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Disney Star's $3 bn bid helps it keep ICC rights for India market

Disney Star’s bid was about Rs 24,000 crore for both television and digital streaming rights, as per reports.

By  Storyboard18Aug 28, 2022 10:58 AM
Disney Star's $3 bn bid helps it keep ICC rights for India market
The major ICC tournaments that Disney Star would broadcast over the next four years will be the men's ODI world cup which will be held in 2023 in India, women's T20 world cup in Bangladesh in 2025, and the men’s T20 World Cup in 2026 in India and Sri Lanka. (Representational Image via Unsplash)

Disney Star will be the home of all ICC cricket in India for the next four years having won the TV and digital rights to both men’s and women’s global events through to the end of 2027. The International Cricket Council (ICC) confirmed on August 27.

The bid was won by Disney Star two months after it successfully retained the television rights for the Indian Premier League (IPL) for Rs 3,575 crore, for the period between 2023 and 2027.

ICC bid

Disney Star won the rights following a single round sealed bid process which has yielded a significant uplift to the rights fee from the previous cycle continuing the impressive growth and reach of cricket.

According to sources tracking the development, Disney Star's bid was close to $3 billion, which is equivalent to around Rs 24,000 crore, for both digital and TV rights in the Indian subcontinent region, Moneycontrol reported.

The decision followed a robust tender, bidding and evaluation process, which started in June 2022.

ICC Chair Greg Barclay said, “We are delighted to continue to partner with Disney Star as the home of ICC cricket for the next four years which has delivered an outstanding result for our Members and will support our ambitious growth plans. They will play a crucial role in the future of our sport and connecting and engaging with more fans than ever before.

K Madhavan, Country Manager and President, Disney Star said, “We are delighted at being able to continue our association with the International Cricket Council (ICC) and look forward to strengthening our partnership by growing the sport of cricket in the years ahead."

Barclay added, “Having a broadcast and digital partner for women’s events in India is a significant step forward in our ambition to accelerate the growth of the women’s game. Disney Star presented impressive plans for the promotion of women’s cricket and they clearly share our vision so I’m incredibly excited by the size of the opportunity ahead."

“This was an incredibly competitive process, which isn’t surprising given the huge audiences that cricket consistently attracts with more than a billion fans that passionately follow the game globally. I’d like to thank all of the bidders for their interest in and support of cricket.”

First Published on Aug 28, 2022 10:58 AM