Home / News / India /  IPL Media Rights Auction Day 3: BCCI to reveal names of bid-winners today

The Board of Control for Cricket in India (BCCI) is holding the e-auction for the next five years of media rights for the Indian Premier League (IPL) (2023-27). On June 12, the first-ever media rights e-auction for the IPL began. The process was expected to take time, and the eventual bidders’ names were thought not to be revealed for several days. However, it seems like things will be much clearer the third day on June 14.

The IPL TV and digital rights were sold for 44,075 crore on Day 2 of the auction. Despite the fact that the names of the bid-winners have not been officially confirmed, media reports imply that Sony secured TV rights for 23,575 crore and Viacom18 won digital rights for 20,500 crore.

While most media reports claimed that Sony had secured the TV rights, some reported that it was Star that had won the bid for the same. At the moment, everything seems to be in a speculative stage. Today, the BCCI is expected to reveal the names of the bid-winners for TV and digital rights.

The Indian broadcast rights for each match were sold for 57.5 crores, while the internet rights were sold for 50 crores each match. Each match is worth 107.5 crore in TV and internet rights.

On June 13, the bidding for non-exclusive rights and foreign broadcasting rights began. The bidding procedure, as expected, proved to be extended and would continue on June 14. ANI sources say the non-exclusive rights proposal is worth 17 crore each game. The BCCI previously established the basic price at Rs. 16 crore. With an entire day in hand, the winners may well be decided today itself for the said categories.

In 2017, Star paid the BCCI 16,347 crore. The BCCI was expected to earn at least twice as much money this season because the base price of IPL media rights is 32,890 crore. Now that TV and digital rights have been auctioned for 44,075 crore, the BCCI is on course to collect significantly more than 50,000 crore (almost three times what Star paid in 2017).

Sounak Mukhopadhyay
Sounak Mukhopadhyay, who also goes by the name Sounak Mukherjee, has been producing digital news since 2012. He's worked for the International Business Times, The Inquisitr, and Moneycontrol in the past. He's also contributed to Free Press Journal and TheRichest with feature articles. He covers news for a wide range of subjects including business, finance, economy, politics and social media. Before working with digital news publications, he worked as a freelance content writer.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Recommended For You
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout