Bidding war for India's home series continues; media deal gets close to billion dollar mark

The media rights for India's bilateral series at home for the next five year cycle (2018-2023) is slowly nearing the billion dollar mark with the second day of the e-auction stopping at a mind-boggling Rs 6032.5 crore as broadcasting majors Star and Sony continued their bidding slugfest along with the new entrants Jio (Reliance).

PTI, Apr 04, 2018 20:33:51 IST

Mumbai: The media rights for India's bilateral series at home for the next five year cycle (2018-2023) is slowly nearing the billion dollar mark with the second day of the e-auction stopping at a mind-boggling Rs 6032.5 crore as broadcasting majors Star and Sony continued their bidding slugfest along with the new entrants Jio (Reliance).

Bidding war for Indias home series continues; media deal gets close to billion dollar mark

Representational image. AFP

The Global Consolidated Rights (which includes broadcast as well as digital rights for India and Rest of the World) bid has already witnessed a quantum jump from the 2012 Star Tv bid of Rs 3851 crore.

After the second day, BCCI's media rights value has already gone up by 56 percent with the per match value touching nearly Rs 60 crore (Rs 59.16 crore) for 102 international games across three formats.

This is already Rs 17 crore more compared to Rs 43 crore (per match) during the earlier period (2012-2018).

"This is the power of Indian cricket. It can resist any kind of negativity, administrative mess and even bigger controversies. The potential bidders know that in India, only one sport can give you proper return on investment. We don't know who has the top bid but the pattern indicates that all three are still in the race if you see the bid amounts," a senior BCCI official, who is tracking the auction, told PTI on Wednesday.

The BCCI brass is expecting that a clear winner will emerge by late Thursday afternoon.

"Every bidder has its threshold. They are slowly reaching that point. If it reaches Rs 7000 crore, it will be another landmark financial deal for Indian cricket," said the official.

The day started with top GCR bid of Rs 4442 crore. Subsequently, some of the top bids were Rs 4565.20 crore, Rs 5488.30 crore, Rs 5748 crore. It breached Rs 6000 crore mark (Rs 6001 crore) at around 4:30 pm before closing at 6032.5 crore -- minutes before the cut-off time of 6 pm.

Updated Date: Apr 04, 2018 20:33:51 IST


World Cup 2019 Points Table

Team p w l nr pts
India 9 7 1 1 15
Australia 9 7 2 0 14
England 9 6 3 0 12
New Zealand 9 5 3 1 11
Pakistan 9 5 3 1 11
Sri Lanka 9 3 4 2 8
South Africa 9 3 5 1 7
Bangladesh 9 3 5 1 7
West Indies 9 2 6 1 5
Afghanistan 9 0 9 0 0





Rank Team Points Rating
1 India 3631 113
2 New Zealand 2547 111
3 South Africa 2917 108
4 England 3663 105
5 Australia 2640 98
6 Sri Lanka 3462 94
Rank Team Points Rating
1 England 6745 125
2 India 6807 122
3 Australia 5543 111
4 South Africa 5193 110
5 New Zealand 4737 110
6 Pakistan 4756 97
Rank Team Points Rating
1 Pakistan 7365 283
2 England 4253 266
3 South Africa 4196 262
4 Australia 5471 261
5 India 7273 260
6 New Zealand 4056 254