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Star wins India media rights for $945 million
MUMBAI, India (Reuters) – Star India bagged the global television and digital rights for cricket in India for the next five years yesterday with a $945M (£672.93M) bid to complete their stranglehold on the coverage of the game in its commercial home.
“Star India bags BCCI India International and Domestic media rights for INR 6138.1 crore for the next five years,” the Indian cricket board (BCCI) tweeted at the end of the three-day e-bidding, a first in cricket.
The highest bid fell short of the billion-dollar mark but means the broadcasters will pay $9.24M for every international match in the 2018-2023 period.
Six companies, including Facebook and Google, initially entered the fray to bid for 102 matches in India.
Following scrutiny, Star India Private Ltd, Reliance Industries Limited, and Sony Pictures Networks India Private Limited were found eligible to submit online financial bids.
Star India struck cricket’s biggest television deal in September to secure Indian Premier League’s (IPL) global media rights for $2.52B, which consolidated BCCI’s position as the richest board in the world.
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Guyana Diaspora Forum
We have a large database of Guyanese worldwide. Most of our readers are in the USA, Canada, and the UK. Our Blog and Newsletter would not only carry articles and videos on Guyana, but also other articles on a wide range of subjects that may be of interest to our readers in over 200 countries, many of them non-Guyanese We hope that you like our selections.
It is estimated that over one million Guyanese, when counting their dependents, live outside of Guyana. This exceeds the population of Guyana, which is now about 750,000. Many left early in the 50’s and 60’s while others went with the next wave in the 70’s and 80’s. The latest wave left over the last 20 years. This outflow of Guyanese, therefore, covers some three generations. This outflow still continues today, where over 80 % of U.G. graduates now leave after graduating. We hope this changes, and soon.
Guyanese, like most others, try to keep their culture and pass it on to their children and grandchildren. The problem has been that many Guyanese have not looked back, or if they did it was only fleetingly. This means that the younger generations and those who left at an early age know very little about Guyana since many have not visited the country. Also, if they do get information about Guyana, it is usually negative and thus the cycle of non-interest is cultivated.
This Guyana Diaspora Online Forum , along with its monthly newsletter, aims at bringing Guyanese together to support positive news, increase travel and tourism in Guyana and, in general, foster the birth of a new Guyana, which has already begun notwithstanding the negative news that grabs the headlines. As the editor and manager of the publication, I am committed to delivering Blog entries and Newsletters that are politically balanced, and focused on the positive ideas we wish to share and foster among Guyanese.
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