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STAR India wins BCCI Media rights for Rs 3851 crore
STAR India wins BCCI Media rights for Rs 3851 crore
By: iMedia News Bureau

Star TV, owned by Rupert Murdoch, has won the rights to broadcast Indian cricket for 2012-2018.This contract would cover 96 matches at an average price of Rs 40 crore a match. This marks a 30% increase from Nimbus’s price of Rs 31.5 crore per match. The cricket board had terminated its four-year contract with Nimbus Communications in December, after the latter defaulted on payments.

The rights cover all international cricket in India, and domestic competitions including the Ranji Trophy and Irani Cup; they do not include the IPL. The first series under this deal, according to a schedule announced on Monday, will be New Zealand's tour of India in August-September 2012; England have a full tour later in the year and Australia arrive in February for a four-Test series.

Giving his incepts about the deal, Mr. Uday Shankar, CEO, Star India, said, “BCCI is a great property and we are overjoyed to have an opportunity to develop it further. It was decided amongst ESPN Star Sports, ESPN and Star that Star would bid for the rights and if Star were to win the rights it would be exploited in collaboration with ESS.”

Under the deal, Star TV will be paying approximately Rs.40 crores (US$7.86 million) for each match, significantly more than the Rs.32.5 crores (US$6.38 million) the previous broadcaster, Nimbus, had to pay for each match. The pricing is in two stages, Farooq Abdullah, chairman of the BCCI's marketing committee, told ESPNcricinfo: Rs 32.2 crores ($6.3 million) for the matches from 2012 to 2014 and Rs 43.20 crore ($8.5 million) for the matches from 2014 to 2018.

"The BCCI is very happy with the deal. Now the media rights have been fully evaluated and fully priced, with Star coming out with such a deal," BCCI President N Srinivasan told reporters while making the announcement. "Following a transparent process of verifying the eligibility of each bidder, the winner was chosen."

ESPN-Star already has the rights to all ICC events and also the rights to domestic cricket in England and Australia.