Electronic Auctions for IPL Media: 10 Important Things to Know | Catch My Job

e-Auction table

On June 12th, the electronic auction for IPL media will begin at 11:00 AM in Mumbai. There is no deadline as the BCCI leaves the possibility of an electronic auction extended in the coming days. The auction will continue until all bids have been made.

tender

Until May 10, preliminary tender documents are available for purchase. bidder upon payment ₹25 lakh (excluding tax) gain access to tender documents

IPL Media Rights Bidder

Star, which currently holds the media rights. It will face tough competition for the OTT Disney+ Hotstar platform from other bidders for: Reliance Viacom Sport18, Amazon, Zee Entertainment Enterprises, Apple Inc, Dream11 (Dream Sports Inc), Sony Group Corp, Google (Alphabet Inc) and Super Sport (South Africa) will fight to secure IPL media rights, it is now reported that Amazon may withdraw from the auction.

digital copyright

Digital rights are valuable. ₹33 ten million every game or ₹12,210 ten million for tournaments and ₹Rs. 2,442 crore for the year

Right to broadcast in the country

The Indian subcontinent basic fees for IPL broadcast rights are ₹49 crore per match with 74 matches in the tournament The cost for five years is ₹18,130 crore or ₹3,626 crore per year

International broadcast rights

International broadcasting rights are priced at ₹3 ten million every game, the total value of ₹Rs.1110 crore for a period of five years

non-exclusive rights

for this segment The winning bidder will be entitled to all 18 games with the reserve price of ₹16 crore per game. As a result, the entire package will cost you. ₹Rs.1,440 crore first match, four play-off games and 13 evening games on the second day of headers for a total of 18 games.

Uday Shankar

Uday Shankar, who spearheaded Star’s winning bid for IPL media rights five years ago. ready to play an important role in the auction Prior to the electronic IPL auction, Reliance Industries signed a contract with Bodhi Tree Systems, an investment business founded by Rupert Murdoch’s son James and a former Disney India executive.

online auction

This is the first time an electronic auction has been conducted to determine who stole IPL media rights in an electronic auction. Unlike the closed auction in 2017, it was only decided whether to continue participating after a certain period.

expected to win the auction

In 2017, Star paid BCCI. ₹Rs.16,347 crore This time, the BCCI expects to fetch at least twice the amount. Because the base price of IPL media rights is ₹32,890 crore at the same time Some experts believe that the winning bid will be anywhere in between. ₹35,000-40,000 while others think it may be as high as ₹50,000 ten million rupees