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Board of Management for Cricket in India (BCCI) on Tuesday introduced that the tender for media rights for the Indian Premier League’s (IPL) subsequent cycle (2023-2027) will likely be launched in October.
This choice was taken within the assembly held by the IPL governing council on September 28 (Tuesday).
“IPL media rights tender for the cycle 2023-27 will likely be launched instantly after the appointment of two new IPL groups which is scheduled to be introduced on twenty fifth October 2021,” a BCCI media launch learn.
Star India presently pays 54.5 crore Per Match to BCCI as IPL Media Rights Charges
Star India holds the present media rights for broadcasting the IPL matches. The agency had received each the tv broadcast rights in addition to digital streaming rights for a whopping sum of INR 16,347.50 crore for a period of 5 years in 2017.
In keeping with a report by The Occasions of India, BCCI needs the prevailing worth of INR 54.5 crore for every match paid by Star to be set as the bottom worth for the subsequent media rights cycle.
Sony Photos Community India paid Rs 8,200 crore for 10 years as IPL media rights quantity
In keeping with an outdated report by Financial Occasions, Sony Photos Community India paid Rs 8,200 crore for 10 years in 2008 — Rs 820 crore a yr. The tv community made just below Rs 1,000 crore from sponsorships and ads within the 2015 version of the league and in 2016, its income rose marginally to Rs 1,050 crore.
On the IPL governing council assembly, it was additionally determined that the final two league matches earlier than the VIVO IPL 2021 Playoffs within the ongoing version will likely be performed on the similar time.
On the final day of the league stage of IPL 2021, as a substitute of getting one match throughout the afternoon and one other within the night match, two matches will likely be performed concurrently at 7.30 PM IST.
Additionally Learn: Simply IN: Two New IPL Groups To Be Introduced On twenty fifth October
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