Previously, Jeff Bezos and Mukesh Ambani fought for Retail of the Future
Founder of e-commerce giant Amazon Jeff Bezos also chairman of Reliance Industries Limited Mukesh Ambani are preparing for a new battle. This time they will fight for IPL media rights. In addition to Bezos and Ambani, the stars of Disney, Apple, Google, Sony Group Corp., and others will participate in the Media Rights Electronic Auction held on Sunday, April 12.
The last time Jeff Bezos and Mukesh Ambani fought for Future Retail. IPL Media Correct Auction
IPL, one of the most famous sporting events, has a brand value of 6 billion dollars. The number of viewers at the event was 600 million.
The four buckets of rights auction will take place on June 12. These rights are
- Television rights in India
- Digital Rights in India
- Non-exclusive digital rights in India for 18 games per season
- Overseas television and digital rights
- The minimum price has been set from which bidding begins. The minimum price for TV rights in India is Rs 18,130 crore, while digital rights in India are Rs. 12210 crores. The minimum price for non-exclusive digital rights in India for 18 games per season, which is expected to attract more participants, is Rs 1440 million. Offers for overseas TV and digital rights start at Rs 1110 crores.
In 2018, Star won the rights to the IPL media for five years, viz. 2018-2022. As a result, he was granted the right to Rs 16347 crore.
The collective base price is now set at Rs. 32890 crowns. Perhaps, the bidding amount could reach 45,000 heights.
This is a cricket tournament that lasts for weeks. It is usually played in April and May every year.
In the 2022 tournament, ten teams play 74 games, also three playoffs and one final. The ten teams are:
Super King Chennai (CSK)
Capital of Delhi, District of Columbia
Gujarat Titans (GT)
Kolkata Knight Riders (KKR)
Lucknow Super Giants (LSG)
Mumbai Indians (Michigan)
King of Punjab (PBKS)
Rajasthan Royals (RR)
Hyderabad Sunrise (SRH)
Royal Challengers Bangalore (RCB)
In the last game, the Gujarat Titans won the IPL title by defeating the Rajasthan Royals.