Viacom18 bags Indian cricket digital and TV media rights for $720 million


Viacom18 has bagged the media rights – both digital and television – to Indian cricket globally for INR 5963 crore (USD 720 million approx.) for the period 2023-28. These rights extend to all the cricket the BCCI runs in the country, international and domestic, apart from the IPL.

Up against two competitors, Disney Star* and Sony, Viacom18 bid the highest in both digital and television categories, in an e-auction conducted by the BCCI on Thursday.

In the digital category, Viacom18 bid INR 3101 crore (USD 375 million approx.), and another INR 2862 crore (USD 346 million approx.) for television rights. Disney Star and Sony’s bids remain unconfirmed.

Viacom18, who takes over the BCCI media rights from Disney Star, already owns digital rights for the IPL, and both digital and TV rights for the Women’s Premier League (WPL).

Viacom18’s latest deal translates to an average per-match value of INR 67.75 crore, which is 12.92% higher than the INR 60 crore Star India had paid the BCCI in the previous cycle.

For 2018-23, Disney Star, which was earlier Star India, had won worldwide rights to India’s games for INR 6138 crore (then USD 944 million), for a total of 102 international matches. This time, the BCCI listed 88 international matches for the rights period.

In the previous cycle the BCCI had put three categories of rights up for bidding: Indian subcontinent television rights and rest of the world digital rights (GTVRD), digital rights for the Indian subcontinent alone (ID), and global consolidated rights (GCR).

The winning bid was eventually made in the last category. This time the BCCI limited the bidding to two categories: TV for Indian subcontinent only (base price INR 20 crore, or USD 2.42 million approx.), and digital for Indian subcontinent combined with TV and digital rights for rest of the world (base price INR 25 crore, or USD 3 million approx.).

BCCI secretary Jay Shah had tweeted the news on Thursday evening.

Last year, during the IPL media rights bidding, Viacom18 secured digital rights in the Indian subcontinent, and TV and digital rights across three global regions – Australia + New Zealand, the UK, and South Africa – for INR 23,758 crore (then USD 3 billion approx.). Disney Star had won IPL TV rights in the Indian subcontinent at the same auction.

Viacom18 then pipped Disney Star to the global media rights for the WPL, paying INR 951 crore (then USD 116 million approx.) for the period 2023-27.

Bilateral cricket financially less valuable now?

An overall comparison of the winning bids for the BCCI rights from 2018 and now would show a 2.8% drop, but there are 14 fewer matches in the current cycle. The bigger talking point would be the shrinking value of bilateral cricket rights compared to the exponential sums being forked out for IPL rights.

Last year the IPL climbed to a podium position globally, slotting in behind only the NFL in terms of per-match value after the sale of five-year rights (2023-27) for INR 48,390.5 crore (then USD 6.2 billion approx.).

In addition to the amount Viacom18 spent – as noted above – Disney Star retained the TV rights in the Indian subcontinent for INR 23,575 crore (then USD 3 billion approx.) while Times Internet paid almost USD 60 million for overall media rights in two other global regions – the Middle East (INR 205 crore/USD 26.27 million approx.) and the USA (INR 258 crore/US$ 33.06 million approx.).

Disney Star’s winning TV bid was worth INR 57.5 crore (then USD 7.36 million approx.) per match. In addition, Viacom18’s winning bids averaged to effectively INR 58 crore (then USD 7.43 million approx.) per match: INR 50 crore (then USD 6.40 million approx.) per match for subcontinent digital rights plus INR 33.24 crore (then USD 4.26 million approx.) per match for a non-exclusive package of high-profile games (ranging between 18 and 22 matches). That totals roughly INR 115 crore per match, not including Times Internet’s offerings. (ESPNcricinfo)


Advertisement _____
Leave A Reply

Your email address will not be published.