close

Login or Signup

close

Login or Signup

19 Apr 2022

Fantasy gaming leader Dream11 had purchased the IPL broadcasting bid-related documents from the Board of Control for Cricket in India (BCCI) reported Bloomberg. This pits the fantasy gaming leader against Amazon.com Inc., The Walt Disney Co. and billionaire Mukesh Ambani-led Reliance Industries Ltd who are reportedly in the fray to bag the telecast rights. Dream11 in December raised $840 million at a valuation of $8 billion. 

There are four baskets of rights to bid for -- to globally telecast matches of India’s top cricket league between 2023 and 2027 via live streaming and TV broadcast.  The ‘Invitation to Tender’ (“ITT”) giving detailed terms is made available on receipt of payment of a non-refundable fee of INR 25,00,000 (Rupees Twenty-Five Lakhs Only) plus any applicable Goods and Services Tax and $33,000 in case of a foreign entity. 

As per news reports, the collective base price from various categories itself has been pegged at ₹35,000 crore, which is more than double what Disney Star currently pays ( ₹16,346.50 crores) to hold IPL’s digital and broadcast rights. As per the board’s internal estimates, the separate packaging could see the rights value shoot past ₹45,000 crores.

The other entities in the fray are Sony Group Corp. and Zee Entertainment Enterprises Ltd which have also purchased the bid-related documents from BCCI. The cricket governing body will be conducting the online auction starting June 12.

FanCode the multi-sport aggregator platform operated by Dream Sports owns telecast rights in India for Cricket West Indies (CWI) matches and a multi-year exclusive streaming partnership deal for showcasing the Bangladesh Premier League (BPL) in India.

Dream Sports also operates ventures under brand names Dream Capital, FanCode, DreamSetGo, Dream Game Studios, and DreamPay. Dream Capital is an M&A and venture capital arm, DreamSetGo is a sports experiences platform, Dream Game Studios is a game publisher, and DreamPay is a payment service provider. In August, Dream Capital launched a $250 million venture capital fund. Dream Capital has a portfolio of 10 early-stage startups which includes Fittr, SoStronk, KheloMore, and Elevar.

Share this Article

Trending Articles

Read breaking stories and latest news on gaming from India and around the world.

Dream11 partners with Sportskeeda to launch new ‘Dream Big’ stories

Fantasy Sports

Dream11 partners with Sportskeeda to launch new ‘Dream Big’ stories

Team G2G
13 May 2022
Exchange22 gets injunction order against MyFab11 for copyright infringement

Fantasy Sports

Exchange22 gets injunction order against MyFab11 for copyright infringement

Team G2G
28 Apr 2022
Dream11, MPL, Games24x7 issue clarification on FIFS exit

Fantasy Sports

Dream11, MPL, Games24x7 issue clarification on FIFS exit

Team G2G
26 Apr 2022
Give status report on plea that fantasy sports as game of skill: Delhi HC to state government

Fantasy Sports

Give status report on plea that fantasy sports as game of skill: Delhi HC to state government

Team G2G
26 Apr 2022
MyTeam11 exits FIFS after supposed rift with Dream11

Fantasy Sports

MyTeam11 exits FIFS after supposed rift with Dream11

Team G2G
18 Apr 2022
Dream11 profits increase 3X in FY 2020-21

Fantasy Sports

Dream11 profits increase 3X in FY 2020-21

Team G2G
06 Apr 2022

Latest Videos

Check out the latest news videos, interviews, explainer and many more covering wide range of gaming topics.

Show All Videos

All Fantasy Sports Articles

Get latest industry updates directly into your inbox.