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Tag: BCCI

  • BCCI’s cricket media rights bonanza

    BCCI’s cricket media rights bonanza

    MUMBAI: The Board of Control for Cricket in India (BCCI) has forecast that it is going to take home a whopping 60 per cent plus more media rights income from cricket in the financial year 2016-2017. The figure it has kept in its sights is Rs 1036.80 crore.

    In 2015-16, it had budgeted a figure of Rs 648 crore, and it easily got to it.

    The board generated gross media rights and franchisee consideration receipts of Rs. 1069.75 crore in 2015-2016 as against Rs. 999.6 crore in 2014-2015 from the mega bonanza Idian Premier League (IPL). The jump, the board, says is due to an increase in media rights income which went up to Rs 738.06 crore from Rs 689.10 crore in 2014-2015. Of this Rs 689.10 crore (Rs 620.23 crore), came courtesy Multi Screen Media Ltd (now Sony Pictures Networks- SPN- India) for the television rights within India. Rs 48.96 crore (Rs 47.68 crore) was contributed by Times Internet and sublicensees for righ.

    It generated Rs 25.31 crore from British Sky Broadcasting from the sale of its television, internet and mobile media rights for the UK, Ireland, Isle of Mann, Channel Islands and the European territories for the IPL. ESPN coughed up Rs 23.47 crore for the TV, audio, internet and mobile rights for the US and surrounding territories while Hotstar anted up Rs 48 crore for its delayed domestic streaming rights for India, and for audio and television, internet mobile and audio rights for some territories.

    The board has reported a surplus of Rs 210.51 crore from the IPL in 2015-2016.

    Additionally, BCCI’s gross media rights income from its international fixtures too went up has gone up from Rs. 388.80 crore last year to Rs. 648 crore in the current year, due to increase in the number of matches held in India, says BCCI honorary treasurer Anirudh Chaudhry, in the annual report.

    He adds: “The cricket board has a surplus of income over expenditure of Rs. 111.83 crore as against Rs. 166.87 crore in the earlier year. This decrease in surplus is mainly due to distribution of additional amount due to associations, additional payments to players and absence of income from CLT-20 Tournament, in spite of increase in total income as compared to previous year.”

    In the current financial year 2016-17, the BCCI’s budgeted surplus is estimated at Rs. 509.13 crore.

    The BCCI in its annual report has stated that the Indian IPL, which is going into its tenth season has been valued at $4.5 billion (Rs 27,000 crore) and its ninth edition generated 102 crore impressions according to the Broadcast Audience Research Council. The valuation of the IPL brand was done by appraisal firm Duff & Phelps.

    According to the board, the IPL clocked a cumulative reach of 361 Million viewers, making it a total of 52 per cent of TV viewing households who tuned into IPL 2016 on television. On top of that 1.5 million spectators turned up at the stadia to watch the action on the ground.

    Additionally, the IPL is the fastest growing sports league in the world on microblogging site Twitter even when compared to Major League Baseball, NBA, NFL and EFA. The IPL fan following grew at a scorching pace of 300 per cent.

    With the numbers that the BCCI is throwing up about the IPL one can really expect the TV rights slugfest between Star India, Sony Pictures Networks, Amazon (??) and Reliancd Jio (??) to get really fierce and set new benchmarks.

  • BCCI’s cricket media rights bonanza

    BCCI’s cricket media rights bonanza

    MUMBAI: The Board of Control for Cricket in India (BCCI) has forecast that it is going to take home a whopping 60 per cent plus more media rights income from cricket in the financial year 2016-2017. The figure it has kept in its sights is Rs 1036.80 crore.

    In 2015-16, it had budgeted a figure of Rs 648 crore, and it easily got to it.

    The board generated gross media rights and franchisee consideration receipts of Rs. 1069.75 crore in 2015-2016 as against Rs. 999.6 crore in 2014-2015 from the mega bonanza Idian Premier League (IPL). The jump, the board, says is due to an increase in media rights income which went up to Rs 738.06 crore from Rs 689.10 crore in 2014-2015. Of this Rs 689.10 crore (Rs 620.23 crore), came courtesy Multi Screen Media Ltd (now Sony Pictures Networks- SPN- India) for the television rights within India. Rs 48.96 crore (Rs 47.68 crore) was contributed by Times Internet and sublicensees for righ.

    It generated Rs 25.31 crore from British Sky Broadcasting from the sale of its television, internet and mobile media rights for the UK, Ireland, Isle of Mann, Channel Islands and the European territories for the IPL. ESPN coughed up Rs 23.47 crore for the TV, audio, internet and mobile rights for the US and surrounding territories while Hotstar anted up Rs 48 crore for its delayed domestic streaming rights for India, and for audio and television, internet mobile and audio rights for some territories.

    The board has reported a surplus of Rs 210.51 crore from the IPL in 2015-2016.

    Additionally, BCCI’s gross media rights income from its international fixtures too went up has gone up from Rs. 388.80 crore last year to Rs. 648 crore in the current year, due to increase in the number of matches held in India, says BCCI honorary treasurer Anirudh Chaudhry, in the annual report.

    He adds: “The cricket board has a surplus of income over expenditure of Rs. 111.83 crore as against Rs. 166.87 crore in the earlier year. This decrease in surplus is mainly due to distribution of additional amount due to associations, additional payments to players and absence of income from CLT-20 Tournament, in spite of increase in total income as compared to previous year.”

    In the current financial year 2016-17, the BCCI’s budgeted surplus is estimated at Rs. 509.13 crore.

    The BCCI in its annual report has stated that the Indian IPL, which is going into its tenth season has been valued at $4.5 billion (Rs 27,000 crore) and its ninth edition generated 102 crore impressions according to the Broadcast Audience Research Council. The valuation of the IPL brand was done by appraisal firm Duff & Phelps.

    According to the board, the IPL clocked a cumulative reach of 361 Million viewers, making it a total of 52 per cent of TV viewing households who tuned into IPL 2016 on television. On top of that 1.5 million spectators turned up at the stadia to watch the action on the ground.

    Additionally, the IPL is the fastest growing sports league in the world on microblogging site Twitter even when compared to Major League Baseball, NBA, NFL and EFA. The IPL fan following grew at a scorching pace of 300 per cent.

    With the numbers that the BCCI is throwing up about the IPL one can really expect the TV rights slugfest between Star India, Sony Pictures Networks, Amazon (??) and Reliancd Jio (??) to get really fierce and set new benchmarks.

  • Race to acquire IPL rights commences

    Race to acquire IPL rights commences

    MUMBAI: It’s the business of sports! The countdown to the media rights of what is arguably India’s most premium sports property, the Vivo IPL, has begun with the Board of Control for Cricket in India (BCCI) announcing the timeline of the bidding process. The BCCI has made the IPL rights an invitation tender process with the document being made available for purchase from today (19 September) at a purchase price of $10,000.

    Three bunches of media rights are being made available: domestic Indian subcontinent TV rights for all the 10 seasons (2018-2027), domestic digital telecast rights, and the rest of the world (RoW) rights — either as a whole package or as territory groupings – each for five seasons (2018-2022). Bidders have also been permitted to make their offers in any combination of the above three rights. The digital rights entail a five-minute delayed telecast.

    Non-news TV broadcasters will be in a position to bid for the TV rights. However, the field has been thrown open to broadcasters, mobile operators and internet operators for both the digital and RoW rights, with marketing agencies also being permitted to throw in the hat into the ring for the latter.

    The bids can be made singly or as a consortium, as long as the person doing is fit and proper, meets financial standing and BCCI suitability standards criteria, and has no litigation with the cricket body, the BCCI announced.

    At the press conference in Delhi, BCCI president Anurag Thakur said:
    “IPL is the fastest, most popular cricket league and also the sixth most popular sports league in the world. We want it to be a very transparent process. It is going to be bid- but a most historic. In the last nine years, what we have seen is that the world has recognized it has the top most league. BCCI has been proud to start the league which others have followed.”

    BCCI CEO Rahul Johri who made a presentation on the tender process said that it will be two tiered, based on eligibility and on the financial commitment. Bidders will have to make their submissions in two envelopes: Envelope A which will detail the eligibility and envelope B which will contain the financial bid and signed media rights agreement. Financial Bids of only compliant bids will be opened, Johri clarified. He added that the organization was under no obligation to accept the highest financial bid and that it could change the process at any time at its discretion.

    Johri pointed out that potential bidders will have an opportunity to seek clarifications till 4 October, with 18 October being the last date for purchasing the tender, and bid submissions will close at 9:30 am on 25 October. Financial bids of only compliant bids will be opened, Johri clarified. The BCCI is expected to announce the winners of the rights the same day.

    For the RoW, the BCCI has broken up the rights into territory groups, almost like the league it runs. Group A broadly consists of Asia, Australia, Canada, Caribbean, Central and south America, New Zealand, and Israel. Group B consists of middle east and north Africa while Group C covers the whole of South Africa. Group D includes sub-Saharan Africa, Group E covers the UK and Ireland and British territories and Group F, the whole of the US.

    Media observers expect a tough fight between current TV rights holder Sony Pictures Network (SPN) India – which recently acquired the Zee Network’s TEN Sports brand – and digital rights holder Star India for the rights.

    Other bidders who could be contenders include telcos like Reliance Jio and Airtel. The next 10 years rights of the IPL are expected to bring in anywhere between $2.5 billion to $3.5 billion for the BCCI.

  • Race to acquire IPL rights commences

    Race to acquire IPL rights commences

    MUMBAI: It’s the business of sports! The countdown to the media rights of what is arguably India’s most premium sports property, the Vivo IPL, has begun with the Board of Control for Cricket in India (BCCI) announcing the timeline of the bidding process. The BCCI has made the IPL rights an invitation tender process with the document being made available for purchase from today (19 September) at a purchase price of $10,000.

    Three bunches of media rights are being made available: domestic Indian subcontinent TV rights for all the 10 seasons (2018-2027), domestic digital telecast rights, and the rest of the world (RoW) rights — either as a whole package or as territory groupings – each for five seasons (2018-2022). Bidders have also been permitted to make their offers in any combination of the above three rights. The digital rights entail a five-minute delayed telecast.

    Non-news TV broadcasters will be in a position to bid for the TV rights. However, the field has been thrown open to broadcasters, mobile operators and internet operators for both the digital and RoW rights, with marketing agencies also being permitted to throw in the hat into the ring for the latter.

    The bids can be made singly or as a consortium, as long as the person doing is fit and proper, meets financial standing and BCCI suitability standards criteria, and has no litigation with the cricket body, the BCCI announced.

    At the press conference in Delhi, BCCI president Anurag Thakur said:
    “IPL is the fastest, most popular cricket league and also the sixth most popular sports league in the world. We want it to be a very transparent process. It is going to be bid- but a most historic. In the last nine years, what we have seen is that the world has recognized it has the top most league. BCCI has been proud to start the league which others have followed.”

    BCCI CEO Rahul Johri who made a presentation on the tender process said that it will be two tiered, based on eligibility and on the financial commitment. Bidders will have to make their submissions in two envelopes: Envelope A which will detail the eligibility and envelope B which will contain the financial bid and signed media rights agreement. Financial Bids of only compliant bids will be opened, Johri clarified. He added that the organization was under no obligation to accept the highest financial bid and that it could change the process at any time at its discretion.

    Johri pointed out that potential bidders will have an opportunity to seek clarifications till 4 October, with 18 October being the last date for purchasing the tender, and bid submissions will close at 9:30 am on 25 October. Financial bids of only compliant bids will be opened, Johri clarified. The BCCI is expected to announce the winners of the rights the same day.

    For the RoW, the BCCI has broken up the rights into territory groups, almost like the league it runs. Group A broadly consists of Asia, Australia, Canada, Caribbean, Central and south America, New Zealand, and Israel. Group B consists of middle east and north Africa while Group C covers the whole of South Africa. Group D includes sub-Saharan Africa, Group E covers the UK and Ireland and British territories and Group F, the whole of the US.

    Media observers expect a tough fight between current TV rights holder Sony Pictures Network (SPN) India – which recently acquired the Zee Network’s TEN Sports brand – and digital rights holder Star India for the rights.

    Other bidders who could be contenders include telcos like Reliance Jio and Airtel. The next 10 years rights of the IPL are expected to bring in anywhere between $2.5 billion to $3.5 billion for the BCCI.

  • Star India bags India-Windies US T-20 series rights

    Star India bags India-Windies US T-20 series rights

    MUMBAI: Cricket fans and more specially T-20 fans can rejoice. They can watch the T-20 series to be played between India and the West Indies on 27-28 August 2016 in Florida in the US on Star India’s sports channels. The games are to be played following India’s ongoing Test series against West Indies.

    The Board of Control for Cricket in India (BCCI) yesterday awarded the broadcast rights to Star India which agreed to pay Rs 34.2 crore for the two international matches. BCCI took the decision following a tender, bidding and evaluation process. The reserve price for each match, according to media reports had been kept at Rs 11 crore.

    Said BCCI president Anurag Thakur in a BCCI press release: “I am pleased to announce that Star India will be the official broadcaster. It will ensure the BCCI is able to guarantee maximum exposure and further increase the visibility of this new initiative.”

    Added BCCI secretary Ajay Shirke:”Star India has been an excellent partner for the BCCI. They have a deep understanding of the game of cricket, and what it means to the nation. We are pleased to extend our association with them. This agreement also reflects our strategy to develop new markets and fan following.”

  • Star India bags India-Windies US T-20 series rights

    Star India bags India-Windies US T-20 series rights

    MUMBAI: Cricket fans and more specially T-20 fans can rejoice. They can watch the T-20 series to be played between India and the West Indies on 27-28 August 2016 in Florida in the US on Star India’s sports channels. The games are to be played following India’s ongoing Test series against West Indies.

    The Board of Control for Cricket in India (BCCI) yesterday awarded the broadcast rights to Star India which agreed to pay Rs 34.2 crore for the two international matches. BCCI took the decision following a tender, bidding and evaluation process. The reserve price for each match, according to media reports had been kept at Rs 11 crore.

    Said BCCI president Anurag Thakur in a BCCI press release: “I am pleased to announce that Star India will be the official broadcaster. It will ensure the BCCI is able to guarantee maximum exposure and further increase the visibility of this new initiative.”

    Added BCCI secretary Ajay Shirke:”Star India has been an excellent partner for the BCCI. They have a deep understanding of the game of cricket, and what it means to the nation. We are pleased to extend our association with them. This agreement also reflects our strategy to develop new markets and fan following.”

  • Marketing wizkid Karan Bajaj to head Discovery India

    Marketing wizkid Karan Bajaj to head Discovery India

    MUMBAI: The hunt to find a replacement for Discovery India head Rahul Johri has come to a conclusion. And the professional who is going to step into Johri’s shoes is Karan Bajaj, a wunderkinder marketer from the US.

    Discovery Networks Asia-Pacific has appointed Bajaj as senior vice president and general manager of South Asia with effect from 17 October 2016. He will be based in Mumbai and will report to Discovery APAC president and managing director Arthur Bastings.

    Bajaj will focus on re-formulating Discovery’s product suite in line with accelerating demand for regional and digital offerings. He will also be responsible for executing the company’s stated ambition to step outside of its current category leadership to build broader flagship brands and actively seek out inorganic growth opportunities.

    Commenting on the appointment, Bastings said, “India has quickly become one of Discovery’s top-priority global markets. These are exciting times as we strategically step up our investments to take advantage of very dynamic growth in both TV and digital. Karan brings that rare combination of creative flair, a strong instinct for the Indian millennial zeitgeist and a cutting-edge leadership style. His proven track record of scaling businesses and brands speaks for itself.”

    A BE topper from the Birla Institute of Technology and an IIM Bangalore marketing MBA, he has reportedly been selected after a global head hunt.

    Long standing country head Rahul Johri departed earlier this year to take on a position with the Board of Control for Cricket in India (BCCI) as its CEO. Discovery India’s earlier heads include respected executives Deepak Shourie and Kiran Karnik.

    Since Johri’s departure, Bastings has been selectively seeking out candidates who will help him fulfill his ambitions to make the network stronger digitally across Asia. The company announced the appointment of Jay Trinidad as the head for its north east Asian business earlier this week. Trinidad has been mandated to grow Discovery’s digital business.

    Now with the hire of Bajaj as Discovery India country head, Bastings will have plugged another management gap. The former has worked with companies such as Procter & Gamble in the US, The Boston Consulting Group, Kraft Foods, Mondelez International and finally at Aden & Anais Inc.

    A best-selling novelist and striving yogi, Bajaj balances his professional career with personal creativity and spirituality. His novels Keep off the Grass and Johnny Gone Down launched his literary career. In June this year, he had his first international novel release – The Yoga of Max’s Discontent.

    (Updated at 19:30 hours following the issuance of the the press release by Discovery Communications)

  • Marketing wizkid Karan Bajaj to head Discovery India

    Marketing wizkid Karan Bajaj to head Discovery India

    MUMBAI: The hunt to find a replacement for Discovery India head Rahul Johri has come to a conclusion. And the professional who is going to step into Johri’s shoes is Karan Bajaj, a wunderkinder marketer from the US.

    Discovery Networks Asia-Pacific has appointed Bajaj as senior vice president and general manager of South Asia with effect from 17 October 2016. He will be based in Mumbai and will report to Discovery APAC president and managing director Arthur Bastings.

    Bajaj will focus on re-formulating Discovery’s product suite in line with accelerating demand for regional and digital offerings. He will also be responsible for executing the company’s stated ambition to step outside of its current category leadership to build broader flagship brands and actively seek out inorganic growth opportunities.

    Commenting on the appointment, Bastings said, “India has quickly become one of Discovery’s top-priority global markets. These are exciting times as we strategically step up our investments to take advantage of very dynamic growth in both TV and digital. Karan brings that rare combination of creative flair, a strong instinct for the Indian millennial zeitgeist and a cutting-edge leadership style. His proven track record of scaling businesses and brands speaks for itself.”

    A BE topper from the Birla Institute of Technology and an IIM Bangalore marketing MBA, he has reportedly been selected after a global head hunt.

    Long standing country head Rahul Johri departed earlier this year to take on a position with the Board of Control for Cricket in India (BCCI) as its CEO. Discovery India’s earlier heads include respected executives Deepak Shourie and Kiran Karnik.

    Since Johri’s departure, Bastings has been selectively seeking out candidates who will help him fulfill his ambitions to make the network stronger digitally across Asia. The company announced the appointment of Jay Trinidad as the head for its north east Asian business earlier this week. Trinidad has been mandated to grow Discovery’s digital business.

    Now with the hire of Bajaj as Discovery India country head, Bastings will have plugged another management gap. The former has worked with companies such as Procter & Gamble in the US, The Boston Consulting Group, Kraft Foods, Mondelez International and finally at Aden & Anais Inc.

    A best-selling novelist and striving yogi, Bajaj balances his professional career with personal creativity and spirituality. His novels Keep off the Grass and Johnny Gone Down launched his literary career. In June this year, he had his first international novel release – The Yoga of Max’s Discontent.

    (Updated at 19:30 hours following the issuance of the the press release by Discovery Communications)