IPL Media Rights Tender LIVE – IPL Rights E-Auction Live Updates – The E-Auction for media rights of cricket’s hottest property, IPL, is going on in Mumbai on Sunday, June 12. While the top broadcasters of the nations are going toe-to-toe to buy media rights of the competition for the next five years, Lalit Modi has made a big and bold prediction. According to the founder of the competition, the media rights tender will fetch somewhere between INR 60,000 crores to INR 75,000 crores. Follow IPL Media Rights tender live, IPL rights E-Auction Live Updates with InsideSport.IN.
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IPL Media Rights Tender LIVE: Lalit Modi makes BIG & BOLD PREDICTION, ‘IPL Rights Tender can fetch between 8 to 10 Billion USD: Follow LIVE
“Everybody is throwing numbers on the table. But if you have to listen or believe in one number, then it is from yours truly. I predict that this new IPL media rights tender will fetch close to 8 to 10 billion dollars (between INR 60k and 75k crore). I believe this is the value of a genuinely global and world-class product,” Lalit Modi tweeted.
Meanwhile, as per the latest reports, Zee are not willing to bid for Package A as they don’t want to compete with Sony, given the proposed merger of the two companies. The primary fight is between Disney Star vs Sony Network vs Reliance Viacom18. Meanwhile, Amazon and Google had previously pulled out of the race.
IPL Media Rights Tender LIVE: Lalit Modi makes BIG & BOLD PREDICTION, ‘IPL Rights Tender can fetch between 8 to 10 Billion USD: Follow LIVE
IPL Media Rights Tender – Bidder LIST
- Package A – Indian Subcontinent Broadcast: Reliance Viacom18, Disney Star, Sony Network, Zee (Unlikely to BID) – Bidding starts at 49 Crore, Incremental BID – 50 LACS
- Package B – Digital Indian Subcontinent: Reliance Viacom18 (Jio & Voot), Disney Star (Hotstar), Sony Network (SonyLIV), Zee (Zee5), Times Internet – Bidding starts at 33 Crore, Incremental BID – 50 LACS
- Package C – Non Exclusive: Special Digital Rights Package will have 18 matches – Incremental BID – 15 LACS
- Package D – Rest of World: SuperSport, FunAsia, Times Internet – Bidding starts at 3 Crore, Incremental BID – 10 LACS
IPL Media Rights Tender LIVE: Lalit Modi makes BIG & BOLD PREDICTION, ‘IPL Rights Tender can fetch between 8 to 10 Billion USD: Follow LIVE
IPL Media Rights E-Auction – All you need to know
- When is the e-auction?
The IPL has decided to carry out the bidding for the first time via the e-auction. The E-Auctions will take place on Sunday in Mumbai at 11 AM with all bidders bidding from the confines of their own offies.
There is no end date and the e-auction will continue until all bids are exhausted.
- What is the shelf life of the rights?
The rights cycle spans for five IPL seasons: from 2023 to 2027.
- How many packages are there?
There are four packages: A, B, C and D.
- Package A consists solely of TV rights for the Indian subcontinent only.
- Package B caters to digital rights only and exclusively for the Indian subcontinent.
- Package C contains digital rights for a special bouquet of matches, including the playoffs, for the Indian subcontinent only – NON-EXCLUSIVE Package
- Package D, which comprises rights for the Rest of the World for both TV and digital, is divided into two sub-categories: combined ROW or five individual regions.
- What matches comprise Package C?
- Package C comprises ‘Special Package’ matches. The number of matches in this package, the IPL has said, will vary depending on the total number of matches in the season.
- If the IPL comprises 74 matches (like IPL 2022), the Special Package will have 18 matches.
- If there are more than 74 matches in a season, then the Special Package matches will rise in steps of two for every additional 10 matches.
- Why its a SPECIAL PACKAGE is because it is a NON-EXCLUSIVE Package.
- How does the bidding process work?
Each of the four packages has a separate per match base price.
Bidders will need to list an amount that is at least the cumulative base price amount (74 x base price for each package). The highest bidder will get the rights for individual packages.
IPL Media Rights Tender LIVE: Lalit Modi makes BIG & BOLD PREDICTION, ‘IPL Rights Tender can fetch between 8 to 10 Billion USD: Follow LIVE
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