IPL media rights (TV and Digital) For 2023-2027 goes to two separate broadcasters, deal pegged at Rs 44,075 Crore: Sources
According to sources, the current price for each IPL match stands at Rs 107.5 crore
The media rights for the lucrative Indian Premier League (IPL) for the next five-year cycle from 2023 to 2027 was hotly contested by some of the country's top sports broadcasters.
After intense bidding, the TV and Digital rights have been won separately by two broadcasters, told sources.
According to sources, the prices for Package A (TV rights) and B (Digital rights) have been pegged at a humungous amount of Rs 44,075 crore.
This puts the valuation of each IPL match, at a cost of above Rs 100 crore, something that is unheard of in Indian sports.
According to sources, the current price for each IPL match stands at Rs 107.5 crore.
The TV rights were sold for Rs 23,575 crore, while the digital rights have gone for a whopping Rs 20,500 crore.
Global retail giants Amazon had earlier pulled out of the Indian Premier League media rights auction race, sources had said on Friday.
Star India had edged out Sony Pictures to secure the Indian Premier League's media rights for the 2017-2022 cycle with a bid of Rs 16,347.50 crore in September 2017. With this deal, the cost of an IPL match had become around Rs 55 crore.
