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Apr 7, 2023 · IPL’s brand value rose by 77 per cent to $8.4 billion in 2022, primarily due to a renewed broadcast rights deal. IPL media rights (more than 48,000 crore): In June 2022, Viacom18 won the IPL’s digital media rights for Rs 23,758 crore, while Star India grabbed India TV rights for 23,575 crore in a five-year deal.
- The economics of IPL. BCCI collects massive revenues from broadcasters and Over-the-top (OTT) platforms by selling media rights. It deducts its share and a big chunk of its revenues are then shared with the IPL teams.
- Brand sponsorship. Apart from media revenue discussed above, IPL franchises generate a sizeable part of their revenue through brand sponsorships. Franchises tie-up with brands to offer visibility to the brand by endorsing their logos on their jerseys, headgear and team kits.
- Ticket sales. The global pandemic affected India’s biggest sporting gala in 2020 and 2021. However, it was back with a bang this year. Now that the stadiums are full of spectators again, a small portion of ticket sales will be offered to sponsors and the BCCI, the rest goes into the team’s wallet.
- Prize money. BCCI offers a colossal amount of prize money to the winning team. In 2018, IPL champion Chennai Super Kings took home ₹20 crore in prize money.
Jul 5, 2023 · Meanwhile, fantasy sports platforms have earned Rs 2,800 crore during IPL 2023. According to their analysis, fantasy sports gross gaming revenue grew by 24 per cent from Rs 2,250 crore in IPL 2022, and the market has grown at a compounded annual growth rate (CAGR) of 30 per cent since IPL season 2019. “IPL 2023 witnessed revenue of Rs 2,800 ...
Dec 19, 2023 · Premium Statistic Brand value of IPL 2023, ... Royal Challengers' profit FY 2017-2023. Profit of Royal Challengers Sports Private Limited from financial year 2017 to 2023 (in million Indian rupees
Jun 24, 2022 · The story so far: The Indian Premier League (IPL) got richer by a whopping ₹48,390.5 crore ($6.2 billion) last week by negotiating a broadcasting rights deal for the five-season cycle from 2023 ...
Jul 3, 2023 · IPL 2023 ad revenue crosses ... profit rise by 40.38% YOY Shalimar Wires Industries Q4 results : loss at ₹0.1Cr, Revenue increased by 10.13% YoY Panama Petrochem Q4 Results Live : ...
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Jun 2, 2023 · IPL 2023 Revenue Has Reached Whopping Rs 9,978 Crore, With 130 Crore Per Match Earning : On May 29, 2023, the IPL 2023 came to an end with Chennai Super Kings won the trophy for a record fifth time by defeating Gujarat Titans by four wickets. IPL has been mine of Gold for BCCI because of its earnings.
