“We are happy to announce the tender process for IPL Global Media Rights (TV and Digital),” BCCI president Anurag Thakur announced in a press conference. Currently, the IPL’s media rights are held by Sony Pictures Network India (SPNI), a deal that comes to an end after the event’s next edition. Sony Network had the first right to make an offer to the Board but the BCCI has decided to go for an open tender. In 2008, World Sports Group bagged the IPL television rights for a 10-year period for $918 million. The contract was redone before the 2009 IPL with Multi Screen Media working out a $1.63 billion deal for nine years with the BCCI.

Source: Mint September 18, 2016 13:07 UTC