IPL Media rights auction: Apple, Netflix And Facebook likely To compete with Amazon, Disney, Zee-Sony for Rs 50,000 Crore bid
The base price, for each of the 74 games per season, has been set at Rs 90 crore
Amazon, Facebook and Netflix are likely to bid for the Rs 50,000 IPL media rights. According to a report by The Times of India, global tech giant Apple may pick the tender document next week. Media reports have suggested that Facebook and Netflix may also jump on the bandwagon. Some of the biggest media companies like Disney, Zee-Sony, Amazon and TV18-Viacom have already bought the tender documents.
The IPL media rights cost has jumped considerably in the last 14 years, since its inception in 2008. Currently, 10 teams are competing for the coveted title in the IPL Season 15 (IPL 2022). Star Sports, the current broadcasting sponsor, had bought the rights for Rs 16,347 crore five years ago. This year, however, the price may fall somewhere between Rs 45,000 crore-Rs 50,000 crores, according to sources.
According to a reports the BCCI has already set the base price for television rights for 2023-2027 at Rs 18,130 crore. This year, the price may be as high as 300 per cent of the previous valuation.
The base price, for each of the 74 games per season, has been set at Rs 90 crore. The price set by BCCI may rise on a pro-rata basis if the number of matches goes up.