ICC auction: Disney Star retains media rights for $3 bn till 2027

Disney Star won the closed-loop bid process after beating rivals such as Sony, Zee and Viacom18

ICC
ICC logo (Twitter)
BS Reporter Mumbai
2 min read Last Updated : Aug 28 2022 | 12:18 AM IST
Broadcaster Disney Star has retained the rights to telecast International Cricket Council (ICC) tournaments till 2027 for $3 billion, persons in the know said.

The network won the closed-loop bid process after beating rivals, such as Sony, Zee and Viacom18, the ICC announced on Saturday evening. The companies had submitted their bids in the Friday auction, 

The winning bid, however, is double the base price of $1.44 billion for a four-year cycle, according to a source.

The deal includes both digital and television rights for men's and women's ICC tournaments. It is a big plus for Disney Star, which had lost the digital rights of the Indian Premier League (IPL) for the 2023-27 cycle to Viacom18 in June.

Disney Star had retained the television rights of the IPL for Rs 23,575 crore, whereas, the digital rights were picked up by Viacom18 for Rs 20,500 crore. 

"Under the new four year agreement, Disney Star has retained the exclusive digital streaming and television rights for both men’s and women’s events through 2027. We look forward to strengthening our partnership with ICC in the years ahead," K. Madhavan, country manager and president, Disney Star, said. 

Madhavan added that Disney Star had played an important role over the past seven years in transforming ICC games into one of the biggest sporting spectacles in India and had expanded the viewer base of the property across geographies and demographics in the country. 

The extension of the ICC rights adds to the company's portfolio of cricket properties, which include the television rights for Indian Premier League (2023-27), digital rights to Cricket Australia (2024-31), BCCI broadcast rights through the 2024 and Cricket South Africa (end of 2023-24 season).

In addition to cricket, Disney Star also offers Pro Kabbadi League, Indian Super League and various international rights, including the Wimbledon Championships and the English Premier League, Madhavan said.

Concerns had heightened over the last few days after PricewaterhouseCoopers (PwC) stepped down as auditor in the run up to the auction. All four broadcasters had submitted their bids after protesting about the lack of transparency in a closed-loop exercise. Though Amazon initially showed interest to bid for the rights, it was not a part of the process on Friday.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Star India DisneyICCInternational Cricket Council

Next Story