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The IPL media rights have changed hands with Star knocking out close competitors Sony and Facebook, with a composite bid of Rs 16,347.5 cr to bag the TV, digital rights for India and rest of the world until 2022. This is the biggest-ever cricket rights deal so far, even breaking the previous record of $1.98 bn for ICC rights, which too are held by Star.
BCCI has hailed the 10th season of the IPL as an all-round success with TV viewership, stadium attendance and social media numbers, surpassing those of the previous editions.
The next cycle of IPL media rights could be for a period of five and not 10 years. The move is expected to maximise revenues for the BCCI in the short term.
On the opening day of the tenth season, the IPL and Twitter have come together to unveil an Indian and cricketing-world first by releasing special Twitter emojis for 30 of IPL’s biggest superstars.
Nimbus has been asked to pay the BCCI Rs 328.405 crore after it lost a five-year arbitration case with the India cricket board.
BCCI invites bids for team sponsorship of national cricket team. The rights run from 1 April 2017 until 31 March 2022.
In a stinging blow, the Supreme Court has passed an order removing Thakur and Shirke as prez and secretary of BCCI.
The Lodha panel wants former home secretary GK Pillai to be an observer to supervise the board’s administration with a power to appoint an auditor and all necessary secretarial staff, assistance and remuneration as may be determined appropriate by the committee.
BCCI to sell next cycle of IPL rights through tender. What course of action Sony takes remains to be seen. By keeping TV rights tenure for Indian subcontinent 10 years, BCCI ensures price will reach stratospheric heights. International and digital rights, on the other hand, are for a 5-year period.