidifying his control of a $2 telecom carriage business, the world’s seventh-richest man is seeking his next fortune in a $1 content-streaming enterprise. Actually, the spoils from the digital rights for Indian Premier League cricket, snagged by billionaire Mukesh Ambani’s Viacom18 by dethroning Walt Disney & Co. for the next five years, aren’t even at the $1 mark yet. Disney+ Hotstar, primarily a service for cricket-loving Indians that’s also available in some other Asian markets, has 50 million subscribers and rapid growth. But the monthly average revenue per user for the partly ad-supported app is just 76 cents, a drag on what Disney+ makes from customers elsewhere who pay the full cost of entertainment.

The streaming rights for IPL, the Super Bowl of cricket, have gone for 205 billion rupees ($2.6 billion), according to media reports. Viacom18 Media Pvt.

[stoccoin]

Billionaire Mukesh Ambani’s conglomerate will stream Indian Premier League cricket games for free, according to people familiar with the matter, using its exclusive rights to one of the world’s most-watched sporting events to challenge Walt Disney Co. and Amazon.com Inc. in India’s booming media market. Viacom18 Media Pvt., the joint venture between Paramount Global and Ambani’s conglomerate Reliance Industries Ltd., licensed the IPL streaming rights last year for $2.7 billion, fending off competitors Disney and Sony Group Corp. Disney previously had those rights, and used them to drive subscribers to its streaming service, Disney Hotstar. #Stoccoin #JioCinema #MukeshAmbani #IPL #Hotstar https://www.instagram.com/p/Co9L_nKvTcx/?igshid=NGJjMDIxMWI=

[shivagdm]

IPL Media Rights: Amazon Pulls Out of Bidding War, Viacom18 is Strongest Contender, Says BCCI

IPL Media Rights: Amazon Pulls Out of Bidding War, Viacom18 is Strongest Contender, Says BCCI

The much-anticipated duel between Jeff Bezos and Mukesh Ambani for acquisition of one of world’s costliest sporting properties won’t materialise now as OTT giants Amazon on Friday pulled out of IPL media rights bidding, scheduled to start on Sunday. Reliance Industries Limited owned Viacom18 is considered to be one of the strongest contenders both in TV and digital space. Bezos-funded Amazon was…

[dailyupdate-24]

IPL Media Rights: Amazon Pulls Out of Bidding War, Viacom18 is Strongest Contender, Says BCCI

IPL Media Rights: Amazon Pulls Out of Bidding War, Viacom18 is Strongest Contender, Says BCCI

The much-anticipated duel between Jeff Bezos and Mukesh Ambani for acquisition of one of world’s costliest sporting properties won’t materialise now as OTT giants Amazon on Friday pulled out of IPL media rights bidding, scheduled to start on Sunday. Reliance Industries Limited owned Viacom18 is considered to be one of the strongest contenders both in TV and digital space. Bezos-funded Amazon was…

[harpianews]

IPL broadcast could have a number of streams, spectators can select particular person digital camera angles to observe the sport

IPL broadcast could have a number of streams, spectators can select particular person digital camera angles to observe the sport

The IPL, which will likely be aired on OTT from subsequent season, could have a number of video streams and viewers can select from which digital camera angle they wish to watch the match. Streaming will occur by way of ultra-high definition. Viacom18 acquired the digital rights of the IPL earlier this 12 months. Reliance Jio Infocomm Chairman Akash Ambani on Monday knowledgeable Reliance…

[taajx]

"It's About Business And Not Cricket": Ex-Pak Captain On IPL Media Rights

“It’s About Business And Not Cricket”: Ex-Pak Captain On IPL Media Rights

The Indian Premier League (IPL) media rights for the 2023-27 cycle created a lot of hype recently as it was sold for over Rs 48,000 crore. At the IPL media rights e-auction Disney Star retained the TV telecast rights with a bid price of Rs 23,575 crore. Reliance’s Viacom18, won the rights for package C with a Rs 3,258 crore winning bid. As a result of this, Viacom, who also won the rights for…

[quotidiantimes]

IPL media rights: Indian billionaire Ambani bets billions on cricket

IPL media rights: Indian billionaire Ambani bets billions on cricket

A venture backed by Ambani has won the digital rights to air the Indian Premier League (IPL), one of the world’s most valuable sports properties. Viacom18 — a joint venture between Paramount and Ambani’s Reliance Industries — has secured the streaming rights for about 238 billion rupees ($3.05 billion), Jay Shah, secretary of the Board of Control for Cricket in India, said on Twitter…

[ultimateketomealplan]

Nita Ambani on Viacom18 Bagging IPL Digital Rights

Nita Ambani on Viacom18 Bagging IPL Digital Rights

A day after Viacom18 bagged the digital rights of IPL for the next five years, Nita Ambani, Director of Reliance Industries, said that the company aims to produce a world-class IPL coverage and wants to take it to every household in India. Reacting for the first time after the e-auction, Mrs Ambani said that IPL personifies the best in India and the tournament will reach every household in the…

[digitaltrand]

IPL digital rights our first major foray into cricket, says Viacom18

IPL digital rights our first major foray into cricket, says Viacom18

Representative image Viacom18, which has won the rights to digitally stream Indian Premier League (IPL) matches in the Indian subcontinent from 2023 to 2027, described the acquisition as its “major foray” into cricket. The media group, which is a joint venture between the Reliance Industries Ltd (RIL)-backed Network18 and American media giant ViacomCBS, has also won the India digital rights for…

[shlipayadavblog]

IPL media rights sold for Rs 48,390 cr for five years, announces Jay Shah

The BCCI on Tuesday reaffirmed its status as a cricketing behemoth by securing one of the biggest broadcast deals in the history of the sport, fetching an eye-popping Rs 48,390 crore ($6.20 billion) through IPL media rights for a five-year period, starting 2023.

While Disney Star retained their Indian sub-continent TV rights with a figure of Rs 23,575 crore (Rs 57.5 crore/game), the most sought-after India digital rights deal was acquired for Rs 23,758 crore by the Reliance-backed Viacom18.

The deal for package A and B is for 410 matches across five years with 74 matches each in 2023 and 2024 and 84 each in 2025 and 2026. The 2027 edition will have 94 games.

Viacom18 entered the fray through a consortium which has former Star India head Uday Shankar (Bodhi Tree) and James Murdoch (Lupa Systems) in it.

"I am thrilled to announce that STAR INDIA wins India TV rights with their bid of Rs 23,575 crore. The bid is a direct testimony to the BCCI's organisational capabilities despite two pandemic years," BCCI secretary Jay Shah tweeted.

"Since its inception, the IPL has been synonymous with growth & today is a red-letter day for India Cricket, with Brand IPL touching a new high with e-auction resulting in INR 48,390 cr value. IPL is now the 2nd most valued sporting league in the world in terms of per match value," Shah added.

The IPL, in terms of sheer valuation, will now be bracketed in the top-most sporting properties alongside National Football League (USA), National Basketball Association (USA) and English Premier League (England), the most watched sporting event in the world.

[techvercy]

Disney and Viacom18 said to acquire media rights for IPL cricket tournament – TechCrunch

Disney and Viacom18 said to acquire media rights for IPL cricket tournament – TechCrunch

Disney and Mukesh Ambani-backed Viacom18 have won the five-year media rights for the Indian Premier League cricket tournament, according to several local sports journalists, beating rivals including Sony to a license that gave the California-headquartered giant a big leg up in amassing over 200 million subscribers. Viacom18 — a venture between Reliance and Paramount —  scored the streaming rights…

[newsupdatesbykiara]

Top Headlines: IPL media rights & Viacom18, CBDT on cross-border disputes

Digital media rights for IPL matches could lift the OTT play of Reliance Industries-led Viacom18, posing a challenge for the current leaders. Authorities will allow the country’s taxpayers to access the mutual agreement procedure (MAP) for cross-border disputes. Read more on these in our top headlines.

IPL media rights likely to open floodgates for Viacom's OTT powerplay

Digital media rights for IPL matches could lift the OTT (over the top) play of Viacom18, posing a challenge for the current leaders. The Reliance Industries-led Viacom18 is believed to have won the digital rights, though no formal announcement was made on Monday. Read more

CBDT issues fresh guidance on cross-border disputes for taxpayers

Authorities will allow the country’s taxpayers to access the mutual agreement procedure (MAP) for cross-border disputes. This is even if they had settled the case under the direct tax dispute resolution scheme — Vivad se Vishwas — without deviating from the outcome of the scheme, said the Central Board of Direct Taxes (CBDT) on Monday. Read more

[shivagdm]

IPL: Viacom18 Said to Win Digital Rights, While Disney Star Lands TV Again

IPL: Viacom18 Said to Win Digital Rights, While Disney Star Lands TV Again

Billionaire Mukesh Ambani’s media venture won the digital streaming rights to the Indian Premier League, outbidding entertainment giants including Walt Disney Co. and Sony Group Corp., according to a person familiar with the matter. Online rights to the popular annual cricket tournament were awarded to Viacom18 Media Pvt., a joint venture between Paramount Global and Ambani’s Reliance Industries…

[ultimateketomealplan]

IPL Media Rights Fetches INR 48,390 crore, Viacom18 Bags Digital Rights

IPL Media Rights Fetches INR 48,390 crore, Viacom18 Bags Digital Rights

Reliance-backed Viacom18 bagged the digital rights for IPL for a five-year period (2023 to 2027) shelling out Rs 20,500 crore and winning the non-exclusive Package C (digital rights of 18 non-exclusive marquee games per season), paying another Rs 2991 crore. Disney Star retained its Indian sub-continent legacy rights with a figure of Rs 23,575 crore (Rs 57.5 crore/game). “Since its inception, the…

[ultimateketomealplan]

Amazon Pulls Out; Star, Viacom18, Sony, Zee in 4-way Race

Amazon Pulls Out; Star, Viacom18, Sony, Zee in 4-way Race

The much-anticipated duel between Jeff Bezos and Mukesh Ambani for the acquisition of one of the world’s costliest sporting properties won’t materialise now as OTT giants Amazon on Friday pulled out of IPL media rights bidding, scheduled to start on Sunday. Reliance Industries Limited-owned Viacom18 is considered to be one of the strongest contenders both in the TV and digital space. Bezos-funded…