Viacom18 Media Private Limited has bagged the TV and digital rights of the Indian cricket team for INR 5,963 crore (USD 720 million approx).
According to reports, the company won the bidding war against prominent rivals Star India and Sony to secure the rights. Viacom18 won the media rights for the period of September 2023 to March 2028.
BCCI President and 1983 World Cup hero Roger Binny said, "The recent BCCI e-auction has unequivocally demonstrated the vigour of cricket in India. The remarkable journey of Indian cricket, its meteoric rise on the global sporting arena, owes its success to the unwavering trust that people have vested in the BCCI leadership and its dedicated workforce."
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"With the staunch support and collaboration of every stakeholder within our cricketing ecosystem, I am confident that we will continue to propel the brand BCCI to uncharted territories on the global sports stage," Binny said.
BCCI Secretary Jay Shah said, "I extend my heartfelt congratulations to Viacom18 for emerging successful in the e-auction, and I express my sincere gratitude to all the bidders who participated in this process."
"Their involvement underscores the industry's confidence in Indian cricket. I also want to acknowledge the role of market forces in reinforcing their belief and trust in us," he said.