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Star India buys Indian cricket rights for USD 944 million [Update Post #169]

rhony said:
Don't think so. I think ICC gets a cut from the profits in bilaterals. Part of it goes to the visiting team too.
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Why would the ICC get a cut. What is their role in a bilateral? They do not invest anything, not $$'s or their time. So they get exactly what they invested in - $0.
 
AMSS said:
Wrong about ICC getting a cut, they get zilch.

Whether visiting teams get any money is subject to bilateral agreement. Ironically, BCCI used to pay guarantee money to CA and ECB in its poverty days. Now BCCI doesn't pay one quid to any visiting team. Visiting teams rather prefer BCCI promise them a tour instead, far more profits.
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USofA said:
Why would the ICC get a cut. What is their role in a bilateral? They do not invest anything, not $$'s or their time. So they get exactly what they invested in - $0.
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cricketjoshila said:
Nothing. Icc has no stake in bilateral tours.

The visiting country though gets a touring fee.
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Gotcha. Remember reading on Quora that ICC gets a cut for every international series with major revenues from ICC global tournaments. Thanks for the info
 
Feel the board is underselling the rights by going for an e auction. A closed bid would have forced bidders to take a bet and quote a big amount becoz there was only one chance to clinch it.

CoA and especially Vinod Rai by accepting this e auction system has given into the star tv is what I feel. Its very suspect action given how it was this very Vinod Rai who had argued in SC for a closed tender bid when Subramaniam Swamy approached SC asking for e auction for IPL rights.
 
In PPP terms, the BCCI seems to be on course to making a comparative loss on these rights given the INR's devaluation against the dollar. The last rights cycle was worth $750 million compared to the highest bid so far of $680 million. You won't see that fact in the headlines nor will it be highlighted by the chest thumping hawks on here. That figure is bound to rise tomorrow, but this probable fall is disheartening as it kinda underscores the decline in the value of international cricket.
 
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Last Monetarist said:
In PPP terms, the BCCI seems to be on course to making a comparative loss on these rights given the INR's devaluation against the dollar. The last rights cycle was worth $750 million compared to the highest bid so far of $680 million. You won't see that fact in the headlines nor will it be highlighted by the chest thumping hawks on here. That figure is bound to rise tomorrow, but this probable fall is disheartening as it kinda underscores the decline in the value of international cricket.
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While far from a hawk, your point has been highlighted and discussed. You are also manifestly wrong about valuation being low or BCCI being worried about it due to currency volatility.
 
Last Monetarist said:
In PPP terms, the BCCI seems to be on course to making a comparative loss on these rights given the INR's devaluation against the dollar. The last rights cycle was worth $750 million compared to the highest bid so far of $680 million. You won't see that fact in the headlines nor will it be highlighted by the chest thumping hawks on here. That figure is bound to rise tomorrow, but this probable fall is disheartening as it kinda underscores the decline in the value of international cricket.
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That's the wrong way of looking at it. Ad dollars are limited even if the budgets grow every year. Look at Television rights for ftp + IPL television rights and compare them to the last time. After the monster IPL rights, I'm even surprised that BCCI is attracting this much amount considering most of the series are against Windies, SL, BD for the next few years. They have 1 AUS, 1Eng too but considering it's not a bumper ftp like an indvs Pak series, this is mind blowing.
 
Off topic but it's strange to see how cricket broadcasting in India has changed since I first started watching. Sony iirc started off just broadcasting Sharjah champions trophy matches back in 1999 but have nearly monopolised international cricket being broadcast in India with star only showing cricket in New Zealand.
 
Slog said:
Well if that was the aim then he surely succeeded lol

Indians are still annoyed by that and are bringing that up till today
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But the rubbing in will continue and humble pies ahaaha
 
Nikhil_cric said:
Off topic but it's strange to see how cricket broadcasting in India has changed since I first started watching. Sony iirc started off just broadcasting Sharjah champions trophy matches back in 1999 but have nearly monopolised international cricket being broadcast in India with star only showing cricket in New Zealand.
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Look at how India has grown as a country and the sheer number of middle class.
 
Its bound to happen when you have a viewership of billions. Other boards should not be worried, if India getting a big deal one always keeps in mind they also have to use this budget for development of domestic cricket in India, India is spending percent wise far less than Aus, Eng, SA, Bangladesh in domestic cricket at all level.
 
Update at 3:00 pm IST

Bid for Global consolidated rights reaches ₹ 5488.30 crores touching IPL per match rate mark.
 
WengerOut said:
Despite having second most population among cricket teams , what is your position in marketability?
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In just 3 editions PSL has made a lot of progress.

You cant count population like it is 1/10 than that of other country now surely they must be earning 1/10th of the revenue as well. Its exponential growth in terms of revenue with increasing population.
 
Titan24 said:
In just 3 editions PSL has made a lot of progress.

You cant count population like it is 1/10 than that of other country now surely they must be earning 1/10th of the revenue as well. Its exponential growth in terms of revenue with increasing population.
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Lot of shooting in the air when you said it is just because of population that India is this marketable. England football team is the most marketable team and surely there are more populated countries than them.
 
u0sama said:
Its bound to happen when you have a viewership of billions. Other boards should not be worried, if India getting a big deal one always keeps in mind they also have to use this budget for development of domestic cricket in India, India is spending percent wise far less than Aus, Eng, SA, Bangladesh in domestic cricket at all level.
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I don't think the viewership is a billion. In fact I think it is only around 400 million or so. At least that is what I remember reading.
 
u0sama said:
Its bound to happen when you have a viewership of billions. Other boards should not be worried, if India getting a big deal one always keeps in mind they also have to use this budget for development of domestic cricket in India, India is spending percent wise far less than Aus, Eng, SA, Bangladesh in domestic cricket at all level.
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Source?
 
[MENTION=76058]cricketjoshila[/MENTION] was right yesterday. Looks like it is now a few bucks away from a $1 billion.
 
I still wonder how the BCCI will survive without ICC handouts, which is around $37 million per year. Really scary.
 
So, an India match will be worth atleast 9 million $ atleast compared to an IPL match which will be around 8.55 million $. That's good to see.
 
Good to see India international matches are also going for high value $$$$.. Cheers to BCCI / CoA :19:
 
Wednesday, the bids that were made public were of INR 4517.25 cr, 4565.20 cr, 5488.30 cr, 5748 cr, 6001 cr, 6003.09 cr and 6032.50 crore.

Once the process began on Tuesday, participants had an hour to raise after every bid, making the e-auction a multi-day process because proceedings could not go beyond 6pm IST on each day.
The process will continue until the participants notify that they do not wish to bid higher.
 
Last Monetarist said:
In PPP terms, the BCCI seems to be on course to making a comparative loss on these rights given the INR's devaluation against the dollar. The last rights cycle was worth $750 million compared to the highest bid so far of $680 million. You won't see that fact in the headlines nor will it be highlighted by the chest thumping hawks on here. That figure is bound to rise tomorrow, but this probable fall is disheartening as it kinda underscores the decline in the value of international cricket.
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Lol at this
 
TBH, I too thought it will be much less than IPL rights, but I was wrong...it's still boggles my mind..this huge billion dollar plus figure..
 
I think google, facebook all these companies are just not serious about giving money to the BCCI. [MENTION=291]junaid[/MENTION] knows better than all these companies about the BCCI after all.
 
IndianFan2018 said:
Never to underestimate India Cricket rights in any form $$$$ :srini
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Well then the argument that Indians care only about IPL and high profile clashes is false then. Remember someone saying nobody cares about jamodis and even Asia cup. For Pete's sake there are 3 series with windies and sl and BD in this ftp
 
OoparCut said:
I think google, facebook all these companies are just not serious about giving money to the BCCI. [MENTION=291]junaid[/MENTION] knows better than all these companies about the BCCI after all.
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Google and facebook might have got into an agreement with the companies that are bidding for rights..
 
IndianFan2018 said:
Never to underestimate India Cricket rights in any form $$$$ :srini
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I guess it has to do with the success that Indian team has had over the last few years..they are among top 2 teams in every format and Indian public and sponsors like a winning team ...
 
rhony said:
Well then the argument that Indians care only about IPL and high profile clashes is false then. Remember someone saying nobody cares about jamodis and even Asia cup. For Pete's sake there are 3 series with windies and sl and BD in this ftp
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It's not about caring... normal Indian fans just watch Team India playing even with Ireland. That's why broadcasters are pouring so much $$$ to get rights and in return make profit by adverts.

I prefer watching high profile matches like AUS, ENG, SA tours + ICC events + IPL mostly ...all other India matches will watch sparingly as time permits :19:
 
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rhony said:
Well then the argument that Indians care only about IPL and high profile clashes is false then. Remember someone saying nobody cares about jamodis and even Asia cup. For Pete's sake there are 3 series with windies and sl and BD in this ftp
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you also have to account for inflation.. at least 1/3rd of that rise is due to inflation and the remaining due to increase in purchasing power of Indians and better reach in rural areas.. remember we are comparing against bidding done five years ago.

better reach in rural areas also will result in growth of other sports like football and kabaddi both of which are easy to get into with very few equipment to start playing. So I anticipate in the next few decades both of them will take a big chunk of money out of cricket. But before that happen this reach in rural area will grow the overall pie for all

Anyone who has attended an ISL or iLeague match will tell you how much untapped potential is there in football in India. A considerable portion of Bangalore crowd spent more or less same time and amount on the ISL and IPL last year. from my own personal experience in our project, entertainment budget was spent more or less equally among those two sports (buying IPL/ISL tickets)
 
Star, Sony and Reliance - tbree bidders remaining. Star, I feel, may most likely backout early tomorrow.

Reliance recently tested waters by live streaming of Nidhas Trophy. They may go the whole hog now by outbidding others with their deep pockets and a growing interest in sports (Mumbai Indians, support to Indian Super League (football). A good way for Mukesh Ambani to start giving charge to his son Akash.
 
cricketindiafan said:
Star, Sony and Reliance - tbree bidders remaining. Star, I feel, may most likely backout early tomorrow.

Reliance recently tested waters by live streaming of Nidhas Trophy. They may go the whole hog now by outbidding others with their deep pockets and a growing interest in sports (Mumbai Indians, support to Indian Super League (football). A good way for Mukesh Ambani to start giving charge to his son Akash.
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If Jio picks it up and makes it either exclusive on Jio Phones (digital streaming alone, obviously) or just make it free on Jio phones, Airtel and others will suffer the most.. this bidding is something the whole telecom sector will be watching curiously
 
Even the broadcast rights is like a game with each side having its own supporters.

Suggest BCCI should ask all bidders to field cricket teams and then hold a tournament with the winner getting the rights!
 
MenInG said:
Even the broadcast rights is like a game with each side having its own supporters.

Suggest BCCI should ask all bidders to field cricket teams and then hold a tournament with the winner getting the rights!
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in India everything is a game. I am damn sure there will lot of people betting on who will win this bid :)..
 
cricketjoshila said:
Hope JIO doesnot get it. Want Sony to get it.
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Jio will make cricket broadcast a truly mass market product. Star and Sony start acting all pricey before all important cricket series.

Also, Indian cricket rights with Jio may mean Star and Sony pumping more money on Olympic sports to sustain their massive investments in large number of sports channels. Could end up being a win-win 😀
 
cricketindiafan said:
Jio will make cricket broadcast a truly mass market product. Star and Sony start acting all pricey before all important cricket series.

Also, Indian cricket rights with Jio may mean Star and Sony pumping more money on Olympic sports to sustain their massive investments in large number of sports channels. Could end up being a win-win ��
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actually star is trying to monopolize sports in India. it is better for all to have Jio or Sony get it. ISL and Kabbaddi league both are with Star

we also have to learn from what happened in UK. the popularity of cricket fell massively once the sky sports won the rights and took it out of free to air. This may not happen in India as all the right holders have to mandatorley share their feed with Doordarshan, rights still should be with mass player.
 
I assume Reliance will start their own sports network on television if they win the bid, much like Nimbus did when they won the bid in 2006 and started the Neo Sports network.
 
TNAmarkFromIndia said:
I assume Reliance will start their own sports network on television if they win the bid, much like Nimbus did when they won the bid in 2006 and started the Neo Sports network.
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Who knows may be buy Nimbus and rebrand it to Jio Sport hope Jio get it there Nidahas trophy coverage on Jio app very good better than that of D Sport and Reliance has lot of channel under it arsenal all Network 18 channel owned by Reliance
 
cricketjoshila said:
Hope JIO doesnot get it. Want Sony to get it.
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I want Jio to get it. About time that Indian Cricket broadcast had Jio like disruption similar to what Jio did in Telecom sector making Data consumption extremely cheap and affordable. Remember how we had to spend a fortune for just 1GB data before Jio arrival?
 
cricketjoshila said:
Hope JIO doesnot get it. Want Sony to get it.
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Any one other than sony would be great, they were decent for most of the IPL telecast but their recent indian team telecast is rubbish. They constantly cut to advertisements the second the over is done sometimes even when the ball isn't dead.
 
Update at 12:06 pm

The Board of Control for Cricket in India media rights e-auction bidding value has reached ₹6,111.70 crore. The second e-bid on Day Three has registered a raise of ₹79.20 crore over the last bid on Wednesday.

The first bid on Day Three was recorded at ₹ 6,085.30 crore, the bid bar was raised within minutes by another ₹26.4 crore.

The bid war between Star India, Sony Pictures India Network and Reliance Jio Infocomm may intensify further. The market and BCCI bigwigs are expecting the media rights value for the international bilateral cricket in India to cross the $1 billion (₹6,500 crore) for the 2018-2023 five-year cycle.

The last bid at 6.15 pm on Wednesday was registered at ₹6,032.5 crore rupees.
 
KevinFern said:
Apparently Star has pulled out of it. And now it's between Sony and Jio
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I think now Jio will win it don't think Sony will stretch it that much & may be Jio & Star made deal as jio don't have sport channel so star will broadcast it on television and jio on online
 
This is about who gets the rights to invade our TV screens with advertisements and product promotions probably with some cricket in between as a break. Am I correct?
 
For the uninitiated, Jio through its parent reliance Industries which owns TV18 group of channels and has a majority stake in Viacom18(Runs colors group of channels) can telecast the matches.
 
cricketjoshila said:
For the uninitiated, Jio through its parent reliance Industries which owns TV18 group of channels and has a majority stake in Viacom18(Runs colors group of channels) can telecast the matches.
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Earlier BCCI had a criteria that companies need to have a few years of experience in broadcasting before bidding.. Does that not hold true anymore?
 
Nikhil_cric said:
Earlier BCCI had a criteria that companies need to have a few years of experience in broadcasting before bidding.. Does that not hold true anymore?
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I think they have through there online channel Jio Sport
 
Bcci's 5 year media rights for ipl and international cricket goes for $3.5bn.

No one is even close
 
Nikhil_cric said:
Sports broadcasting?
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They can always start new or sell television rights to other channel
Like DSPORT uses reliance owned channel for Hindi commentary during Nidahas trophy
Hope it is not DSPORT who will showcase Indian matches on television if Reliance didn't start new television channel
 
Nope not like that after bid fif no one bid before 30 min then rights will go to last bidder
 
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