IPL Media Rights Tender: Brokerage Firm Elara Securities forecast close to 60,000 Cr bid for IPL Media Rights: Check Details
IPL Media Rights Tender – Elara Securities Forecast 60,000 Cr Value: This forecast will be music to the years of BCCI. Brokerage…
IPL Media Rights Tender – Elara Securities Forecast 60,000 Cr Value: This forecast will be music to the years of BCCI. Brokerage firm Elara Securities has predicted that the media rights value of the Indian Premier League (IPL) for the 2023-28 period can soar to 60,000 Crore number: Follow IPL Media Rights Tender LIVE Updates with InsideSport.IN
“Cricket may continue to enjoy such sheer dominance in India, medium term, propped by large-lucrative properties such as the Indian Premier League (IPL). Thus, expect IPL renewal to underpin media rights growth in India, medium term,” Elara Securities said in a note on June 7.
IPL Media Rights Tender: Brokerage Firm Elara Securities forecast ‘close to 60,000 Cr bid for IPL Media Rights’: Check Details
The note came a few days after the conclusion of the 15th edition.
- IPL Digital Rights Base Price is 33 Crore Per Match: The brokerage firm expects digital rights for broadcasting IPL matches to grab the headlines as it expects a premium of 100 percent from the current base. The brokerage house says the value per game of Digital Rights can go above 65-66 CR
- IPL Broadcast Rights Base Price is 49 Crore Per Match: Elara Securities expects a 40-50 percent rise in premium for television rights. This means a bid in range 65-70 Cr per game for Broadcast Rights.
- The brokerage firm expects 6 percent annualised growth in revenue for the TV rights owner.
- 35 percent annualised sales growth for digital rights owner for IPL matches over the next five years.
“This in turn should massively bolster India sports media rights market. And IPL’s share may grow to 74 percent from 54 percent currently, evincing its importance,” Elara Securities said.
Who are the POTENTIAL Bidders for IPL Media Rights? Almost a dozen parties have picked the IPL Media Rights Tender. Out of them only 3-4 Serious players will be in the fray.