US EditionICC on a Sticky Wicket as JioStar Seeks to Exit Deal
JioStar seeks release from remaining two years of a $3 billion ICC India media rights deal citing financial losses and doubled loss provisions in 2024–25, ICC seeks replacement partners.
- In a move reported ahead of the T20 World Cup 2026, JioStar told the ICC it cannot fulfill the remaining two years of its 2024–27 cycle, seeking an early exit.
- JioStar cited large provisions, increasing to Rs 25,760 crore in 2024-25, as the reason for seeking an early exit from its ICC deal.
- The ICC has launched a new bidding cycle for 2026–29, seeking close to $2.4 billion and approaching Sony Pictures Networks India, Netflix, and Amazon Prime Video to take over the rights.
- With the tournament approaching, the ICC faces a tight window to secure a new India media partner for the T20 World Cup 2026, while the platform will soon stream five India vs South Africa matches.
- The rights market now faces a $3 billion 2024–27 cycle valuation, but Sony Pictures Networks India, Netflix, and Amazon Prime Video have shown little appetite due to high costs.
18 Articles
18 Articles
ICC In Hot Water After JioStar Wants To Exit Media Rights Deal For T20 World Cup 2026: Report
The T20 World Cup 2026 is slated to begin from February and with minimal time left, the ICC now faces a big test to find a new media partner, especially with the exit of JioStar
Times of India
The Economic TimesICC on a sticky wicket as JioStar seeks to exit deal
In a surprising turn of events, JioStar has communicated to the ICC that it must retract from its media rights contract for cricket events, primarily due to major financial challenges. This development has prompted the ICC to scout for alternative partners to secure rights for future tournaments.
From Star India’s distress sale to JioStar’s ICC exit: How cricketing media-rights bubble caught up
New Delhi: JioStar’s decision to walk away from the remaining two years of its $3-billion ICC India media rights deal is the latest and clearest proof that cricket rights in India have been bid up to a level where even the biggest broadcasters cannot sustain them. This is exactly what BestMediaInfo had flagged on February 28, 2024, when Disney sold Star India to Reliance Industries at a valuation of $3.5 billion, barely seven years after Rupert …
JioHotstar Quits? Who Will Pay $2.4 Billion for ICC Rights?
JioHotstar’s exit from its massive ICC media rights agreement has shaken the cricket broadcast market overnight. A major reset is now unfolding just months before the 2026 T20 World Cup. The platform cited heavy losses and rising financial stress. The agreement collapsed under soaring rights fees, falling ad revenue, currency pressure, and nonstop piracy. The […] The post JioHotstar Quits? Who Will Pay $2.4 Billion for ICC Rights? appeared first…
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