As we approach the much-awaited Indian Premier League (IPL) 2023, media rights have once again become a hot topic of discussion among cricket enthusiasts worldwide. The IPL is one of the most-watched cricket leagues globally, attracting millions of viewers every year. The media rights for IPL 2023 are up for grabs, and there’s a lot of buzz around which media companies will secure the rights to broadcast the tournament. In this article, we’ll provide a comprehensive overview of the IPL 2023 media rights auction.
Background on IPL Media Rights
The Indian Premier League is a professional Twenty20 cricket league in India that was founded in 2007 by the Board of Control for Cricket in India (BCCI). Over the years, the IPL has grown in popularity and is now considered one of the most prestigious cricket leagues in the world. Since its inception, the media rights for IPL have been one of the most lucrative deals in the sports industry.
In the past, Sony Pictures Network India held the rights to broadcast the IPL in India. However, in 2017, Star India secured the media rights for the IPL in a record-breaking deal worth $2.55 billion. The deal covered the broadcast and digital rights for IPL from 2018 to 2022. As the media rights for IPL 2023 are set to expire, media companies are preparing to bid for the upcoming auction.
IPL 2023 Media Rights Auction
The media rights for IPL 2023 are expected to be sold for a record-breaking price, surpassing the previous deal’s value. The BCCI is yet to announce the auction’s date, but it is expected to take place in early 2023. The media rights for IPL 2023 will be sold in two categories – broadcast and digital.
The broadcast rights for IPL 2023 will cover the live telecast of the tournament in India and other countries. The BCCI is expected to sell the rights for a period of five years, and the highest bidder will secure the rights. The previous broadcast rights deal was worth $2.55 billion, and it will be interesting to see which media company will secure the rights this time around.
The digital rights for IPL 2023 will cover the online streaming of the tournament. The BCCI is expected to sell the rights for a period of five years, and the highest bidder will secure the rights. In the past, Star India has held the digital rights for the IPL, and it remains to be seen if they will retain the rights for the upcoming tournament.
Potential Bidders for IPL 2023 Media Rights
Several media companies are expected to bid for the IPL 2023 media rights. Some of the potential bidders include:
- Star India – Star India currently holds the media rights for IPL and is expected to bid for the upcoming auction.
- Sony Pictures Network India – Sony Pictures Network India held the media rights for IPL before Star India and could bid for the rights once again.
- Amazon – Amazon has been increasing its presence in the sports industry and could bid for the digital rights for IPL 2023.
- Facebook – Facebook has shown an interest in sports streaming and could bid for the digital rights for IPL 2023.
- Google – Google has also shown an interest in sports streaming and could bid for the digital rights
- Jio – Jio is a major player in the Indian telecom market and has been expanding its presence in the sports industry. It could bid for both broadcast and digital rights for IPL 2023.
- ESPN+ – ESPN+ is an American sports streaming service owned by ESPN. It has been expanding its sports offerings and could bid for the digital rights for IPL 2023.
- Hotstar – Hotstar is an Indian streaming service owned by Star India, which currently holds the media rights for IPL. It could bid for the digital rights for IPL 2023, in case it loses the bid for broadcast rights.
- DAZN – DAZN is a global sports streaming service that has been expanding its reach in different regions. It could bid for both broadcast and digital rights for IPL 2023, as it has already secured the rights for other cricket tournaments, such as the Caribbean Premier League and Pakistan Super League.
The IPL 2023 media rights auction is expected to be highly competitive, with media companies bidding for the rights to broadcast and stream one of the most-watched cricket leagues in the world. The final outcome will depend on various factors such as the size of the bid, the content offerings, and the strategic fit for each bidder. The auction could potentially result in another record-breaking deal, further cementing the IPL’s position as one of the most valuable cricket leagues globally.
The media rights for the IPL are not only important for media companies but also for the Board of Control for Cricket in India (BCCI). The IPL is the BCCI’s most significant source of revenue, and the media rights deal contributes a significant portion of this revenue. The BCCI uses this revenue to fund domestic and international cricket in India, invest in infrastructure, and develop young talent.
Apart from revenue, the media rights deal also plays a crucial role in the IPL’s global reach and viewership. The broadcast and digital rights deal ensures that fans worldwide can watch the tournament, and the IPL’s popularity has been on the rise in recent years. The media rights deal also ensures that the IPL remains competitive with other cricket leagues such as the Big Bash League (BBL) and the Caribbean Premier League (CPL), which have also secured significant media rights deals.
Another important factor to consider is the impact of the COVID-19 pandemic on the IPL and the media rights auction. The pandemic has caused significant disruptions in the sports industry, and the IPL was no exception. The tournament was postponed in 2020 and was held in the United Arab Emirates (UAE) without fans. In 2021, the IPL was held in India, but the second half of the tournament was moved to the UAE due to the pandemic. These disruptions could potentially affect the media rights auction, and media companies could be more cautious in their bidding due to the uncertainty caused by the pandemic.
the IPL 2023 media rights auction is an important event for the BCCI and media companies. The auction is expected to be highly competitive, and the final outcome will have a significant impact on the IPL’s revenue, global reach, and viewership. With several potential bidders in the fray, it remains to be seen which media company will secure the rights for IPL 2023, and what the final deal will be worth.