Indian Premier League’s (IPL) media rights tender is expected to come out next week with four bundles and the bidding for it is likely to take place in the second week of June.
During the IPL Governing Council (GC) meeting on March 25, it was decided that multiple broadcasters and OTT platforms won’t be allowed to form a consortium in order to bid together.
IPL media rights will have multiple broadcasters for the next cycle
According to a report by Cricbuzz, the GC approved the unbundling of television and digital rights, which could see multiple broadcasters. There will be a package for the rest of the world.
“Package A will be for the television rights, Package B will constitute the digital rights, Package C will be the non-exclusive special category and Package D is for the Rest of the World. Largely those are the packs that will be up for sale and the tender could be out next week,” a source close to the development told Cricbuzz.
BCCI expects IPL media rights for TV to exceed INR 20,000 crore
The report mentioned that the value of the media rights could be around INR 40,000 crore as the Board of Control for Cricket in India (BCCI) is expecting the value of television rights itself to exceed INR 20,000 crore.
Star India currently holds the broadcasting right from (2018-22) with a whopping bid of INR with a bid of Rs 16,347.5 crore. The report suggested that Star wanted the BCCI to sell the media rights for the new cycle (2023-27) after the completion of the IPL 2022. However, the top official from the Indian board has denied to any such request from the current broadcaster.
As the BCCI has refused to allow consortiums, the merger between two media giants, Zee and Sony, might go in vain. But there is a possibility that the two broadcasters might bid individually and later make a post-bid arrangement for broadcasting the cash-rich league.