The Board of Control for Cricket in India (BCCI) commenced with e-auction of Indian Premier League (IPL) media rights immediately. As per sources, day one appears to have closed at Rs 43,050 crore for each Package A– tv rights and Package B– digital rights. Just the 2 packages have managed to drive the costs practically 1.6 occasions above what Star India had paid in 2017 at Rs 16,347.5 crore for the consolidated media package deal.
The Package A which consisted of TV broadcast rights within the Indian subcontinent had a base worth of Rs 49 crore per sport. At the tip of day one, it’s believed that this worth rose to Rs 57 per sport. Similarly, Package B, which entailed, digital rights was set at a base worth of Rs 33 crore per sport, has already clocked a forty five% rise to face at Rs 48 crore per sport. It is known that on the finish of day one, TV broadcast rights stood at Rs 23,370 crore whereas digital rights have been value Rs 19,680 crore for 5 years.
It is to be famous that the data has not been formally confirmed by the BCCI.
Day two, which is able to start tomorrow at 11 am, is not going to solely proceed with the bidding of Package A and B however may even begin with the public sale of Package C (non unique 18 matches) and Package D (International rights).
To give a recapitulation, Package C has been launched for the primary time and provides solely 18 video games with non-exclusive rights. This package deal is about at Rs 16 crore per sport, amounting to Rs 288 crore per 12 months and Rs 1,440 crore for 5 years. Package D, then again, is worldwide broadcasting rights which comes at a base worth of Rs three crore per sport with the mixed worth coming to Rs 1,110 crore for 5 years.
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Source: www.financialexpress.com”