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Disney Wins TV Rights, Loses Streaming Rights for Indian Premier League Cricket

Walt Disney pays $3 billion to retain the best to broadcast cricket’s fashionable Indian Premier League on its Star India tv community, though it lost streaming rights to rival Viacom18, the Board for Control of Cricket in India, the competitors’s regulatory physique, mentioned Tuesday.

The intently watched, multiday public sale generated $6.2 billion for the league’s organizers, almost thrice the worth that rights final bought for at public sale in 2017. The successful bid for streaming rights from Viacom18, a three way partnership between Paramount Global Indian billionaire Mukesh Ambani’s Reliance Industries and others, was $2.6 billion, the cricket board mentioned. In addition, Viacom18 pays an extra $493 million for assorted different licenses, together with the rights to air matches internationally and a limited-game bundle.