Star Sports set to break all revenue records in the history of IPL

The yearly cricket carnival may still be a week away but the official broadcaster of the lucrative Indian Premier League (IPL) — Star Sports will definatley be delighted a lot with the way things have panned for them.

After a season outside India, the IPL is back home and the entire inventory of Star Sports has been sold out – that too, at a price even higher than the last season, when all the viewership records in the history of the league were broken.

In the upcoming season, which will witness 60 games, a record 115 number of brands will be seen across the Star Sports network channels and Disney+ Hotstar during the LIVE broadcast and programming.

Notably of these 115 brands, 18 lie within the sponsor category.

Even when Star had stopped its ad sales a week before the league last year, the total number of brands associated with it were 108, seven less than this year.

The ad sales revenue, which was Rs 3100 crore in 2020 season, which was held in UAE due to pandemic, is expected to cross Rs 3600 crore this year with 115 brands on board.

It is worth noting that each co-Presenting sponsorship deal has been signed at a range between Rs 115-120 crore and the associate Sponsors are coming on board at Rs 55-65 crore levels.

Not only Star is raking big with the broadcast sponsors but Live Streaming partner Disney+Hotstar has also signed 10 deals already.

For the Live Streaming, Dream11 is the co-presenting sponsor, and Upstox & Vimal Elaichi are co-powered by sponsors. On the other hand, brands like PhonePe, AMFI, Unacademy, Pharmeasy, Livspace, Swiggy, and Parle Agro have been signed as associate sponsors.

Although Star has increased the ad rates for for on-air packages by almost 15-20 percent – but that hasn’t deterred the brands to sign up as advertiser for the upcoming 14th season. While Star sold its inventory somewhere between Rs 11-11.5 lakh per 10 seconds in 2020, it has now seen a hike as it this time it was sold between Rs 13 to 13.5 lakh for per 10 seconds.
Significantly, the viewership of IPL saw an increase of 23 percent in 2020 despite the global economic slowdown. This is the reason why despite increasing its ad rates, brands have been desperate to join the bangwagon and so, Star has received such a phenomenal response from the market.

News Desk

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