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Business News/ News / India/  IPL media rights e-auction highlights: Day 1 bid for TV, digital ends at 43,050 cr
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IPL media rights e-auction highlights: Day 1 bid for TV, digital ends at ₹43,050 cr

BCCI  began the online bidding for the rights from Sunday, treasurer. Catch all updates here

BCCI began the online bidding for the rights from Sunday, treasurer. Results are expected later on Sunday.  (PTI)Premium
BCCI began the online bidding for the rights from Sunday, treasurer. Results are expected later on Sunday.  (PTI)

The IPL media rights value for the 2023-2027 cycle has gone past 42,000 crore and is expected to go even higher, as per reports. This is nearly three times more than what Star India paid in the year 2017.

12 Jun 2022, 07:02:06 PM IST

Day 1 bidding for both TV, digital ends at ₹43,050 cr

Day 1 of the IPL media rights auction for both TV and digital ended at 43,050 crores on 12 June, reported news agency ANI.

 

12 Jun 2022, 04:45:23 PM IST

Bids hike up to ₹42K cr for both package A, B

IPL media rights auction bids hike up to 42,000 crores for both Package A and B. The bids per match (India) have reached 100 crores for TV and digital, reported news agency ANI on 12 June.

 

12 Jun 2022, 03:00:39 PM IST

Winners likely to be announced on 13 June

The winners of the IPL Media Rights will be announced on 13 June after the entire bidding process is complete, which includes bundles C and D. As per estimation, IPL media rights have crossed 40,000 crore so far.

12 Jun 2022, 02:02:17 PM IST

Only bidding amount to be visible 

The bidders who are participating in the e-auction can only see the amount in the screen,however the the names will not be disclosed during the process.

12 Jun 2022, 01:49:07 PM IST

Lalit Modi's tall claim: ₹75,000 crore for IPL media rights

I predict that this new IPL media rights tender will fetch close to 8 to 10 billion dollars. I believe this is the value of a genuinely global and world-class product.

12 Jun 2022, 01:49:07 PM IST

IPL bidders get ready for auction amid speculation

In the just-concluded IPL season, ad rates for a 10 second spot ranged between 15 lakh and 18 lakh. A TV network executive said if the cricket property is sold at 40,000 crore for five years, the winner would have to sell the advertising spots for 50 lakh per 10 second. Read more 

12 Jun 2022, 12:38:28 PM IST

Base Price is more than ₹32,000 crore

The last time, Star India bought rights for both TV and digital with a composite bid of 16,347.50 crore but this time the composite base price is more than 32,000 crore.

12 Jun 2022, 12:37:32 PM IST

Battle for the Digital

Dream11, FanCode while Sky Sports (UK) and Supersport (South Africa) will be vying for overseas TV and digital rights.

12 Jun 2022, 12:35:38 PM IST

Hottest property in cricket

"IPL is the hottest property in cricket and it has just been expanded to a 10-team tournament, which means there will be more matches," Dhumal said. "All of it should reflect in the value of the new media rights, which we expect to be significantly higher than our previous deal."

12 Jun 2022, 12:34:11 PM IST

M-Junction is conducting the IPL media rights auction

E-auction agency M-Junction is conducting the IPL media rights auction 

12 Jun 2022, 12:30:09 PM IST

Categories of IPL media rights

There are four categories for which bidding will take place

They are

Package A - 49 crore per match

Package B - 33 crore per match

Package C - 11 crore per game

Package D - 3 crore per game

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