ICC to award largest-ever media rights contract
The International Cricket Council is likely to reap a windfall this week when it awards its largest-ever media rights contract – expected to bring it around 2 billion dollars – for the eight-year period from 2015 to 2023.cricket Updated: Oct 07, 2014 14:15 IST
The International Cricket Council is likely to reap a windfall this week when it awards its largest-ever media rights contract – expected to bring it around 2 billion dollars – for the eight-year period from 2015 to 2023.
ICC has received bids from 17 broadcasters across different territories after it announced its tender in July. The bids are likely to be finalised when ICC chairman N Srinivasan arrives in London later this week.
The audi-visual rights package covers 18 ICC events, including six that generate the most revenue: two World Cups, two Champions Trophy events and two World Twenty20 events, which will be held in India, England and Australia.
Since the previous media rights package over the last eight years was sold to ESPN Star Sports for 1.2 billion dollars, the one from 2015-2023 is expected to fetch the ICC around 2 billion dollars, making it the largest-ever.
The 17 bids are currently being reviewed for compliance with the terms and conditions of the tender arrangements, ICC said on Tuesday.
Revenue from ICC events is invested back into the game, from grassroots programmes to improved facilities for spectators. The number of ICC members now stands at 106 across five continents and provides competitive opportunities and administrative support to all members.
The following ICC Events are included in the audio-visual rights packages:
ICC major global events:
ICC World Twenty20 2016 - India
ICC Champions Trophy 2017 - England and Wales
ICC Cricket World Cup 2019 - England and Wales
ICC World Twenty20 2020 - Australia
ICC Champions Trophy 2021 - India
ICC Cricket World Cup 2023 - India
ICC qualifying events:
ICC World Twenty20 Qualifier 2015 - Ireland and Scotland
ICC Cricket World Cup Qualifier 2018 - Bangladesh
ICC World Twenty20 Qualifier 2019 – TBC
ICC Cricket World Cup Qualifier 2022 - Zimbabwe
Other ICC events:
ICC U19 Cricket World Cup 2016 - Bangladesh
ICC Women’s World Cup 2017 - England and Wales
ICC U19 Cricket World Cup 2018 - New Zealand
ICC Women’s World Twenty20 2018 - West Indies
ICC U19 Cricket World Cup 2020 - South Africa
ICC Women’s World Cup 2021 - New Zealand
ICC U19 Cricket World Cup 2022 - West Indies
ICC Women’s World Twenty20 2022 - South Africa
First Published: Oct 07, 2014 14:08 IST