18 April 2024 last updated at 15:13 GMT
BCCI invites bids for IPL Media Rights
Friday 21 July 2017
BCCI invites bids for IPL Media Rights
Tender for media rights for the five-year period from 2018 to 2022 released
The Board of Control for Cricket in India (BCCI) on Friday invited tender for media rights to the Indian Premier League (IPL) for the five-year period from 2018 to 2022. Both television and digital media rights to the league will be up for grabs.
The last date for the bid is opened on July 21 and the deadline for buying bid documents is 24 August, the board said. The bidding process will close on 28 August and the result will be announced the same day.
“The IPL governing council at its meeting held on 11 July, 2017 evaluated the IPL media rights ITT (invitation to tender) and reconfirmed that the existing BCCI tender process is the best approach, both in terms of absolute transparency and a free and fair price discovery, for the IPL media rights,” BCCI CEO Rahul Johri said.
However, BCCI said that companies that had earlier bought the bidding documents for the IPL media rights tender scheduled to be held on 25 October 2016 will be given the latest tender documents on their release on July 21 without any additional cost of changes.
Key positional bidders at the time included Mukesh Ambani’s Reliance Jio Infocom Ltd, Star India Pvt, Ltd, Zee Entertainment Enterprises Ltd, Sony Pictures Networks India Pvt. Ltd, WPP Group’s media buying agency GroupM, Bennett Coleman & Co. Ltd’s digital media arm Times Internet Ltd, online marketplace Amazon India and social media firms Facebook and Twitter.
The BCCI has awarded the franchise based T20 cricket tournament’s title sponsorship rights for the next five years (beginning 2018) to Chinese mobile phone company Vivo Electronics Corp. for Rs2,199 crore.
In 2017 Sony ESPN broadcast the IPL as the official broadcaster.
The Board of Control for Cricket in India (BCCI) on Friday invited tender for media rights to the Indian Premier League (IPL) for the five-year period from 2018 to 2022. Both television and digital media rights to the league will be up for grabs.The last date for the bid is opened on July 21 and the deadline for buying bid documents is 24 August, the board said. The bidding process will close on 28 August and the result will be announced the same day.
“The IPL governing council at its meeting held on 11 July, 2017 evaluated the IPL media rights ITT (invitation to tender) and reconfirmed that the existing BCCI tender process is the best approach, both in terms of absolute transparency and a free and fair price discovery, for the IPL media rights,” BCCI CEO Rahul Johri said.
However, BCCI said that companies that had earlier bought the bidding documents for the IPL media rights tender scheduled to be held on 25 October 2016 will be given the latest tender documents on their release on July 21 without any additional cost of changes.
Key positional bidders at the time included Mukesh Ambani’s Reliance Jio Infocom Ltd, Star India Pvt, Ltd, Zee Entertainment Enterprises Ltd, Sony Pictures Networks India Pvt. Ltd, WPP Group’s media buying agency GroupM, Bennett Coleman & Co. Ltd’s digital media arm Times Internet Ltd, online marketplace Amazon India and social media firms Facebook and Twitter.
The BCCI has awarded the franchise based T20 cricket tournament’s title sponsorship rights for the next five years (beginning 2018) to Chinese mobile phone company Vivo Electronics Corp. for Rs2,199 crore.
In 2017 Sony ESPN broadcast the IPL as the official broadcaster.
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