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IPL broadcast deal fetches record $6.2bn
US media behemoth Walt Disney and Indian conglomerate Reliance Industries were the major winners in a high-stakes bid to broadcast the IPL, the world’s richest cricket T20 league, for the next five years in deals fetching the organisers $6.2bn. Disney-owned Star India retained the television broadcast rights to the Indian Premier League for Rs235.75bn ($3.02bn), Jay Shah, a top cricket board official said yesterday, after a three-day online auction saw the league’s broadcast value triple from the last one in 2017. At $3.02bn, Disney will pay over a billion dollars more than its previous bid in 2017, which also included online streaming rights. Viacom18, a broadcasting joint venture run by M

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