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JioStar isn’t quitting cricket—it’s teaching the ICC to bowl underarm

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MUMBAI: The hand-wringing has begun. JioStar, India’s broadcasting colossus, is supposedly staring into the abyss: haemorrhaging money on cricket rights, throttled by advertising bans on online gaming and pan masala, contemplating a humiliating retreat from the sport that built its empire. The narrative writes itself: regulatory victim seeks exit from ruinous $3.2bn ICC deal.

Scratch that surface, and something else emerges. This isn’t panic. It’s poker.

According to  an analysis by RevSportz, there is no white knight galloping to JioStar’s rescue—because none exists. Amazon and Netflix see cricket as tangential to streaming dominance. Sony and Zee lack both appetite and balance sheets for the sums Star originally committed. And talks of pubcaster Prasar Bharati examining the possibilities is just noise. Why should it pay for something it gets for free anyway? 

The brutal market reality: India remains cricket’s monetisation engine, and JioStar is the only outfit with the reach, technology and pricing muscle to make these rights pay.

Which makes the “exit” chatter less admission of defeat, more pressure tactic. Yes, the ICC can legally force JioStar to honour the contract. But the likelier outcome, RevSportz suggests, is a restructured deal stretching rights to 2029 instead of 2027—with negligible incremental payment for those bonus years. Total value stays intact (giving the ICC its stability narrative), whilst JioStar’s annual burden drops sharply. Optics improved, boardrooms appeased.

The complication: associate member nations, whose survival depends on ICC distributions, would revolt over straightforward fee cuts. An extension, however, smooths the curve—money flows slower, but longer. Headlines celebrate continuity; accounts quietly self-correct.

Here’s the underlying truth: if JioStar blinks, global cricket blinks. Nowhere is that clearer than in the Indian Premier League, the sport’s Fort Knox. Any drop in IPL rights valuation would crater franchise balance sheets, spook private equity and rattle banks underwriting cricket’s future. The IPL must remain bulletproof. That means no sudden expansion beyond 74 matches, no media value dilution, no admission the cricket economy is cooling.

So who takes the hit? The Board of Control for Cricket in India’s bilateral rights.

Broadcasters are done paying premiums for low-yield test cricket against mid-tier opponents. The data is unequivocal: declining watch-time, lower cost-per-thousand impressions, anaemic sponsorship. The new reality will force the BCCI to rethink volume, formats and scheduling. Expect fewer tests, shorter series, more white-ball cricket—not by choice, but commercial necessity, says RevSportz. 

JioStar isn’t walking away. It’s right-sizing costs and, in doing so, rewriting cricket’s power equation. The ICC gets stability without admitting weakness. The IPL’s valuation remains sacrosanct. The BCCI accepts bilateral corrections whilst leaning harder on one-day internationals and T20s. And fans? They may not notice immediately. But the cricket calendar they consume in five years will be shaped by this moment.   

The broadcaster staring down the ICC isn’t backing down. It’s making sure everyone else does.

(The original article can be read here: https://revsportz.in/jiostars-exit-of-icc-rights-isnt-panic-its-a-repricing-of-power-in-global-cricket/ )

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Netflix celebrates a decade in India with Shah Rukh Khan-narrated tribute film

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MUMBAI: Netflix is celebrating ten years in India with a slick anniversary film voiced by Shah Rukh Khan, a nostalgic sprint through a decade that rewired how the country watches stories. The campaign doubles as both tribute and reminder: streaming did not just enter Indian homes, it quietly rearranged them.

Roll back to 2016 and television still dictated schedules. Viewers waited weeks, sometimes months, for favourite films to appear on prime time. Family-friendly filters narrowed options further, and piracy often filled the gaps. Then Netflix arrived, softly but decisively, carrying a catalogue of international titles rarely seen in Indian theatres and placing them a click away. Old blockbusters and new releases suddenly coexisted on the same digital shelf.

The platform’s real inflection point came in 2018 with Sacred Games, a breakout series that refused to dilute India’s grit for global comfort. Audiences embraced its unvarnished tone, signalling readiness for stories that did not need box-office validation or censorship compromises. What followed was a steady procession of relatable narratives. Competitive-exam anxiety fuelled Kota Factory. College relationships unfolded in Mismatched. Everyday pressures, not grand spectacle, proved bankable.

Language barriers thinned as foreign series arrived with Hindi, Tamil and Telugu dubbing, expanding viewership beyond urban English-speaking pockets. Marketing mirrored the shift. For global releases such as Squid Game, Netflix leaned on regional creators and influencers to localise buzz and make international content feel native.

The library widened beyond fiction. Documentaries stepped out of festival circuits into living rooms. Stand-up comedians found scale. Established filmmakers, including Sanjay Leela Bhansali with Heeramandi, embraced the platform’s long-form canvas. Subscriber numbers swelled to 12.37 million in India, according to Demandsage, and behaviour followed suit. Late-night binges became routine. Friday release rituals loosened. Watch parties turned solitary screens into social events.

Economics demanded adjustment. Early subscription pricing carried a premium aura that deterred many households. Over time, Netflix recalibrated plans to align with Indian spending sensibilities, conceding that accessibility is as critical as content. To extend momentum around marquee titles, the platform also experimented with split-season releases, stretching anticipation and watch time.

The anniversary film, narrated by Shah Rukh Khan, captures the linguistic shift that mirrors the cultural one: from “Netflix pe kya dekha?” to “Netflix pe kya dekhein?” The question moved from recounting the past to planning the next binge. In ten years, Netflix morphed from foreign entrant to familiar fixture, exporting Indian stories abroad while importing global ones home. The remote no longer waits; it chooses, clicks and moves on. In the streaming age, patience is out, playlists are in, and the next episode is always one tap away.

 

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Delhivery chairman Deepak Kapoor, independent director Saugata Gupta quit board

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Gurugram: Delhivery’s boardroom is being reset. Deepak Kapoor, chairman and independent director, has resigned with effect from April 1 as part of a planned board reconstitution, the logistics company said in an exchange filing. Saugata Gupta, managing director and chief executive of FMCG major Marico and an independent director on Delhivery’s board, has also stepped down.

Kapoor exits after an eight-year stint that included steering the company through its 2022 stock-market debut, a period that saw Delhivery transform from a venture-backed upstart into one of India’s most visible logistics platforms. Gupta, who joined the board in 2021, departs alongside him, marking a simultaneous clearing of two senior independent seats.

“Deepak and Saugata have been instrumental in our process of recognising the need for and enabling the reconstitution of the board of directors in line with our ambitious next phase of growth,” said Sahil Barua, managing director and chief executive, Delhivery. The statement frames the exits less as departures and more as deliberate succession, a boardroom shuffle timed to the company’s evolving scale and strategy.

The resignations arrive amid broader governance recalibration. In 2025, Delhivery appointed Emcure Pharmaceuticals whole-time director Namita Thapar, PB Fintech founder and chairman Yashish Dahiya, and IIM Bangalore faculty member Padmini Srinivasan as independent directors, signalling a tilt towards consumer, fintech and academic expertise at the board level.

Kapoor’s tenure spanned Delhivery’s most defining years, rapid network expansion, public listing and the push towards profitability in a bruising logistics market. Gupta’s presence brought FMCG and brand-scale perspective during a period when ecommerce volumes and last-mile delivery economics were being rewritten.

The twin exits, effective from the new financial year, underscore a familiar corporate rhythm: founders consolidate, veterans rotate out, and fresh voices are ushered in to script the next chapter. In India’s hyper-competitive logistics race, even the boardroom does not stand still.

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Meta appoints Anuvrat Rao as APAC head of commerce partnerships

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SINGAPORE: Anuvrat Rao has taken charge as APAC  head of commerce and signals partnerships at Meta, steering monetisation deals across Facebook, Instagram and WhatsApp from Singapore. The former Google executive, known for launching Google Assistant, PWAs, AMP and Firebase across Asia-Pacific, steps into the role after a high-growth stint as chief business officer at Locofy.ai.

At Locofy.ai, Rao helped convert a three-year free beta into a paid engine, clocking 1,000 subscribers and 15 enterprise clients within ten days of launch in September 2024. The low-code startup, backed by Accel and top tech founders, is famed for turning designs into production-ready code using proprietary large design models.

Before that, Rao founded generative AI venture 1Bstories, which was acquired by creative AI platform Laetro in mid-2024, where he briefly served as managing director for APAC. Alongside operating roles, he has been an active investor and advisor since 2020, backing startups such as BotMD, Muxy, Creator plus, Intellect, Sealed and CricFlex through a creator-economy-led thesis.

Rao spent over eight years at Google, holding senior partnership roles across search, assistant, chrome, web and YouTube in APAC, and earlier cut his teeth in strategy consulting at OC&C in London and investment finance at W. P. Carey in Europe and the US.

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