The Indian Premier League (IPL) is one of the most widely watched sports tournament around the world.
IPL plans for the next 5 year from 2023 to 2027 have been made.
The bidding for the IPL media rights for 2023-27 cycle was held.
The bidders were offered four packages.
Package A includes the rights of broadcasting the matches on the TV for India.
Package B includes broadcasting of the IPL matches on the digital platform in India.
Package C is a special category.
This group includes the rights of broadcasting the opening game, final match, semi-finals etc. on TV and digital.
Package D included the broadcasting rights of IPL matches in the rest of the world.
Now let me tell you who won what broadcasting rights for the various groups in the auction.
The TV rights for broadcasting IPL matches in India for the next 5 years went to Star India for Rs 23,575 crore.
Viacom18 grabbed the digital rights of telecasting IPL matches for the next 5 years for Rs 20,500 crore.
Viacom18's digital platform is Voot.
You would remember that earlier IPL matches were broadcasted on Disney Hotstar.
Now Viacom18 has beaten them and got the rights.
Let me explain you the Package C which is India digital non-exclusive special package.
This group includes special matches like the opening match, semi final, final and weekend double headers.
Various OTT platforms were competing for the rights of this category.
Viacom18 already had the digital rights of telecasting IPL matches.
However they did not want to lose rights of special matches as they have more viewership than daily matches.
They finally won this Package C bid as well for Rs 3,258 Crore which will be more profitable.
Package D included the TV broadcasting rights in the rest of the world.
This was further divided into four groups.
Group A consisted of Australia, New Zealand, Singapore and 13 countries of Caribbean region.
Group B consisted of MENA, that is Middle East & North Africa and the US region.
Group C included South Africa and 46 countries of the Sub Saharan Africa region.
Group D consisted of UK, Ireland, Continental Europe region.
Let me tell you who won the rights for these 4 groups.
From the 4 groups of rest of the world, one company bought the rights for 3 groups.
That company is Viacom18. It managed to bag these groups for a total of Rs 594 crore.
Times Internet won the bid for Group B for Rs 464 crore.
Through this auctions for the IPL media rights BCCI has earned a massive amount of above Rs 48,390 Crore!
RPG Group chairperson Harsh Goenka recently Tweeted,
'Wow! BCCI has made a massive profit for the next 5 years.'
He jokingly posted some IPL figures that will make you laugh.
He said there will be a total of 410 matches in all 5 seasons.
For instance, in a Mumbai and Rajasthan match,
Mumbai will bowl for 120 balls in 20 overs with each over having 6 balls.
Then Rajasthan will bowl for 120 balls in their 20 overs.
A total of 240 balls would be bowled in each match.
Calculating will bring the total to 98,400 balls in 5 years.
Remember that total balls bowled is 98,400.
BCCI earned Rs 48,390 crore from the broadcasting rights.
If you divide these two figures, you will be shocked to know that each ball's worth is Rs 50 lakhs.
Though this was a joke, each ball is bringing in such a massive load of money!
One of the followers said BCCI will even earn more than this.
as BCCI will also earn Rs. 10-15 lakh from each advertisement of 30 seconds.
Apart from this BCCI also earns from Title partner like Tata, other sponsors,
and thousands of other advertisements during the matches.
What will BCCI do with the 48,390 Crores?
According to BCCI, 50% is used by BCCI for expenses related to governing Indian cricket, staff expenses etc.
and the remaining 50% is divided amongst the franchise owners.
Whoa! There is one facts that left my mouth hanging.
You are aware that Viacom18 bought the broadcast rights of IPL.
Reliance Industries owns 51% shares of the Viacom18's company.
Reliance has turned out to be the strongest company.
After, the famous cosmetic company Revlon filed for bankruptcy, Reliance is considering buying it.
The common man buys clothes, footwear etc. However Reliance takes over bankrupt companies.
With the Mumbai Indians team, Reliance truly is the richest in the world.