IPL 2020 broadcasters refuse to renew $35 million deal with New Zealand Cricket: Report

Indian Premier League 2020 (IPL 2020) broadcasters, i.e. Star India, recently failed to renew ir media deal with New Zealand Cricket. According to reports, deal fell out due to valuation issues coupled with financial setback amid ongoing coronavirus global crisis. New Zealand Cricket, governing body for cricket in TransTasman country, had earlier signed a three-year deal with Star India in 2017.

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IPL broadcasters’ financial fall out with New Zealand Cricket Board

According to a report by exchange4media.com, a source close to publication recently informed that Star India refused to renew ir existing deal with New Zealand Cricket due to current market scenario. In 2017, New Zealand Cricket signed a deal worth US$35 million (₹240 crore approximately) with Star India. According to reports, New Zealand Cricket were trying to renew ir media deal for similar rates before fallout.

Apart from New Zealand Cricket, cricket boards of Pakistan (PCB), Sri Lanka (SLC) and West Indies (CWI) are also struggling to eir renew ir media rights deals or secure an Indian broadcasting partner. According to reports, Board of Control for Cricket in India (BCCI), England and Wales Cricket Board (ECB) and Cricket Australia are only cricket boards which currently have media deals in India. While ECB is currently on a five-year deal with Sony Pictures Network India, Cricket Australia is currently in a six-year deal with m since 2018.

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Star India’s broadcasting deal with BCCI and ICC

Star India is biggest cricket broadcasting rights holder in world. y are currently in middle of a five-year deal with BCCI for broadcasting IPL matches, which would also include airing of IPL 2020 matches live on television and on streaming devices. ir deal with BCCI is estimated to be worth ₹16,347 crore for IPL matches for five years and ar ₹6,138 crore for international home matches between 2018 and 2023. y have also signed a deal worth ₹14,287 crore with ICC for an 8-year cycle (2015 to 2023).

IPL broadcasters demand answers over IPL 2020 from BCCI

According to an earlier report by InsideSport, Star India sent out letters to both BCCI and International Cricket Council (ICC) in order to seek answers regarding ir exact stances on IPL 2020 and T20 World Cup schedules. According to a source, official broadcasters are “miffed” with delay in ir schedule planning and y want both cricketing bodies to come to a decision so that y can plan ir television schedules and marketing plans accordingly.

England vs West Indies 2020

International cricket recently resumed after a four-month hiatus through ongoing England vs West Indies Test series. matches, as per ECB’s deal with Sony Pictures Network India, are being televised live in India in channel. While West Indies won first Test at Southampton, England vs West Indies series will continue with second match from July 16 onwards.

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Disclaimer: above monetary figures and rights information involving IPL 2020, IPL broadcasters and New Zealand cricket are sourced from various websites and media reports. website does t guarantee a 100% accuracy of monetary figures and rights information involving IPL 2020, IPL broadcasters and New Zealand cricket information.  

Im credit: IPL Twitter