SachDan Posted January 14, 2008 Posted January 14, 2008 SONY pays whopping amount for IPL rights. Sony Entertainment paid almost what ESS paid to acquire ICC broadcasting rights. Sony pays $ 1 billion for IPL rights January 14, 2008 17:52 IST The Indian cricket board's official Twenty20 League (IPL) has secured a 10-year rights contract worth more than $1 billion ahead of its launch in April, organisers said on Monday. Sony Entertainment, a division of Japan's [Images] Sony Corp., and the Asia-based World Sports Group (WSG) are behind the deal. Television rights were worth $918 million, with another $100 million bid for the league's promotion. "We are absolutely delighted...we have what we believe to be the best deal for the Indian Premier League and Indian cricket fans," board vice-president Lalit Modi said in a statement. The league, expected to feature many of the game's top players, is an effort to counter an unofficial Indian Twenty20 league whose inaugural edition was held late last year. The 44-day IPL starts on April. 18 and will feature eight franchises in its inaugural season, each squad containing 16 players. Teams will play home and away games leading up to a grand final. The first year will feature 59 matches played in late afternoon for prime-time television. Kunal Dasgupta, chief executive of Sony Entertainment Television India, said: "At Sony Max and WSG we have done some pioneering work in showcasing cricket in an entertaining and informative way and we will continue to innovate and extend the excitement of cricket through the IPL."
sandtest Posted January 14, 2008 Posted January 14, 2008 BCCI continues making truckloads of money - IPL TV rights sold for 1Billion Dollars While we Indian fans all over the world are disturbed about how Bucknor robbed us in daylight and ICC gundas harrasing Indian team without any hesitation, BCCI babu, money hungry Lalit Modi is busy making as much money as possible. With mafia like control over India's major Cricket grounds and infrastructure, once IPL starts, I don't think it will leave any space for competition for private players like ICL. I say, declare all Cricket grounds and Infrastructure in India as public property and let other private players come in picture. Competition with BCCI mafia will be good for the future of Indian Cricket. BCCI's Twenty20 League agrees $1 bn rights deal http://cricket.indiatimes.com/BCCIs_Twenty20_League_agrees_1_bn_rights_deal/articleshow/2699597.cms NEW DELHI, January 14: The Indian cricket board's official Twenty20 League (IPL) has secured a 10-year rights contract worth more than $1 billion ahead of its launch in April, organisers said on Monday. Sony Entertainment, a division of Japan's Sony Corp., and the Asia-based World Sports Group (WSG) are behind the deal. Television rights were worth $918 million, with another $100 million bid for the league's promotion. "We are absolutely delighted...we have what we believe to be the best deal for the Indian Premier League and Indian cricket fans," board vice-president Lalit Modi said in a statement. The league, expected to feature many of the game's top players, is an effort to counter an unofficial Indian Twenty20 league whose inaugural edition was held late last year. The 44-day IPL starts on April. 18 and will feature eight franchises in its inaugural season, each squad containing 16 players. Teams will play home and away games leading up to a grand final. The first year will feature 59 matches played in late afternoon for prime-time television. Kunal Dasgupta, chief executive of Sony Entertainment Television India, said: "At Sony Max and WSG we have done some pioneering work in showcasing cricket in an entertaining and informative way and we will continue to innovate and extend the excitement of cricket through the IPL.
beetle Posted January 14, 2008 Posted January 14, 2008 Money is all they care about.That's why the Indians have had to back down so that the BCCI scumbags can get the pack in IPL.
Guest Hiten. Posted January 14, 2008 Posted January 14, 2008 my jaws are still in dropped position after reading that piece 10 mins ago..... holyyyy shitttttttttttttttttttttttt:nervous::omg:
talksport Posted January 14, 2008 Posted January 14, 2008 It could be a bad decision by Sony....like the world cup sponsors burnt their fingers
kabira Posted January 14, 2008 Posted January 14, 2008 nimbus is not doing well..Sony are paying for something unknown....
guju24 Posted January 14, 2008 Posted January 14, 2008 this is just tremendous amount of money here...1billiob just for one series...this is too much....BCCI getting so much money and still they cant make their own site...
living Posted January 14, 2008 Posted January 14, 2008 this is just tremendous amount of money here...1billiob just for one series...this is too much....BCCI getting so much money and still they cant make their own site... haha so true, and ppl can't even buy Indian cricket gear easily
msb1991 Posted January 14, 2008 Posted January 14, 2008 I hope the BCCI puts this money back into the development of cricket in India (no sarcastic "Not likely" comments needed). This TV deal alone would cover the contracts easily, it is good business by the BCCI to realise that with these TV deals, they could offer the overseas stars an unlimited amount of money.
DesiChap Posted January 14, 2008 Posted January 14, 2008 Sony will get screwed. You can take that to the "bank"
yoda Posted January 14, 2008 Posted January 14, 2008 10 million usd per year... is not much. you are missing a zero. 1b for 10 years, 100 mill per year. the 100 mil for 10 years is just for extras like publicity.
Online Posted January 14, 2008 Posted January 14, 2008 it is 1 billion over TEN years - is it really a big number?? any comparitive numbers to look at?
fineleg Posted January 15, 2008 Posted January 15, 2008 I hope the BCCI puts this money back into the development of cricket in India (no sarcastic "Not likely" comments needed). This TV deal alone would cover the contracts easily, it is good business by the BCCI to realise that with these TV deals, they could offer the overseas stars an unlimited amount of money. Wont happen automatically. They'll need to be forced into it - any thoughts how BCCI can be forced into putting the money back into dev?
eternalhope Posted January 15, 2008 Posted January 15, 2008 Whatever be the amount of money BCCI makes, I am pretty sure they would not be able to match the organizational efficiency of the ICL. The one thing BCCI has been consistent in is, its inefficiency.
chunky_lafanga Posted January 15, 2008 Posted January 15, 2008 No wonder Sony has lost the plot in recent years.
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