IPL Media Rights Tender LIVE: Lalit Modi predicts ‘8 to 10 billion USD bid’ for IPL rights: check OUT

IPL Media Rights Tender LIVE – IPL Rights E-Auction Live Updates – The media rights e-auction of cricket’s most popular property, IPL, is underway in Mumbai on Sunday, June 12. year, Lalit Modi has made a big and bold prediction. According to the contest’s founder, the media rights tender will be 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.

IPL Media Rights Tender: E-Auction Begins, Disney vs Sony vs Viacom BIDDING WAR STARTS: Follow LIVE UPDATES

IPL Media Rights Tender LIVE: Lalit Modi Makes BIG & BOLD PREDICTION, ‘IPL Rights Tender Could Bring Between USD 8-10 Billion: Follow LIVE

Everyone throws numbers on the table. But if you have to listen to or believe in one song, it’s really yours. I predict that this new IPL media rights tender will bring in close to $8-10 billion (between INR 60k and 75k crore). I believe this is the value of a truly world-class global product.” Lalit Modi tweeted.

Lalit Modi believes that the media rights tender will bring INR 60k to INR 70k crores

Meanwhile, according to the latest reports, Zee is unwilling to bid for Package A because 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 Meanwhile, Amazon and Google had previously withdrawn from the race.

IPL Media Rights Tender LIVE: Lalit Modi Makes BIG & BOLD PREDICTION, ‘IPL Rights Tender Could Bring Between USD 8-10 Billion: Follow LIVE

IPL Media Rights Tender – Bidder List

  • Package A – Indian Subcontinent Broadcast: Reliance Viacom18, Disney Star, Sony Network, Zee (probable 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 CNot exclusive: Special digital rights pack has 18 games – Incremental BID – 15 LACS
  • Package DRest of the 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 Could Bring Between USD 8-10 Billion: Follow LIVE
The primary fight is between Disney Star vs Sony Network vs Reliance Viacom18.

IPL Media Rights Tender LIVE: Lalit Modi Makes BIG & BOLD PREDICTION, ‘IPL Rights Tender Could Bring Between USD 8-10 Billion: Follow LIVE

IPL Media Rights E-Auction – Everything you need to know

  1. When is the e-auction?

The IPL has decided to conduct the bidding via the e-auction for the first time. The e-auctions will take place in Mumbai on Sunday at 11am, with all bidders bidding from their own offices.

There is no end date and the e-auction will continue until all bids have been exhausted.

  1. What is the shelf life of the rights?

The entitlement cycle spans five IPL seasons: from 2023 to 2027.

  1. How many packages are there?

There are four packs: A, B, C and D.

  • Package A consists solely of TV rights for the Indian subcontinent only.
  • Package B focuses solely on digital rights and exclusively for the Indian subcontinent.
  • Package C includes digital rights to a special bouquet of matches, including the playoffs, only for the Indian subcontinent – NON-EXCLUSIVE package
  • Package Dwhich includes rights for the rest of the world for both TV and digital, is divided into two subcategories: combined ROW or five separate regions.
  1. Which matches does Package C consist of?
  • Package C includes: ‘Special Package’ matches. The number of matches in this package, according to the IPL, will vary depending on the total number of matches in the season.
  • If the IPL contains 74 matches (such as IPL 2022), the special package has 18 matches.
  • If there are more than 74 games in a season, the special pack’s games will increase in increments of two for every additional 10 games.
  • Why it’s a SPECIAL PACK because it’s a NON-EXCLUSIVE Package.
  1. How does the bidding process work?

Each of the four packages has a separate base price per match.

Bidders must provide an amount that is at least the cumulative base price amount (74 x base price for each package). The highest bidder gets the rights for individual packages.

IPL Media Rights Tender LIVE: Lalit Modi Makes BIG & BOLD PREDICTION, ‘IPL Rights Tender Could Bring Between USD 8-10 Billion: Follow LIVE

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