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STAR India elbows out Sony in Rs 16,347.50 crore deal for IPL broadcast rights till 2022

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STAR India elbows out Sony in Rs 16,347.50 crore deal for IPL broadcast rights till 2022

[vc_row][vc_column][vc_column_text]The company already has broadcast rights of all ICC events and Asia Cups until 2033 and 2023 respectively

Establishing its practical monopoly on airing all major cricket tournaments in India and select global markets, STAR India elbowed out Sony pictures, on Monday, to win the media rights for television and digital broadcast of the Indian Premier League (IPL) till 2022 with its staggering consolidated bid of Rs.16,347.50 crore.

With media rights for the IPL broadcast now in its pocket, STAR India will be the platform for broadcast of all major cricketing events as it already has global media rights for all ICC events and the Asia Cup till 2033 and 2023 respectively. The cash-rich IPL was the lone major cricketing event not to be aired by STAR India until now. The STAR India broadcast deal will come into effect in 2018 when the previous 10-year-bid won by Sony in 2008 for Rs 8200 crore ends its course.

The TV and digital broadcast rights won by STAR India are for various segments – India, Middle East, Africa, Europe and America. It is expected that STAR India’s digital vertical HotStar would be used for live streaming of IPL matches in India.

The bidding of various media rights of the lucrative T20 cricketing event was held in Mumbai. The final figures of the bid were released on IPL’s official twitter handle.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Soon after being declared the winner STAR India chairman Uday Shankar said: “We believe the IPL is a very powerful property, and we believe there is lots more value that can be created for fans of cricket on digital and TV… We would remain committed to ensure that the growth of sports in this country continues to be driven by the power of cricket.”

A total of 24 companies, including Sony, STAR India, Airtel, Amazon, Times Internet, Facebook and Twitter, had picked up the Invitation to Tender (ITT) to bid for the media rights in the Indian subcontinent and global markets for the next five years. However, 10 of the 24 companies did not turn up for the bidding process. The ones to back out included the likes of Amazon, Twitter and Yahoo.

BCCI had shortlisted STAR India and Sony for broadcasting rights while Reliance Jio, Airtel, Times Internet and Facebook were to bid for digital rights. However, it was later declared that STAR had won both television and digital broadcast rights through a single consolidated bid of Rs 16,347.50 crore.

Interestingly, Sony’s individual bid for broadcast (TV rights) was pegged at Rs 11,050 crore, substantially higher that STAR’s quote of Rs 6,196 crore. However, bidding rules allowed for companies to form a consortium and if its consolidated global bid happened to be greater than the sum total parts of every individual bid then the consortium stood to emerge as the winner – something that happened in the case of STAR India.

With STAR India now gaining TV and digital broadcast rights of all major cricketing events, it is now certain that its competitors in the media industry would raise the monopoly bogey to attack the network. Only a week ago, DTH operator Dish TV had written a letter to the Union government seeking its intervention to stall the participation of STAR India in the IPL bidding process. In the letter, Dish TV CMD had said that an “absolute monopoly” would be created if STAR India were to win.

“The acquisition of the IPL telecast rights by STAR would lead to a situation where there will be an absolute monopoly thereby leading to dominance by STAR in the field of cricketing telecast rights…,” Dish TV had argued, adding that if such a situation were to emerge then STAR would compel TV channel distributers and ultimately the consumers to shell more money from their pockets.[/vc_column_text][/vc_column][/vc_row]

Cricket news

KKR’s Kolkata-bound flight diverted twice due to bad weather, team spends night in Varanasi

KKR players spent the night at Varanasi after their Kolkata-bound flight was diverted multiple times on Monday.

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Kolkata Knight Riders (KKR) players had a terrifying experience as their flight from Lucknow to Kolkata was repeatedly diverted due to poor weather, forcing them to spend the night in Varanasi.

After defeating Lucknow Super Giants by 98 runs on Sunday, the Shreyas Iyer-led team flew for Kolkata at 5:45 p.m. on Monday. The squad was supposed to arrive around 7:25 p.m.

However, bad weather prevented the plane from landing in Kolkata, so the charter flight had to be diverted to Guwahati and then to Varanasi.

At 8:46 p.m., the KKR media team issued an update, stating, the KKR charter flight has been diverted to Guwahati due to inclement weather over Kolkata. The team just touched down here in Varanasi, the statement said.

At 9:43 p.m., there was another update, the team has permission to return to Kolkata via flight from Guwahati. Arrival time estimated: 11 p.m.

The officials were forced to divert the plane to Varanasi in midair after several attempts were made to land it to the scheduled place. However, the nightmare for the players and support team was not yet completed as they had to spend night in Varanasi.

The flight to Kolkata took off from Guwahati, with a landing planned for 11 PM. weather prevented them from landing again, even after multiple tries. Now redirected in midair to Varanasi. Arrived here just now, read the update at 1:15 a.m.

After spending the night in Varanasi, the KKR team is scheduled to depart for Kolkata this afternoon.

The team would be spending the night at a hotel in Varanasi. The final information at 3:00 am came from the KKR media team. Return flight to Kolkata TBD on Tuesday afternoon.

https://twitter.com/KKRiders/status/1787597949746225639

Thankfully, KKR’s next match is on May 11 at Edens Garden against the Mumbai Indians. The final two league games for the two-time previous winners are against the Gujarat Titans in Ahmedabad on May 13 and the Rajasthan Royals in Guwahati on May 19.

The severe heat has provided some relief to the inhabitants in Kolkata thanks to the weather, which is expected to stay gloomy and showery over the next several days.

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Cricket news

Preity Zinta praises Rohit Sharma, calls him powerhouse of talent

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Just over two weeks after Preity Zinta denied rumors that she wanted Rohit Sharma to lead the Punjab Kings, the owner of PBKS took to social media platform X to praise the former Mumbai Indians captain. Zinta answered questions from her fans and described Rohit as a powerhouse of talent, suggesting that it wouldn’t be a bad idea to nominate him as PBKS leader in the future.

However, for the Hitman, the Indian Premier League (IPL) 2024 hasn’t gone as expected. The Mumbai Indians are virtually out of the playoff race, which means that Rohit’s squad will likely be eliminated early. This season, some MI players have failed, and even Rohit’s performances haven’t been enough to improve the team’s morale. Even though Rohit is clearly going through difficult circumstances, Bollywood actor and co-owner of the Punjab Kings Preity Zinta had nothing but love for him.

With just three wins in their last eleven matches, the Mumbai Indians are currently in the bottom of the points table and their only option is to move up the standings when they win against Sunrisers Hyderabad today.

Hardik Pandya’s team has lost eight of their 11 games this season, so far, making it seem nearly impossible for them to have things their way given how their campaign has started out. In the majority of their games, they have been unable to put up a cohesive performance and have lost games despite dominating one area of the game.

The Delhi Capitals and Royal Challengers Bengaluru are the other two of the original eight clubs that have never claimed an IPL championship, along with Zinta’s PBKS. In 16 years have PBKS made only twice to the Playoffs; their best performance came in 2015, when they were runner-up to Kolkata Knight Riders. Even though it can be excruciatingly difficult to wait for an elusive IPL victory, Zinta manages to remain positive.

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Cricket news

T20 World Cup: Co-host West Indies receives terror threat from Pakistan

Cricket West Indies (CWI) CEO Jonny Graves said that the safety and security of everyone at the ICC Men’s T20 World Cup 2024 is their number one priority.

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North Pakistan had issued a terror threat against the West Indies, who are co-hosting the T20 World Cup today, May 6. However, West Indies (CWI) assured the public that every safety measure has been done.

The Caribbean islands have received warnings about possible terror threats coming from North Pakistan, according to a trustworthy source with firsthand knowledge of the circumstances. From June 1 to June 29, the US and the West Indies will host the T20 World Cup.

World Cup matches in Antigua and Barbuda, Barbados, Guyana, Saint Lucia, St. Vincent and the Grenadines, and Trinidad and Tobago will take place in the West Indies. In addition, there are matches in the US cities of Florida, New York, and Texas; however, there appears to be no danger to the games in the US. Barbados will host the final after the two semifinals are held in Trinidad and Guyana.

A source said that they are closely monitoring the situation and maintaining close communication with relevant authorities. Continuous evaluation of security measures is underway to ensure appropriate plans are in place to mitigate any identified risks, they added.

The severity of the problem has increased with the assignment of blame for the danger to IS Khorasan. Trinidad Prime Minister Keith Rowley said that security forces have protocols in place to handle any threats to matches.

As per the report, the Barbados regional security officials are monitoring potential threats to the ICC event in addition to the fact that intelligence of a potential threat to the World Cup has been received through Pro-Islamic State (Daesh) through the media group Nashir Pakistan.

Regarding India, the Men in Blue will face off against Ireland at the Nassau County International Cricket Stadium in New York in their season-opening match. On June 9, they will play their next game at the same location against their bitter rivals, Pakistan. The team captained by Rohit Sharma will play the United States in their subsequent game in New York, and then they will play Canada in their last group-stage encounter at the Central Broward Regional Park Stadium Turf Ground in Lauderhill, Florida.

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