IPL Broadcasting Rights

BCCI has announced the release of Invitation to Tender (ITT) for Media Rights to the Indian Premier League Seasons 2023-2027. As the IPL 2022 season is going underway BCCI released the invitation and several big players such as Reliance, Amazon and Disney+ is looking forward to bid for the rights.

Who has the IPL Broadcasting Rights for 2022?

In 2017 Star India won the broadcasting rights for IPL at the price of Rs 16,348 crore for 5 years. This time, the BCCI is eyeing a windfall of Rs 50,000 crore. With Amazon and Reliance coming in to bid for the rights for next 5 years this seems very probable. The e-auction is said to start from June 12, this year. The ITT (Invitation to Tender) will be available for purchase at the cost of 25 lakhs, till May 10, 2022.

Who is bidding for the IPL Broadcasting Rights?

Disney Plus Hotstar is the only live streaming platform for IPL as of now and with the addition of new franchises, Gujarat Titans and Lucknow Super Giants, the match limit has increased to 74 in comparison to the previous editions of IPL which stood at 60 matches. Hence, there can be a bidding war from its peers, such as Zee-Sony and Reliance Viacom 18 for telecasting rights. BCCI is also expecting aggressive bidding from Amazon, Meta and Youtube.

The statement released by BCCI read as follows:

“The Governing Council of the IPL invites bids from reputed entities to acquire the Media Rights for the Indian Premier League Seasons 2023-2027, through a tender process.

The detailed terms and conditions governing the tender process including eligibility requirements, process for submissions of bids, proposed media rights packages, and obligations, etc. are contained in the ‘Invitation to Tender’ (“ITT”) which will be made available on receipt of payment of non-refundable fee of INR 25,00,000 (Rupees Twenty-Five Lakhs Only) plus any applicable Goods and Services Tax. The procedure to procure the ITT documents is enlisted in Annexure A to this document. The ITT will be available for purchase till May 10, 2022.

Interested parties are requested to email the details of payment made for the purchase of the ITT to iplmediarights2022@bcci.tv, as per the procedure laid down in Annexure A. It is clarified that the ITT documents shall be shared only receipt of payment of the non-refundable ITT fee.

Any interested party wishing to submit a bid is required to purchase the ITT. However, only those satisfying the eligibility criteria set out in the ITT and subject to the other terms and conditions set out therein, shall be eligible to bid. It is clarified that merely purchasing this ITT does not entitle any person to bid.

BCCI reserves the right to cancel or amend the bidding process at any stage in any manner at its discretion.”

The bidding will take place in June and with so many bidders it is highly possible that IPL may see a new broadcaster.