The Indian Premier League 2020 (IPL 2020) broadcasters, i.e. Star India, recently failed to renew their media deal with New Zealand Cricket. According to reports, the deal fell out due to valuation issues coupled with the financial setback amid the ongoing coronavirus global crisis. New Zealand Cricket, the governing body for cricket in the TransTasman country, had earlier signed a three-year deal with Star India in 2017.
According to a report by exchange4media.com, a source close to the publication recently informed that Star India refused to renew their existing deal with New Zealand Cricket due to the 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 their media deal for similar rates before the fallout.
Apart from New Zealand Cricket, the cricket boards of Pakistan (PCB), Sri Lanka (SLC) and West Indies (CWI) are also struggling to either renew their media rights deals or secure an Indian broadcasting partner. According to reports, the Board of Control for Cricket in India (BCCI), the England and Wales Cricket Board (ECB) and Cricket Australia are the only cricket boards which currently have media deals in India. While the ECB is currently on a five-year deal with Sony Pictures Network India, Cricket Australia is currently in a six-year deal with them since 2018.
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