NEW DELHI: It must appear to Star India like it never rains but pours. One World Cup match involving India (against New Zealand) has already been rained out. That could translate into heavy losses for Star India, which expected to earn close to ₹100 crore in ad revenue from the match. Star India declined to divulge details on insurance cover and a possible revenue loss in case of a washout. “The sum insured for such events can range between ₹5 crore and ₹50 crore per match on average.

Source: Mint June 14, 2019 16:07 UTC