Current Affairs - Business - Discussion

Star India acquired digital as well as media rights for Indian Premier League for a term of five years 2018-2023 with a whooping bid of Rs. 16,347.50 crore on September 4, 2017. The staggering deal has turned out to be a financial windfall for the BCCI despite the administrative crisis it is facing at the moment. The testimony to IPL's growth as the premier sporting property of the country is reflected by the fact that the previous 10-year bid for TV rights only was bought by Sony at Rs. 8200 crore in 2008.