{"id":108741,"date":"2023-09-01T13:42:06","date_gmt":"2023-09-01T08:12:06","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108741"},"modified":"2023-09-01T13:42:07","modified_gmt":"2023-09-01T08:12:07","slug":"reliance-owned-stock-jumps-up-to-8-after-subsidiary-wins-media-rights-for-international-domestic-matches","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/reliance-owned-stock-jumps-up-to-8-after-subsidiary-wins-media-rights-for-international-domestic-matches\/","title":{"rendered":"Reliance owned stock jumps up to 8% after subsidiary wins media rights for international &#038; domestic matches\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2969479902\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of a media company notched 8 percent gains on Friday\u2019s early trades to reach an intraday high of \u20b9 73.80 apiece on the National Stock Exchange (NSE), after BCCI (The Board of Control for Cricket in India) announced the successful bidder for its media rights. At 11:20 AM, its shares were trading at \u20b9 71.50 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2908258817\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Viacom18, a joint venture between <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/NETWORK18\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Network18<\/a><\/strong> Group \u2014 a subsidiary of Reliance Industries Ltd, and Paramount Global emerged as the successful bidder for acquiring the Media Rights for BCCIs International and Domestic Matches for the period starting from September 2023 to March 2028.\u00a0<\/p><p>BCCI had issued an invitation to tender (ITT) for media rights and an e-auction was conducted on August 31, 2023, wherein eligible bidders were permitted to participate to determine the successful bidder for media rights.&nbsp;<\/p><p>Viacom 18, acquired these rights for a cumulative figure of \u20b9 5963 crores, subject to execution of definitive documentation and completion of formalities as required by BCCI, and other obligations specified in the ITT being completed.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-717758324\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Last year, Viacom 18 had acquired the digital rights for the Indian Premier League (IPL) for \u20b9 26,000 crores. The higher valuation per match of the IPL could also be explained by the shorter duration and favourable time slots for the matches, according to experts.&nbsp;<\/p><p>The recent development makes Viacom 18 a dominant player in the Indian cricket broadcasting space. The company will broadcast Team India home matches, IPL (digital), Women IPL, Olympics 2024, SA home matches 2024, T10 League, Road Safety World Series, SA20, NBA, Serie A, La Liga, Ligue1, and Diamond League, according to reports. Sports18 will telecast the matches, international and domestic on TV, while it will be live-streamed on JioCinema as an OTT (over-the-top) platform.&nbsp;<\/p><p>The new cycle will start with India vs. Australia series scheduled later in September. A total of 88 bilateral matches (could go up to 102 matches) involving India will be broadcast. This covers 25 Tests, 27 ODIs and 36 T20Is.&nbsp;<\/p><p>Network 18 Media &amp; Investments is engaged in activities spanning Digital Content, Print and Allied Businesses. It is a small-cap company with a market capitalization of \u20b9 7,158 crores.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-374967144\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of a media company notched 8 percent gains on Friday\u2019s early trades to reach an intraday high of \u20b9 73.80 apiece on the National Stock Exchange (NSE), after BCCI (The Board of Control for Cricket in India) announced the successful bidder for its media rights. At 11:20 AM, its shares were trading at \u20b9 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11605,11604,948,936,11606],"class_list":["post-108741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-network18-latest-news","tag-network18-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-network18-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reliance owned stock jumps up to 8% after subsidiary wins media rights for international &amp; domestic matches\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of a media company notched 8 percent gains on Friday\u2019s early trades to reach an intraday high of \u20b9 73.80 apiece on the National Stock Exchange (NSE), after BCCI (The Board of Control for Cricket in India) announced the successful bidder for its media rights. At 11:20 AM, its shares were trading at \u20b9 71.50 apiece.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/reliance-owned-stock-jumps-up-to-8-after-subsidiary-wins-media-rights-for-international-domestic-matches\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reliance owned stock jumps up to 8% after subsidiary wins media rights for international &amp; domestic matches\u00a0\" \/>\n<meta property=\"og:description\" content=\"Shares of a media company notched 8 percent gains on Friday\u2019s early trades to reach an intraday high of \u20b9 73.80 apiece on the National Stock Exchange (NSE), after BCCI (The Board of Control for Cricket in India) announced the successful bidder for its media rights. 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