Wednesday 14 March 2018

Star Gets IPL 2018 Audio Visual Production Rights


The latest announcement made from Board of Control for Cricket in India (BCCI) regarding the 11th edition of Indian Premier League, IPL 2018 is that production rights for the audio-visual feed for the league. Star India has got the rights to produce audio-visual rights for the IPL 2018 tournament. Star India will also broadcast the whole tournament.
BCCI opened the bids for the audiovisual production rights for the IPL and the 2018-19 domestic cricket seasons, where Star India Pvt. Ltd. won the same. Therefore, the Star India Pvt. Ltd. is now responsible for not only the audiovisual production of IPL but also BCCI’s domestic season for 2018-19.


While the BCCI statement didn't determine any specific details regarding the news, it was comprehended that Star India Pvt. Ltd. Furthermore, the International Management Group were the main two intrigued bidders, with Star leaving with the rights for having presented the least offer of roughly Rs. 9.5 crore. This would imply that this will be the first time when the IPL broadcaster would likewise produce live content. The bidding amount was Rs.9.5 crore, but the exact amount of the final deal between BCCI and Star India Pvt. Ltd has not yet been revealed by BCCI.
The service agreement and the contract term between BCCI and Star India Pvt. Ltd. will be of one season of IPL, i.e. IPL 2018 and one season of domestic cricket, i.e. 2018-19 seasons. The BCCI, in any case, claims all authority to expand the term for one more period of IPL and one more period of domestic cricket. The Board, at its carefulness, can stretch out the term to incorporate IPL season 2020, as accommodated in the Services Agreement, as per sources.
If we look at the last year’s stats, Star India Pvt. Ltd. was the one who had won the IPL’s television, digital, Indian and global media rights for the next five seasons at an amount of Rs. 16,347.50 crore. Star out bided its competitors such as Sony Pictures Networks India, Facebook Inc., and Bharti Airtel Ltd.