Star India
| Use attributes for filter ! | |
| Owners | The Walt Disney Company |
|---|---|
| Ceo | Uday Shankar |
| Founders | Rupert Murdoch |
| Founded | February 8 |
| 1994 | |
| Subsidiaries | Star Vijay |
| Fox Star Studios | |
| Star TV | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 981446 |
About Star India
Star India Private Limited is an Indian media conglomerate and a wholly owned subsidiary of The Walt Disney Company India. It is headquartered in Mumbai, Maharashtra. It has a network of 60 channels in eight different languages, reaching out to 9 out of 10 cable and satellite TV homes in India.
IPL media rights deal fetch record-breaking $5. 6bn
The streaming and TV rights of The Indian Premier League (IPL), The World 's richest cricket league, have been sold for a record-breaking $5. 6bn (£4. 6bn).
Indian billionaire Mukesh Ambani-backed Viacom18 bagged the streaming rights at $2. 6bn, AFP reported quoting sources.
Disney-owned Star India meanwhile picked up the TV rights at around $3bn, local reports said.
Two other rights packages were still being auctioned off on Tuesday.
Combined, the streaming and TV rights deals are More Than double what Star paid in 2017 for the previous Five Seasons of the IPL - $2. 4bn.
The winning bid for the television rights of the annual two-month cricket league for The Next Five Seasons were sold for around $7. 36 million per match. This period includes 410 IPL Matches .
For the digital streaming rights, the highest bid was $6. 4m per match.
These alongside the NFL and the English Premier League (EPL), in per-match terms.
The media rights auction by the BCCI for the broadcast rights of the IPL from 2023 to 2027 has media giants Viacom18, Mr Ambani's joint broadcasting venture, Disney and Sony India fighting for a piece of the IPL pie.
The auction which started on Sunday Morning is now on its Third Day , with two more rights packages - International broadcast of the IPL, and non-exclusive rights for certain Matches - up for grabs.
In all, the BCCI is reportedly set to make an eye-watering figure from the sale, projected at upwards of $6bn.
One of The World 's most watched sporting events, the IPL attracts some of The World 's top cricketing talent with high-paying packages.
Source of news: bbc.com
