Star India will pay Rs. 3,800 crores for a period of six years, from July 2012 to March 2018.
Chennai: Star India has won the bid for BCCI's domestic telecast rights, which includes both broadcast and digital rights to cricket in India for the period July 2012 to March 2018.
According to sources, the Indian cricket board had received four tenders for the broadcast, Internet and mobile rights to domestic cricket for a six-year period, in which 96 matches will be played in India. A new tender was issued after the BCCI terminated its contract with Nimbus in December last year, claiming the latter had defaulted on its payments.
The BCCI's marketing committee set the price for category A games at Rs 31.25 crores per match plus an additional amount of Rs 1 crore, while category B games were set at Rs 34 crores plus Rs 1 crore. However, it was not specified which games would constitute the categories, nor why an additional Rs 1 crore was being asked for.
Star India will pay Rs. 3,851 crores for six years, which approximately amounts to Rs. 40 crores per day for the BCCI rights. Nimbus were paying Rs. 31.25 crores per day for domestic TV rights, which includes India's international cricket matches at home and domestic events like Ranji Trophy, Duleep Trophy and the Irani Trophy.
"The BCCI is very happy with the deal. Now the media rights have been fully evaluated and fully priced, with Star coming out with a 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."
Star Group's India CEO Uday Shankar promised that the company would provide good telecast of the matches. "I thank the BCCI for giving Star the broadcast rights. In collaboration with our partnbers ESPN, we will do a commendable job. We have already got channels. But the option of launching a channel if number of matches demand that is always open," he said.
ESPN-Star already has the rights to all ICC events and also the rights to domestic cricket in England and Australia.